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.

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

Brad Garlinghouse, CEO of Ripple, speaks at Consensus 2024. (Shutterstock/CoinDesk)

Policy

Taiwan Crypto Advocacy Body Becomes Formally Active With 24 Entities

The body will act as a bridge between the private sector and the government in supervising the industry.

By Amitoj SinghJun 14, 2024

Markets

Ripple's Brad Garlinghouse Foresees XRP, Solana, Cardano ETFs: Consensus 2024

It's only a matter of time, the CEO of Ripple said on stage at Consensus 2024 in Austin.

By Sam ReynoldsMay 30, 2024

Markets

SOL, XRP Could Be Possible Candidates for ETFs, Standard Chartered Says

Standard Chartered analyst Geoffrey Kendric said that those exchange-traded funds could be on the horizon in 2025.

By Helene BraunMay 24, 2024

Scrabble letters spelling ETF arranged a rack

Policy

Ripple Says $10M Penalty Enough, Rejects SEC’s Ask of $1.95B Fine in Final Judgment

The court had found Ripple violated federal securities laws by making institutional sales of XRP but dismissed other allegations brought by the SEC.

By Amitoj SinghApr 23, 2024

Ripple ad in Washington's Union Station (Nikhilesh De/CoinDesk)

Opinion

What Does Ripple’s Stablecoin Mean for XRP?

XRP has plenty of internet fans but Ripple has struggled to win real enterprise customers. Will its new stablecoin fill the gap and overshadow its existing token?

By Daniel KuhnApr 4, 2024