Ripple to Australian Dollar Exchange Rate

Live Rate

= $ 0.6404

Refreshing in: 60s | Mon, 22 Oct 07:36pm GMT

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Historical rate chart of XRP and AUD

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Updated: 22 Oct 2018 19:36:57 UTC
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

XRP has been on a bull run as Google-backed Ripple makes its mark on the global financial system.

The bull run of this cryptocurrency in 2017 may be set to continue its climb upwards. However, buyers should consider whether there's a catch. XRP’s climb over the long term may only continue if XRP becomes widely used to settle international transactions.

XRP is the cryptocurrency released by the company known as Ripple. In 2012 Ripple, which was then known as OpenCoin, was founded under the leadership of Chris Larsen. Since then, Ripple has aggressively developed its engineering teams which has caused Ripple to be seen as many as a force for transformation in international finance. With dozens of top tier banks and central banks either using Ripple’s technology or Ripple derived technology, Ripple’s influence – and XRP’s for that matter – appears to be growing fast.

It has to grow if XRP is to fulfill its goal of becoming the world’s reserve currency to settle international trade.

Since the creation of XRP in October of 2013, its price has mostly stayed below US$0.01, meaning that in terms of price, this cryptocurrency is quite stable.

Only since May 2017 has XRP experienced volatility, like other cryptocurrencies. In May, XRP’s price topped out at around US$0.42 and over the next several months hovered between US$0.15 and US$0.30. Starting on 10 December XRP achieved new highs, reaching US$1.50 on 28 December 2017.

Compare cryptocurrency wallets

Name Product Wallet type Supported Cryptocurrencies
Mobile
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BTC, LTC, ETH, BAT, BCH, DASH, BTG, XRP
Buy, send and convert more than 35 currencies at the touch of a button.
Hardware
BTC, BCH, BTG, ETH, ETC, LTC, DOGE, ZEC, XRP, DASH, STRAT, KMD, ARK, EXP, UBQ, VTC, VIA, NEO, XST, XLM, HSR, DGB, QTUM, PIVX, POSW, EOS, TRX, PPC, BTCP, ZEN, XZC, POA, RSK, kUSD, VET, ICX, PART, ONT, WAN
Securely store some of the world's most popular cryptocurrencies on the Ledger Nano S hardware wallet.
Hardware
BTC, BCH, BTG, LTC, DASH, DOGE, ETC, ETH, ERC20, NEM, NMC, ZEC, EXP, UBQ
TREZOR hardware wallet is a secure way to keep your cryptocurrency safe from hackers and malware.
Mobile
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BTC, BCH, LTC, ETH
As well as being a cryptocurrency exchange, Coinbase offers one of the most popular web wallets accessible by mobile.
Desktop Client
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BTC, ETH, REP, ANT, BAT, EOS, SALT, CVC, DNT, SNT, SUB, TRX, OMG, BTM, DENT, PPT, MKR, DGD, QASH, ETHOS & 10+ more
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A mobile hardware wallet for iPhone or Android designed to offer wireless bluetooth transactions and cold storage.
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Hardware
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Desktop Client
Mobile
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Mobile
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Armory is the only open-source wallet with cold storage and multi-signature support features to protect your cryptocurrency.
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Mobile
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Bread, previously known as Breadwallet, is a free digital wallet app focused on protecting your personal privacy during BTC storage.
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Mobile
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BTC, BCH, ETH
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Desktop Client
ETH, ERC20
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Daedalus Wallet
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LoafWallet
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MetaMask Wallet
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LiteVault Wallet
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GateHub Wallet
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Electrum-LTC Wallet
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Toast Wallet
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Toast sets out to offer a multi-platform Ripple wallet that’s “simple enough for your grandma but safe enough for a Swiss banker”.
Cryptonator Wallet
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Cryptonator wallet allows you to store multiple world-leading cryptocurrencies online.
Stellar Desktop Client
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Lobstr Wallet
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Astral Wallet
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NanoWallet
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Verge QT Wallet
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Verge Electrum Wallet
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IOTA Wallet
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NEM Mobile wallet
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NEM NanoWallet
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Dash Core Wallet
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Dash Wallet
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MyDashWallet
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Monero GUI Wallet
Monero GUI Wallet
Desktop Client
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Monerujo Wallet
Monerujo Wallet
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ClassicEtherWallet
ClassicEtherWallet
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Qtum Electrum Wallet
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Qtum Core Wallet
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Mobile
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Qtum Web Wallet
Qtum Web Wallet
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Bitpie Wallet
Bitpie Wallet
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NanoWallet.io
NanoWallet.io
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Nano Wallet
Nano Wallet
Desktop Client
Mobile
XRB
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Lisk Nano Wallet
Lisk Nano Wallet
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Lisk Core Wallet
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Lisk Hub Wallet
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LSK
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Dogecoin Wallet
Dogecoin Wallet
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Mobile
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NEON Wallet
NEON Wallet
Desktop Client
NEO, GAS, RPX, DBC, QLC
An open source cross-platform wallet designed for simple storage and management of NEO, GAS and other NEP5 tokens.
NEO GUI
NEO GUI
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NEO, GAS
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O3 Wallet
O3 Wallet
Mobile
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NEO Tracker
NEO Tracker
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NEO, GAS
A user-friendly online wallet for storing and managing your NEO and GAS holdings with private key encryption.
ICONex Wallet
ICONex Wallet
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ICX, ETH, ERC20 tokens

