How Long Does XRP Take To Transfer?

This guide explains how long XRP takes to transfer between wallets, whether it is possible to increase the transfer speed, and what can affect the speed of XRP transactions.
Kevin Groves
Posted by: Kevin GrovesUpdated Sep 27th, 2023

Key Takeaways:

  • On average, XRP transactions can be completed between 5 to 7 seconds. If the blockchain network is heavily congested with traffic, transaction speeds may take between 30 minutes to 2 hours.
  • According to its whitepaper, the Ripple network is capable of processing 1,500 Transactions Per Second (TPS).
  • Transactions made on the Ripple network are significantly faster than those made on the Ethereum network.

How Long Does It Take To Send XRP?

According to David Schwartz, the CTO of the Ripple Network, the time taken from when the XRP ledger broadcasts the transaction to confirm takes 5 to 7 seconds. The official whitepaper states that XRP can conduct 1500 transactions per second. The 3-5 second limit is set for the average ledger settlement. The actual time taken for the XRP to be transferred from an exchange to the wallet largely depends on blockchain usage and specific cryptocurrency exchange.

What Is XRP?

XRP is the native cryptocurrency of the XRP Blockchain. The Ripple Foundation conceived the Ripple Blockchain as a way to facilitate crypto transfer on a global scale but without high fees. According to the founders, “Ripple was designed as a replacement for SWIFT or another settlement layer between the financial institutions.”. After the launch, XRP quickly became one of the leading cryptos in the market, spearheading many bull runs. To learn how to buy XRP, skip ahead to this guide.

what is XRPwhat is XRP

What Affects The XRP Transfer Speed?

Two factors impact the speed to send XRP across the blockchain:

  • Network Congestion. Network congestion is common nowadays since the blockchain has become so prevalent. During Network Congestion, many transactions must possess, which often slows down the transaction speeds. Reportedly, the transaction speeds for XRP can go up from 30 minutes to 2 hours.
  • Wallet address. The second factor that can immensely impact XRP transfers is the wallet address. Sending XRP between wallets is based on the trust of two parties and doesn’t involve confirmation. However, some centralized exchanges require confirmations, which can slow down the transfer speed. That said, it doesn’t impact XRP much, for no confirmations are needed in most platforms that it is listed.

How Does An XRP Transaction Work?

In the case of the Proof of Work and Proof of Stake consensus mechanism, a consensus has to be made as to whether verify or block a transaction. XRP, however, follows relies on a unique node list. This is essentially a centralized network in which Ripple Labs set up some validators that they completely trust. The majority of these individuals get to decide what gets added to the blockchain and what is removed from it. It means that instead of the Work or Staking feature, the majority rule of their trusted sources is applied to confirm the transactions and secure the network.

These individuals – validators – are spread around the globe and share the XRP ledger. Each of these validators must follow the rules set up by the RTXP. Companies who desire to access this network make use of Gateways which are run by banks and act as an entry point for people from outside the network. It is akin to how a credit card company is integrated with the banking system. Thus, this particular system provides users with the Internet of Value or RippleNet.

At the core of this system lies the XRP, the cryptocurrency issued to the banks who want to use the Ripple Network. Banks who wish to transfer large sums of money but don’t want to use intermediaries can choose to transform them into XRP holdings and move them over the XRP ledger blockchain to the blockchain.

The receiving bank doesn’t need to use the XRP to receive the payment. They can choose to open the IOU tabs. But unlike an IOU, XRP is an asset. However, IOUs are always used in tandem with the XRP for the following reasons.

  • XRP is a cryptocurrency that has only grown volatile over the years, thanks to the recent backlash by the SEC.
  • IOU is more trusted by banks; it acts as a written liability that the party has to pay off in time.

Are XRP Transfers Instant?

XRP Ledger is one of the fastest blockchains for processing transactions. The unique underlying architect of this blockchain allows the crypto to cut through much of the network congestion and keep the transfer quick and affordable. That said, the transfer is not instant. While it does cut through much of the network congestion, it does have some impact on its speeds. However, despite those issues, the transfer speeds of XRP for payment settlement between institutions are extraordinarily fast.

Why Can XRP Transactions Take Longer?

The reason for this speed lies in XRPL using a consensus protocol. Designed servers are known as the validators agree in a particular order, leading to XRP transactions’ outcome every 3-5 seconds. If the XRP transfer takes longer than this, it might be because of the following three reasons:

  • The network hasn’t received the transaction: If the transaction hasn’t been sent to the network, it goes into standby mode and waits for the transaction to arrive. For instance, if a cryptocurrency exchange takes time to transfer the transaction to the ledger, it won’t be able to recognize it soon.
  • The transaction pays a minimum fee: While the CRP ledger is designed to facilitate high transaction speeds at lower speeds, raising the transaction fee is important to deal with congestion. If the exchange has applied minimum fees to the transaction, it will result in lower speeds.
  • The transaction hasn’t been detected by the network yet: Sometimes, the XRP ledger takes time to detect the transactions done on the cryptocurrency exchange. It happens due to the exchanges checking the transactions periodically before verifying and pushing them through.

However, that speed is limited to the transactions done on the XRP ledger blockchain. The speed of withdrawing XRP from is another story. The official website states that automated XRP withdrawals take at most 2 hours to be processed.

How Many Confirmations Are Required For XRP?

The number of confirmations required for XRP transfer depends upon the wallet providers and the crypto exchanges. Most crypto exchanges, since they are governed by regulated, centralized bodies, take the most number of confirmations, while personalized wallets don’t. In the case of XRP, exchanges such as requires 1 confirmation only. On the other hand, Kraken does not require any confirmations.

Frequently Asked Questions

The primary reason that XRP is fast is that it uses a Unique Node list that gives quick access to a trusted group of validators to process the transaction – mostly regulated financial institutions. These validators have access to a centralized ledger and don’t require any Proof of Stake or Proof of Work protocols that can face lengthy delays for various reasons.

XRP is already one of the fastest blockchains around. However, if the congestion slows down the speed of transfer, users can increase the transaction speed by upping the transaction fees marginally.

XRP is exponentially faster than Bitcoin. XRP has a transaction speed of 1500 TPS compared to a transaction speed of 4 to 5 TPS on the Bitcoin network. This equates to a speed of approximately 3 to 5 seconds (XRP) and 30 to 60 minutes (BTC). For more information on why it takes Bitcoin so long to transfer, read this article.

Yes, XRP is much faster than Ethereum. One of the primary reasons that XRP was conceived was to address the biggest weakness of the Ethereum blockchain and make the transaction speeds faster and the transaction fees lower. As a result, the XRP ledger is not much susceptible to network congestions. And while the transfer speeds can drop in some instances, users can put them back on track again by increasing the transaction fee or in some other way. For more information, read this article on how long it takes to transfer Ethereum.


XRP is the native crypto of a unique blockchain designed to aid financial institutes in facilitating global transactions with their customers. However, because of the recent case against Ripple, XRP has been removed from many cryptocurrency exchanges, including KuCoin and Coinbase.

That said, the transfer speeds of XRP to send between supported crypto exchanges and wallets are lightning-fast. They don’t require any confirmations (most of the time) – which also plays a huge role. However, the transaction fee has to be increased if a user wants to accelerate the transfer speed even more during network congestion.

Kevin GrovesKevin GrovesKevin Groves

Kevin started in the cryptocurrency space in 2016 and began investing in Bitcoin before exclusively trading digital currencies on various brokers, exchanges and trading platforms. He started HedgewithCrypto to publish informative guides about Bitcoin and share his experiences with using a variety of crypto exchanges around the world.

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