Coinbase Wrapped XRP, commonly known as CBXRP, is a tokenized version of Ripple’s XRP that operates on a different blockchain—typically Ethereum or another EVM-compatible network—via a wrapping mechanism. This allows XRP to be used across decentralized finance (DeFi) platforms and exchanges that don’t natively support the original XRP ledger. With growing interest in cross-chain assets, CBXRP has emerged as a notable player in the expanding ecosystem of wrapped tokens.
As of mid-2025, CBXRP continues to attract attention from traders and investors looking for exposure to XRP with enhanced liquidity and interoperability. In this comprehensive guide, we’ll explore the current price dynamics, market performance, investment potential, and practical steps for buying and selling CBXRP—equipping you with everything you need to make informed decisions.
Current Market Overview: CBXRP Price & Key Metrics
As of July 4, 2025, Coinbase Wrapped XRP (CBXRP) is trading at $2.22**, showing moderate stability over the past 24 hours. The price fluctuated between a low of **$2.21 and a high of $2.32, indicating relatively low volatility compared to other altcoins in its category.
- Current Price: $2.22
- 24-Hour Range: $2.21 – $2.32
- Trading Volume: Not publicly disclosed
- Market Cap: $11.52 million
- Market Rank: #1,493 among all cryptocurrencies
With a circulating supply of 5.20 million CBXRP tokens, the asset maintains a limited availability, contributing to its perceived scarcity. The maximum supply remains undefined at this stage, which could influence long-term valuation depending on future issuance policies.
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Understanding Wrapped Tokens: What Is CBXRP?
A wrapped token is a blockchain-based asset that represents another cryptocurrency from a different network. In the case of CBXRP, it's an ERC-20 (or equivalent) token backed 1:1 by real XRP held in reserve, enabling seamless use on platforms that support Ethereum or similar smart contract ecosystems.
This bridging functionality unlocks several advantages:
- DeFi Integration: Use CBXRP in lending protocols, yield farms, and liquidity pools.
- Enhanced Accessibility: Trade on exchanges that don’t list native XRP.
- Faster Settlements: Leverage faster finality times on alternative blockchains.
- Interoperability: Move value across chains without converting into stablecoins.
Despite these benefits, users should remain aware of counterparty risk—the security of the custodian holding the underlying XRP—and potential smart contract vulnerabilities.
Investment Insights: Should You Buy CBXRP?
Investing in CBXRP requires careful evaluation of both technical and fundamental factors.
Market Performance Snapshot
CBXRP reached its all-time high of $2.38 on June 12, 2025**, driven by increased demand during a broader market rally. Conversely, it hit a recent low of **$1.91 on June 23, 2025, amid sector-wide corrections affecting many mid-cap digital assets.
While the current price sits near the upper end of its recent range, the relatively small market cap suggests that CBXRP remains highly sensitive to shifts in sentiment and trading volume. Its ranking at #1,493 reflects niche adoption but also hints at growth potential if integration expands.
Risk vs. Reward Considerations
✅ Pros:
- Backed 1:1 by real XRP
- Enables access to DeFi applications
- Supported on major trading platforms
❌ Cons:
- Dependent on custodial trust model
- Lower liquidity than native XRP
- Regulatory uncertainty around wrapped assets
Before investing, assess your risk tolerance and conduct independent research. Always diversify your portfolio and avoid allocating more than you can afford to lose.
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How to Buy Coinbase Wrapped XRP (CBXRP)
Purchasing CBXRP is straightforward through supported exchanges. Here’s a step-by-step guide:
Step 1: Choose a Reputable Exchange
Ensure the platform lists CBXRP and supports your preferred deposit method (fiat or crypto).
Step 2: Create and Verify Your Account
Complete identity verification (KYC) to unlock full trading capabilities and comply with regulatory standards.
Step 3: Deposit Funds
You can fund your account via:
- Bank transfer or card payment (fiat)
- Transfer of existing cryptocurrencies like USDT or ETH
Step 4: Place Your Order
Navigate to the CBXRP trading pair (e.g., CBXRP/USDT). Choose between:
- Market Order: Buy instantly at the current price (~$2.22)
- Limit Order: Set your desired purchase price below the current rate
Once executed, your CBXRP will appear in your exchange wallet.
Step 5: Secure Your Holdings
For long-term storage, transfer your tokens to a non-custodial wallet like MetaMask or Trust Wallet to maintain full control.
How to Sell CBXRP
Selling follows a nearly identical process:
- Log into your exchange account
- Go to the CBXRP trading page
- Select “Sell” and choose between market or limit order
- Confirm the transaction
- Withdraw proceeds to your bank account or convert into another digital asset
Timing your exit based on price trends and market news can help maximize returns.
Frequently Asked Questions (FAQ)
What is the current price of Coinbase Wrapped XRP?
As of July 4, 2025, one CBXRP trades at $2.22, with minor fluctuations within a $2.21–$2.32 range over the last 24 hours.
Is CBXRP the same as XRP?
No. While CBXRP represents XRP on another blockchain (often Ethereum), it is not identical. Native XRP runs on the Ripple network, whereas CBXRP is a wrapped version designed for cross-chain compatibility.
Where can I buy CBXRP safely?
CBXRP is available on select exchanges that support wrapped tokens. Ensure the platform offers strong security measures, transparent reserves, and positive user reviews before trading.
Does CBXRP have a fixed supply?
The circulating supply is 5.20 million, but the maximum supply is not yet defined. Future changes may occur based on custodial policies or network upgrades.
Can I stake CBXRP for yield?
Currently, direct staking options for CBXRP are limited. However, some DeFi protocols allow you to provide liquidity using CBXRP pairs, potentially earning rewards in return.
How does wrapping affect token security?
Wrapping introduces custodial risk since a third party must hold the original XRP. Always verify whether reserves are audited and transparently reported.
Final Thoughts: The Future of Wrapped Assets
As blockchain interoperability becomes increasingly vital, wrapped tokens like CBXRP play a crucial role in connecting isolated ecosystems. While they offer flexibility and expanded utility, investors must weigh convenience against reliance on centralized custodians.
For those interested in XRP’s potential without being restricted by chain-specific limitations, CBXRP presents a viable pathway—especially when traded responsibly and stored securely.