XRP

XRP is a digital asset and cryptocurrency that was created by Ripple Labs Inc., a technology company specializing in the real-time gross settlement system, currency exchange, and remittance network. XRP operates on an open-source and peer-to-peer decentralized platform that allows for a seamless transfer of money in any form, be it USD, Yen, litecoin, or bitcoin. XRP is often used by Ripple's payment ecosystem, RippleNet, and is increasingly adopted by banks and payment networks as settlement infrastructure technology. As a bridge currency, XRP also provides liquidity for instant cross-border transactions.


Finance

Corporate Bitcoin Treasuries Are All the Rage. Now XRP?

Worksport, a Nasdaq-listed manufacturer of covers for pickup trucks, has decided to not only buy bitcoin for its corporate treasury, but also Ripple's XRP.

A Worksport factory

Markets

XRP Account Fees Fall by 90% After XRPL Validator Vote

Account Reserve has shifted to 1 XRP from 10 XRP, and creation fees for trustlines or objects is down to 0.2 XRP from 2 XRP.

(Shutterstock)

Markets

Move Over XRP's Korea Narrative, The 400% Price Rally Has Support of Coinbase Whales

While Korean investors have contributed to XRP's impressive 30-day price surge of over 400% to $2.60, they're not the only game in town.

BTC in stasis ahead of the jobs report (AhmadArdity/Pixabay)

Markets

XRP Records Highest Ever ‘Whale’ Activity as 7-Day Price Gains Near 100%

Whales can move markets with their buying or selling pressure, and tracking this can indicate their market sentiment.

ETH ICO whale becomes active. (Pexels/Pixabay)

Videos

XRP Surges 380% in One Month, Flipping Tether to Become Third Largest Crypto

XRP, the payments-focused cryptocurrency, has skyrocketed over 380% in the last 30 days. This comes as bitcoin struggles to cross $100,000 amid faltering bitcoin dominance. CoinDesk's Christine Lee presents the "Chart of the Day."

XRP Surges 380% in One Month, Flipping Tether to Become Third Largest Crypto

Markets

XRP Replaces Tether as 3rd-Largest Cryptocurrency While BTC Faces $384M Sell Wall

XRP has surged more than 20% in 24 hours, leapfrogging Tether's USDT.

Table of cryptocurrencies arranged by market capitalization. (Coingecko)

Markets

XRP Surges 14%, Nears $1.70 Level Last Seen in April 2021

XRP surged 14% in the past 24 hours, outpacing bitcoin and other majors, extending a month-long run that has seen its price triple.

photo of a bull statue

Markets

XRP Outperforms Crypto Majors as Japan Yen Strength Signals Bitcoin Trouble

Yen breached the key 150 level against dollars early Friday, a move that has previously catalyzed the unwinding of carry trades.

(Wesley Tingey/Unsplash)

Videos

XRP Hodlers Win $1.5B in Weekly Profits, Morocco to Legalize Crypto

XRP long-term holders made a weekly gain of $1.5B in profits, while Ripple Labs injects $25 million in the next U.S. election cycle. Plus, Tornado Cash wins a major legal victory and Morocco is preparing to legalize cryptocurrencies. "CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry today.

XRP Hodlers Win $1.5B in Weekly Profits, Morocco to Legalize Crypto

Markets

XRP Holds Strong as Archax Unveils Tokenized Money Market Fund on XRP Ledger

Ripple will allocate $5 million into tokens on Abrdn’s Lux fund, part of a larger allocation to real-world assets (RWAs) on the XRPL.

(Shutterstock)