About XRP
XRP is the native asset of the XRP Ledger (XRPL), an open-source, decentralized blockchain launched in 2012 by David Schwartz, Jed McCaleb, and Arthur Britto. The XRPL was designed as a settlement layer for cross-border payments, capable of moving value between currencies in three to five seconds at fractional-cent cost. Ripple Labs, the company that helped create XRPL, uses XRP within its on-demand liquidity product to bridge fiat currencies for banks and remittance providers.
The XRP Ledger uses a unique federated consensus protocol rather than proof-of-work or proof-of-stake. A network of independently-operated validators agree on the order of transactions every few seconds, producing deterministic finality without mining. XRP has a fixed total supply of 100 billion tokens, all created at genesis. A small amount of XRP is burned with every transaction as a spam-prevention fee, and a portion of the original supply is held in escrow and released on a monthly schedule.
The XRPL ecosystem includes a native decentralized exchange, automated market makers, NFT support, and a growing roster of payment-focused integrations. Ripple Labs partners with banks, payment providers, and central banks on cross-border settlement, CBDC pilots, and tokenisation. After a multi-year SEC lawsuit largely resolved in XRP's favour in 2023, exchange listings expanded again in the United States, and an active developer community continues to ship XLS standards, sidechains, and EVM-compatible extensions.
Crypto Market Watch tracks the live XRP price ranked #5 by market capitalisation, 24-hour and 7-day price changes, market capitalisation, trading volume, circulating supply, and all-time highs and lows on this page. Data refreshes continuously throughout the trading day so investors can monitor XRP market activity in real time.
