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.

Finance

Ripple's XRP Drops 5% After Executive Is Hacked, Sparking Rumors of Network Breach

Ripple Executive Chairman Chris Larsen said the stolen funds all came from his "personal XRP accounts" in response to a report from blockchain analyst ZachXBT.

By Oliver Knight, Sam KesslerJan 31, 2024

Tech

Ripple's David Schwartz Talks 'Bottom-Up Growth' on XRP Ledger, Rebuts Critics: Q&A

Schwartz spoke to The Protocol about the aftermath of Ripple's SEC win, his method for dealing with XRP's rabid fanbase, the XRP Ledger's controversial approach to centralization, and more.

By Sam Kessler, Bradley KeounJan 24, 2024

Ripple Labs CTO David Schwartz sat down with The Protocol for a wide-ranging interview on XRP, the SEC and more. (Ripple)

Tech

In Failed Bitfinex Exploit Attempt, Billions in XRP Moved

The failed token transfers spooked some market watchers as they amounted to nearly half of XRP’s $30 billion market capitalization.

By Shaurya MalwaJan 15, 2024

A pair of spectacles sits on a tabletop in front of a bank of screens. (Kevin Ku/Unsplash)

Markets

Solana Leapfrogs XRP as Fifth-Largest Crypto, Spurred by Meme Coin Mania

SOL is trading at a 20-month high on the back of a bustling DeFi ecosystem and meme coin mania.

By Oliver KnightDec 20, 2023

Consensus Magazine

La Vaun: Envisioning Brad Garlinghouse as 'This Strategic Commander'

The artist made an NFT of the Ripple Labs CEO for our Most Influential package.

By CoinDeskDec 4, 2023

Consensus Magazine

Analisa Torres: The Judge Who Gave Ripple and XRP Hope

The U.S. District judge's partial ruling in favor of Ripple regarding XRP could create a precedent the crypto industry can come back to over and over.

By Nikhilesh DeDec 4, 2023

Judge Analisa Torres (Mason Webb/CoinDesk)

Consensus Magazine

Brad Garlinghouse Is 2023's Comeback King With XRP's Win Over SEC

Ripple's CEO emerged triumphant this year in legal cases with big implications for crypto's future. He couldn't have done it without the XRP Army.

By Jeff WilserDec 4, 2023

Videos

Fake BlackRock XRP Filing Reported to Delaware Department of Justice

Delaware's Department of Justice may be investigating a fake filing Monday that suggested asset management giant BlackRock was prepping the launch of a spot XRP exchange-traded fund (ETF). CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the details.

Nov 15, 2023