XRP XRP
Rank #5 by market cap
Last 7 days
▼9.30%What XRP is
XRP is the native asset of the XRP Ledger, a payment network that launched in 2012 and is closely associated with the company Ripple. It was built for one purpose: moving value between currencies quickly and cheaply, with transactions settling in seconds for a fraction of a cent.
The ledger does not use mining. A set of validators run by universities, exchanges and businesses agree on transaction order through a consensus protocol, which is why it is fast and uses very little energy.
Two things are worth understanding plainly. The entire supply was created at launch rather than mined, and Ripple holds a large portion in escrow, releasing it on a schedule — so supply dynamics depend heavily on one company's decisions. And in 2020 the SEC sued Ripple, alleging XRP was sold as an unregistered security; a 2023 ruling found that programmatic sales on exchanges were not securities transactions while institutional sales were, a split outcome that shaped how the whole industry now talks about token distribution.
About the asset
XRP has no token contract — it is the native asset of its own chain, not a token issued on someone else's.
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XRP data synced 3m ago from CoinGecko. Figures shown in USD. This page is market information, not financial advice — and nothing here is a recommendation to buy or sell XRP.