XRP is the native digital asset of the XRP Ledger (XRPL), an open-source, public blockchain developed by Ripple Labs and launched in 2012. Unlike proof-of-work or proof-of-stake chains, the XRPL uses a federated consensus mechanism in which a network of trusted validators must agree on transaction validity. This design enables settlement finality in three to five seconds at a fraction of a cent per transaction, making it one of the faster and cheaper public ledgers in production.<\/p>\n
Ripple, the company, uses XRP primarily to facilitate cross-border payment flows through its On-Demand Liquidity (ODL) product, where XRP serves as a bridge currency between fiat pairs. Price activity in XRP is heavily influenced by Ripple’s commercial partnerships with financial institutions, regulatory developments \u2014 particularly its prolonged litigation with the U.S. Securities and Exchange Commission \u2014 and broader risk sentiment in crypto markets. The SEC lawsuit, filed in December 2020 and partially resolved in 2023, established that XRP sales on secondary markets do not constitute securities transactions under U.S. law, a ruling with significant industry implications.<\/p>\n","protected":false},"excerpt":{"rendered":"
XRP is the native digital asset of the XRP Ledger (XRPL), an open-source, public blockchain developed by Ripple Labs and launched in 2012. Unlike proof-of-work or proof-of-stake chains, the XRPL uses a federated consensus mechanism in which a network of trusted validators must agree on transaction validity. This design enables settlement finality in three to \u2026<\/p>\n","protected":false},"featured_media":0,"template":"","meta":{"tmp_coingecko_id":"ripple","tmp_symbol":"XRP","tmp_rank":0,"tmp_chain":"","tmp_ticker":"","tmp_pair":"","tmp_yahoo_symbol":"","tmp_faq":"[{\"q\":\"What is XRP used for?\",\"a\":\"XRP is primarily used as a bridge currency in Ripple's cross-border payment network. Financial institutions using Ripple's On-Demand Liquidity product can source XRP to move value between currency corridors without pre-funding accounts in the destination currency.\"},{\"q\":\"How does the XRP Ledger reach consensus?\",\"a\":\"The XRP Ledger uses a Federated Byzantine Agreement model. Each node maintains a Unique Node List of validators it trusts. Transactions are confirmed when a supermajority of trusted validators agree on the same ledger state, typically in under five seconds without mining.\"},{\"q\":\"What was the outcome of the Ripple vs. SEC lawsuit?\",\"a\":\"In July 2023, a U.S. federal court ruled that XRP sold on public exchanges does not constitute a security under the Howey test, while institutional direct sales by Ripple were found to be unregistered securities offerings. The partial ruling was significant for the broader crypto industry.\"},{\"q\":\"Is XRP a safe investment?\",\"a\":\"XRP, like all crypto assets, carries significant volatility risk. Its price can move sharply on regulatory news or market sentiment. Past performance does not predict future results. Nothing here is financial advice u2014 conduct independent research and consult a qualified professional before investing.\"}]"},"class_list":["post-1000036","coin","type-coin","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/dev.themarketperiodical.com\/fr\/wp-json\/wp\/v2\/coin\/1000036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.themarketperiodical.com\/fr\/wp-json\/wp\/v2\/coin"}],"about":[{"href":"https:\/\/dev.themarketperiodical.com\/fr\/wp-json\/wp\/v2\/types\/coin"}],"wp:attachment":[{"href":"https:\/\/dev.themarketperiodical.com\/fr\/wp-json\/wp\/v2\/media?parent=1000036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}