About XRP
XRP is the native asset of the XRP Ledger, built for fast settlement and cross-border payments. Its price is closely tied to adoption news and regulatory developments.
What moves the XRP price
- Regulatory outcomes and legal news.
- Payment-network partnerships and usage.
- Exchange listings and liquidity.
- Overall crypto market direction.
Payments and the Ripple connection
XRP is the native asset of the XRP Ledger, designed for fast, low-cost transfers and used by Ripple, the company associated with its creators, as a bridge currency in cross-border payment products. Ripple holds a large amount of XRP, much of it in escrow, and its periodic sales and escrow releases are watched by traders as a source of supply.
Regulation shaped the market
XRP's price has been unusually sensitive to US regulation. The SEC sued Ripple in December 2020, alleging XRP sales were unregistered securities offerings, and many US platforms delisted the token. A July 2023 court ruling that programmatic exchange sales were not securities offerings triggered a sharp rally, and the case was later wound down. Legal clarity, bank partnerships and ETF products remain key drivers.
Key facts
| Launched | XRP Ledger, 2012 |
|---|---|
| Consensus | XRP Ledger consensus protocol (no mining or staking) |
| Total supply | 100 billion XRP created at launch; no new issuance |
| Settlement time | About 3 to 5 seconds |
| Escrow | Much of Ripple's holding is locked in escrow and released in monthly tranches |
Crypto trades 24/7 on many exchanges, so prices vary slightly between venues.
XRP FAQ
What moves the price of XRP?
Regulatory outcomes and legal news. Payment-network partnerships and usage. Exchange listings and liquidity. Overall crypto market direction.
Does XRP trade 24/7?
Yes. XRP trades around the clock on many exchanges worldwide, so prices differ slightly between venues and liquidity is usually thinner at weekends.
Where does the XRP data on this page come from?
The chart and technical gauge use the BINANCE:XRPUSDT pair via TradingView; market cap, supply and 24-hour data come from CoinGecko and refresh about every 15 minutes.
Can new XRP be created?
No. All 100 billion XRP were created when the ledger launched; a tiny amount is destroyed with each transaction fee, so supply slowly shrinks.
Is XRP mined?
No. The XRP Ledger reaches agreement through a consensus protocol among validators, without mining or staking rewards.