XRP News

XRP is a digital asset created by Ripple Labs in 2012, designed to facilitate fast, low-cost cross-border payments and serve as a bridge currency between traditional fiat currencies. Unlike Bitcoin's proof-of-work consensus, XRP operates on the XRP Ledger, a decentralized blockchain that uses a unique consensus protocol to validate transactions in seconds rather than minutes.

The XRP ecosystem centers around financial institutions, payment providers, and banks seeking to modernize their cross-border payment infrastructure. Ripple's On-Demand Liquidity service leverages XRP to eliminate the need for pre-funded nostro accounts, while independent developers continue building applications on the XRP Ledger's native decentralized exchange and smart contract capabilities.

At CoinDesk, we provide comprehensive coverage of XRP news, from regulatory developments and institutional adoption to technological upgrades and market analysis. Our reporters track the ongoing legal proceedings between Ripple and the SEC, partnerships with global financial institutions, and the broader implications for cryptocurrency regulation.

DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person.

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.

By Omkar GodboleDec 2, 2024

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.

By Shaurya MalwaNov 29, 2024

Nasdaq futures chalks out golden cross. (Flickr)

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.

By Shaurya MalwaNov 29, 2024

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.

Nov 27, 2024

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.

By Shaurya MalwaNov 26, 2024

Markets

First Mover Americas: Rotation to Altcoins Has Started With Gensler's Exit Date Set

The latest price moves in crypto markets in context for November 22, 2024.

By Krisztian Sandor, Omkar GodboleNov 22, 2024

CoinDesk 20 Index vs. Bitcoin price (CoinDesk)

Markets

Dogecoin, XRP Trading Volumes Flip Bitcoin’s in South Korea

South Korean traders are known for pushing euphoric rallies on tokens, contributing to buying pressure and possibly influencing prices.

By Shaurya MalwaNov 20, 2024

South Korea flag (Daniel Bernard/ Unsplash)

Videos

XRP Price Surges Amid Record Futures Bets; Who Will Be the Next U.S. Treasury Secretary?

XRP surged to a three-year high over the weekend to more than $1.20 with futures bets soaring to record levels. Plus, Polymarket bettors put their money on who the next Treasury Secretary will be. "CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry today.

Nov 18, 2024