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 Spikes 8% as Grayscale Launches XRP Trust in the U.S.

The closed-end fund will offer investors exposure to XRP tokens.

By Shaurya MalwaSep 12, 2024

Markets

Ripple Will Soon Add Ethereum Compatible Smart Contracts to XRP Ledger

The contracts will exist on a sidechain built on XRPL, developers said in a Tuesday post.

By Shaurya MalwaSep 3, 2024

Ripple CEO Brad Garlinghouse (Scott Moore/Shutterstock/CoinDesk)

Markets

Bitcoin Price Falls Below $59K Amid Broad Market Rout; Ether Slumps Almost 10%

Bitcoin hit the lowest price since Aug. 19. It was not immediately clear what sparked the sell-off.

By Nikhilesh De, Krisztian SandorAug 27, 2024

Markets

Bitcoin Pops Over $61K, XRP Leads Gains Among Majors

Some traders expect market movements nearer to Friday when Federal Reserve chair Jerome Powell is scheduled to speak at the Jackson Hole symposium.

By Shaurya Malwa, Sam ReynoldsAug 20, 2024

Markets

XRP Bullish Options' Popularity Jump May Be Due to ETF Speculation, Observers Say

Traders have locked in over $2 million in XRP's $1.10 call option listed on Deribit, the highest across all available maturities.

By Omkar GodboleAug 12, 2024

Markets

Here's Why XRP Whales May Prefer U.S. Exchanges Over Offshore Venues

Order books on U.S. exchanges offer more liquidity than their offshore counterparts, according to CCData.

By Omkar GodboleAug 9, 2024

XRP's market depth on U.S. and offshore exchanges. (CCData)

Markets

Bitcoin Nears $60K as Crypto Bounce Accelerates, but Recovery Might Be Choppy

While the crypto rally was broad-based, with ETH, SOL, NEAR gaining 8%-10%, prices rarely go up in a straight line following major capitulation events such as Monday's crash, one observer noted.

By Krisztian SandorAug 8, 2024

Videos

XRP Surges as Ripple-SEC Case Ends

A federal judge ordered Ripple to pay $125 million in civil penalties and imposed an injunction against future securities law violations, ending the long-running SEC case against the platform. XRP, the native token of Ripple, surged nearly 20% on the news, leading market-wide gains. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."

Aug 8, 2024