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Where to buy, sell and exchange cryptocurrency

Name Product Deposit methods Fiat Currencies Supported Cryptocurrencies
CoinSpot Cryptocurrency Marketplace
BPAY
Cash
Cryptocurrency
POLi
AUD
BTC, BCH, ETH, XRP, ADA, XEM, LTC, XLM, TRX, DASH, NEO, XMR, EOS, QTUM, BTG, LSK, ETC, XVG, SKY, NAS, LINK, GO & over 100+ more
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eToro Cryptocurrency Trading & CFDs
Credit card
Debit card
Neteller
PayPal
Yandex Money
USD
BTC, BCH, DASH, ETC, ETH, LTC, XRP, MIOTA, XLM, ADA, NEO, EOS
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Cointree Cryptocurrency Exchange
Cash
Cryptocurrency
Electronic Funds Transfer
POLi
AUD
BTC, ETH, BCH, EOS, ZRX, AE, AION, REP, DGD, ICX, IOST, OMG, PPT, SNT, TRX, VET, ZIL, ZEC, LSK, DCR, SC, STEEM, GNT, DGB, BAT, KMD, BTG, ADA, DASH, ETC, OIST, LTC, XMR, XEM, NEO, ONT, QTUM, XRP
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Bank transfer
Credit card
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Bank transfer (SEPA)
USD, GBP, AUD, EUR, INR, ARS, BRL, CAD, CNY. NZD, DKK, HKD, ILS, JPY, KES, CHF, MXN, NOK, PHP, PLN, SGD, SEK, AED
BTC, LTC, ETH, BCH, BAT, DASH, BTG, XRP, VOX
Buy, send and convert more than 35 currencies at the touch of a button.
Binance Cryptocurrency Exchange
Cryptocurrency
BTC, XRP, USDT, ETH, NEB, XVG, TRX, NEBL, ETH, NEO, FUN, ETC, BCC, POE, DASH, ELF, ICX, BNB, ZRX, APPC & 80+ more
Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.
Independent Reserve Exchange
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CoinJar Trading Platform
Blueshyft
BPAY
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Bitfinex Professional Trading Exchange
Cryptocurrency
Wire transfer
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BTC, BCH, BTG, IQ, TRX, GNT, AVT, DASH, DATA, EDO, EOS, ETC, ETH, LTC, MIOTA, NEO, OMG, QTUM, SAN, USDT, XMR, XRP, BAT, ZRX, FUN, MANA, SPANK, TNB, RLC, RCN, REP, ELF, AID, SNGLS, SNT, QASH, YOYO, MITH, ETP, ZEC, XTZ, CNN, BOX, GOT, TKN, UTN
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HiveEx.com OTC Cryptocurrency Brokerage
Bank transfer
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POLi
AUD, GBP, USD
BTC, BCH, ETH, LTC, XRP, NEO, VEO & 400+ more
HiveEx.com is a global over-the-counter (OTC) cryptocurrency brokerage specialising in high-volume trades of $50,000+.
HiveEx.com and finder.com.au are members of the Hive Empire group of companies.
CEX.IO Cryptocurrency Exchange
Credit card
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Bank transfer (SEPA)
SWIFT
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BTC, DASH, ETH, XRP, ZEC, XLM
