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 Surges 7% Amid Ripple-SEC Settlement Hopes, $600M Token Unlock

XRP trading activity is heightening in South Korea, where traders tend to get euphoric about rallying tokens.

By Sam Reynolds, Shaurya MalwaJul 31, 2024

XRP took off while other cryptos flatlined. (SpaceX/Unsplash)

Markets

Ripple Settlement Hopes Pushed XRP Volumes Above Bitcoin on S. Korean Exchanges This Week

XRP accounted for almost 40% of all trading activity on top Korean exchanges from Tuesday to Thursday and prices surged.

By Shaurya MalwaJul 19, 2024

Videos

XRP Surges 15% on the Back of Triangle Pattern

XRP surged more than 15% in the past 24 hours, extending the token’s seven-day gains to around 40%, making it the best-performing major, despite favorable regulatory developments for ether and demand for meme coins. Gains in the token started last week as traditional futures powerhouses CME and CF Benchmarks announced the debut of indices and reference rates for XRP. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."

Jul 17, 2024

Markets

XRP Surges 12% on the Back of Triangle Pattern, Rising Futures Bets Favor Bullish Price Moves Ahead

Open interest in XRP-tracked futures has nearly doubled over the past seven days, which is indicative of traders’ expectations of price volatility ahead.

By Shaurya MalwaJul 17, 2024

Markets

Bitcoin Hits $65K Shaking Off Mt. Gox Payout Worries; XRP Leads Crypto Rally

The Mt. Gox distribution will not end the bullish trend, CryptoQuant's CEO noted.

By Krisztian SandorJul 16, 2024

Policy

Ripple’s Big Court Win Nonetheless Muddied Waters on Whether XRP Is a Security Deserving Tougher Regulation

In a near-vacuum of legal and regulatory clarity for crypto, district judges’ opinions on whether a given token is a security or not – which determines the level of regulation – can vary from court to court.

By Cheyenne LigonJun 28, 2024