XRP is a digital asset designed for fast, low-cost global payments and serves as the native cryptocurrency of the XRP Ledger, a decentralized, open-source blockchain created by Jed McCaleb, Arthur Britto, and David Schwartz. As of January 2025, XRP is the third largest cryptocurrency by market capitalization, after Bitcoin and Ethereum, according to CoinGecko.

What is XRP?

Launched in 2012 alongside the Ripple Network, XRP has a maximum supply of 100 million coins and reached its last all-time high of $3.40 on January 7, 2018.

Unlike Bitcoin, which acts as a decentralized store of value or digital gold, XRP was developed specifically to facilitate efficient cross-border transactions, particularly for financial institutions and payment providers.

While Ripple (originally Ripple Labs) leverages XRP in some of its payment solutions, and plays a key role in its ecosystem, the XRP Ledger operates independently as a decentralized Go to Source to See Full Article
Author: Jason Nelson,Matt Hussey