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Coinmama Cryptocurrency Marketplace
Cash
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Debit card
Bank transfer (SEPA)
USD, EUR
BTC, ETH, ETC, BCH, LTC, ADA, QTUM, XRP
Buy coins like Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash with credit card.
Bitit Cryptocurrency Marketplace
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Neosurf
USD, EUR, GBP, JPY, CNY, KRW, AUD, CAD, DKK, NOK, SEK, TRY, HKD, SGD
BTC, ETH, XRP, DASH, LTC, BCH, ETC, OMG, ZRX, CVC, BNT
Buy cryptocurrency with cash or credit card and get express delivery in as little as 10 minutes.
Changelly Crypto-to-Crypto Exchange
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BTC, BCH, ETH, XMR, ZEC, DASH, XRP, ETC, LTC, DOGE, XLM,1ST, ADX, AMP, ANT, BAT, BCN, BNT, BTG, CFI, CVC & 70+ more
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CoinJar Trading Exchange
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Huobi Cryptocurrency Exchange
Huobi Cryptocurrency Exchange
Cryptocurrency
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BTC, ETH, HT, LTC, PAI, BCH, XRP, DASH, IOST, EOS, TRX, ETC, OCN, ONT, ELF, ABT, CMT, ELA, ZEC, XZC, OMG & 75+ more
Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
Bithumb Cryptocurrency Exchange
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KRW
BTC, BTG, BCH, DASH, ETC, LTC, EOS, XRP, ETH, QTUM, TRX, ICX, VET, XMR, ZEC, MITH, WAVES, WTC, ITC, LINK
A global platform where users can make KRW and cryptocurrency deposits to purchase up to 15 popular cryptocurrencies.
OKEx Cryptocurrency Exchange
OKEx Cryptocurrency Exchange
Bank transfer
Cryptocurrency
WeChat
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BTC, ETH, LTC, EOS, TRX, ETC, BCH, TRUE, XRP, ABT, HSR, MITH, BTM, AUTO, IOST, & over 119+ more
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Kraken Cryptocurrency Exchange
Kraken Cryptocurrency Exchange
Electronic Funds Transfer
Bank transfer (SEPA)
Wire transfer
USD, EUR, GBP, JPY, CAD
BTC, BCH, ETH, ADA, QTUM, ETC, XMR, DASH, LTC, XRP, XLM, REP, ICN, MLN, ZEC, USDT, GNO, EOS
Exchange multiple cryptocurrencies through a range of payment methods, including Electronic Funds Transfer, SEPA or Wire Transfer.
Liquid Cryptocurrency Exchange
Cryptocurrency
Bank transfer (SEPA)
Swapforex
AUD, EUR, JPY, USD, SGD
BTC, CRPT, ETH, XRP, BCH, NEO, QTUM, QASH, ETN, LIKE, EARTH, MRK, and 40+ more
Liquid is a unified, globally-sourced trading platform that bridges the worlds of fiat and crypto.
Bitstamp Cryptocurrency Exchange
Bitstamp Cryptocurrency Exchange
Debit card
Credit card
Cryptocurrency
Bank transfer (SEPA)
Wire transfer
AstroPay
USD, EUR
BTC, BCH, LTC, ETH, XRP
A global cryptocurrency exchange that facilitates crypto to fiat transactions, where you can use EUR or USD to buy bitcoin and popular altcoins.
Poloniex Digital Asset Exchange
Poloniex Digital Asset Exchange
Cryptocurrency
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BTC, ETH, XRP, DOGE, XLM, ETC, STRAT, LTC, SC, DGB, BCH, LSK, XMR, LOOM, BAT & 50 more
Trade various coins through a global crypto to crypto exchange based in the US.
Exmo Cryptocurrency Exchange
Exmo Cryptocurrency Exchange
Credit card
Cryptocurrency
Debit card
Payeer
Perfect Money
Bank transfer (SEPA)
Wire transfer
USD, EUR, RUB, PLN, UAH
BTC, BCH, ETH, ETC, XRP, KICK, DASH, WAVES, ZEC, XMR, LTC, DOGE, USDT, ADA, INK
A UK-based cryptocurrency platform that provides buyers with a wide variety of payment options.
KuCoin Cryptocurrency Exchange
KuCoin Cryptocurrency Exchange
Cryptocurrency
-
BTC, BCH, DAG, ETH, XRP, EOS, LTC, ADA, TRX, NEO, ONT, STEEM, BTM, BCD, ZINC, VET, OLT, NUSD, LOC, ZEN & 50+ more
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
BitBay Cryptocurrency Exchange
BitBay Cryptocurrency Exchange
Cryptocurrency
Express Polish Post Office 24/7
Express Zabka Market
Wire transfer
USD, EUR, PLN
BTC, BCC, BTG, LTC, ETH, LSK, GAME, DASH, KZC, XRP, XIN,ZEC,XMR
This Polish-based exchange offers a variety of accessible payment methods, including Express Polish Post Office 24/7 service and Express DotPay.
BTC Markets Exchange
BTC Markets Exchange
Bank transfer
BPAY
AUD
BTC, BCH, ETH, ETC, LTC, XRP, OMG, POWR
Browse the various coin offerings of this Australian based exchange, where coins can be purchased using AUD, LTC and BTC.
CoinCorner Bitcoin Exchange
Bank transfer
Credit card
Debit card
GBP, EUR
BTC, ETH, LTC, XRP
Buy and sell bitcoin in GBP or EUR with credit card, debit card and bank transfer payment options.
Bittrex Digital Currency Exchange
Bittrex Digital Currency Exchange
Cryptocurrency
Wire transfer
USD
BTC, ETH, BOXX, XVG, SC, XRP, DOGE, STRAT, XMR, ADA, OMG, ETC, BCC, XLM, DGB, UKG, QTUM, ZCL, RDD, LTC, NEO, XRP, TRX, ZEC & 120+ more
Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
MyCryptoWallet Cryptocurrency Exchange
Bank transfer
Cryptocurrency
AUD, NZD
BTC, ETH, LTC, XRP, POWR
A cryptocurrency exchange that supports Australian and New Zealand customers, where users can pay in NZD and transactions in AUD have no withdrawal or deposit fees.
ShapeShift Cryptocurrency Exchange
ShapeShift Cryptocurrency Exchange
Cryptocurrency
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BTC, BCH, BTG, ETH, ETC, FUN, 1ST, ANT, BAT, BNT, BLK, CVC, CLAM, DASH, DCR, DGB, DNT, DOGE, EDG, EOS, FCT, GAME & 25+ more
A global exchange where no account is needed to begin trading cryptocurrency to cryptocurrency.

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Market rate for common transfer amounts XRP to AUD

Ripple (XRP) Australian dollars (AUD)
XRP1 0
XRP100 0
XRP500 0
XRP1000 0
XRP1500 0
XRP2500 0
XRP5000 0

Do we know how much XRP will be worth in the future?

To get a clearer picture of XRP’s future price movements, it's important to understand the difference between Ripple and XRP. This is important because to understand XRP’s value it's helpful to know how Ripple uses XRP.

To start, Ripple and XRP are two different things. This means that it's not quite correct to say that XRP is a Google-backed currency. It's better to say that Ripple is a Google-backed tech company developing blockchain technologies.

The blockchain technologies being developed by Ripple aim to change the way international business transactions are made. One effect of this technology might be to allow huge sums of money to be transferred between any bank anywhere on earth ready for use in seconds. This would be a noteworthy gain in efficiency from the normal transfer time of between three and five days.

Up until recently, to physically fly $10,000 across the world by plane has taken less time than transferring it electronically. This seems to be changing as Ripple’s technology has successfully completed testing with some major institutional banks over recent years – the two biggest being the United States Federal Reserve and the Bank of England.

From there, widespread use of Ripple’s technology is expected to trickle down and spread fast. This can be seen in Japan with three Japanese credit card companies adding this technology to their existing cross-border payments systems.

How does XRP fit into this picture? This is where understanding XRP’s future becomes complex.

Can we expect huge price gains ahead for XRP?

Any bank that processes cross-border payments needs to have enough of the currency of the other country to make sure the payment goes through. If the bank does not have enough, the trade cannot be done and business is harmed as a result.

For example, with Ripple’s technology a transaction between Commbank and a Japanese bank should go through in a matter of seconds. But just say Commbank doesn't have enough Japanese yen for the payment to be made. This is where XRP comes in. In the case that Commbank does not have enough Japanese yen, the bank can draw on a pool of money to ensure the transaction is completed.

That pool of money is XRP. It's one of Ripple's inventions on the blockchain called an escrow facility. It provides a service sort of like an overdraft account. The significance is that Ripple wants to be best placed to do this on a global scale.

Already, dozens of the biggest banks and central banks report that they are either using the Ripple network or are in the process of testing it. Potentially, a majority of the biggest banks on the planet could soon be using XRP to make a lot of international payments. For the price of XRP this could mean strong, stable increases and over a long-term period.

To what extent will the world of international business use XRP?

As of 2017, more than 80% of international transactions are made in US dollars, which makes USD the world’s reserve currency. This can be seen across 100% of the biggest 100 banks and all central banks. It means that as more financial institutions increase their use of XRP in cross-border payments, it brings more competition on the US dollar as the world’s reserve currency.

However, it's hard to imagine a situation where the world’s biggest banks and central banks would use XRP over the US dollar. Based on this, it seems more likely that the technology being developed by Ripple will become widely used, meaning that it's unclear to what extent XRP will be used in cross-border payments.

It should be remembered that the testing phase of Ripple’s blockchain technologies needs an easily-created money supply much like the 100 billion units of XRP. The technology being tested seems to adapt easily to using US dollars or any other currency with large amounts of liquidity.

All this makes looking at XRP’s future price movements very uncertain. What can be confidently said is that in 2017 the total market capitalisation of all cryptocurrencies went from US$20 billion to US$600 billion. Going forward, there is likely to be a similar increase. This will mean that the price of XRP might also rise strongly as more money pours into the market.

Looking at the way XRP is structured, even that is uncertain. There are 100 billion units of XRP. Of that 100 billion, 55% is controlled by Ripple and ready to be used as a pool of money, otherwise known as an escrow facility. It's estimated that 18 billion units of XRP have been released to the market for trading on exchanges and between banks already trading on the Ripple network.

These numbers suggest that Ripple has almost total control over the price of XRP. The only danger to that control may be from a breach in security. However, XRP’s blockchain is reputed to be very secure because Ripple is known to closely manage the support network that helps the blockchain function. This would probably make it very difficult for any market participant to have an unfair influence on XRP’s price.

Because XRP is still being used in the testing phase of Ripple’s blockchain technology, it's likely safe to assume that the price will be kept relatively stable throughout 2018.

However, potential buyers should continue to consult well researched knowledge of Ripple’s Google-backed business and how XRP is used, to decide whether trading XRP could be a potentially fruitful exercise.

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