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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.

XRP News

Markets

Market Wrap: Bitcoin Rally Strengthens as Trader Sentiment Improves

BTC gained 6% in the past 24 hours, although trading volume remained low.

By Damanick Dantes, Angelique Chen

(Sebastian Grochowicz, Unsplash)

Markets

XRP Leads Gains in Major Cryptos, Bitcoin Holds Above $42K

Stronger-than-expected U.S. jobs data and bitcoin adoption by two major credit unions supported a price recovery, analysts said.

By Shaurya Malwa

Bitcoin broke above resistance amid several positive catalysts. (TradingView)

Markets

Shiba Inu's SHIB Rockets 26%, Leads Meme Coin Gains

Several dog-themed tokens were the top gainers on Monday amid a recovery in the broader crypto market.

By Shaurya Malwa

shiba-inu-4158782_1920
Videos

XRP Rises as Ripple Announces $200M Share Buyback

Blockchain payments company Ripple has announced it bought back $200 million worth of its Series C shares initially issued in December 2019, bringing the firm's total valuation to $15 billion. The native XRP cryptocurrency climbed 3.8% on the news Wednesday morning. "The Hash" discusses the latest in the world of Ripple amid an ongoing regulatory battle with the SEC.

Recent Videos

Markets

Digital Asset Funds Hit by Record Weekly Outflows of $207M

Bitcoin-focused investment funds saw $107 million in outflows over the seven-day period.

By Lyllah Ledesma

Investment funds focused on bitcoin saw outflows of $107 million during the seven-day period, according to a report published Monday by CoinShares.

Markets

Bitcoin Falls Below $43K, Leads to $800M in Crypto Liquidations

Over 87% of losses arose from crypto traders in long positions.

By Shaurya Malwa

Bitcoin broke below the $46,000 support level on Wednesday. (TradingView)

Tech

The Tragedy of the Third Coin

As crypto moves increasingly mainstream, many retail investors seek an alternative to bitcoin and ethereum.

By Paul J. Dylan-Ennis

(Say Cheeze Studios/Unsplash, modified by CoinDesk)

Finance

XRP Gets Wrapped by Tokensoft for Ethereum DeFi Debut

Tokensoft’s Wrapped is now taking a multi-custodial approach, having partnered with Hex Trust on wXRP.

By Ian Allison

Wrapped assets can live away from their native blockchains. (Kari Shea/Unsplash)

Finance

Ripple Launches $250M NFT Fund

Creators, brands and marketplaces will be given support to explore how the XRP Ledger’s speed and cost can support new use cases for NFTs.

By Jamie Crawley

Water ripple. (Credit: Shutterstock)

Policy

Judge Denies Ripple’s Motion to Have SEC Employees’ Crypto Transactions Disclosed

Ripple Labs has been petitioning the SEC for employees’ trading records since early July.

By Cheyenne Ligon

Ripple CEO Brad Garlinghouse (CoinDesk archives)
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Latest Crypto News

Positive
Ripple adds XRP payments to Stripe and Tempo’s AI standard in new developer kit
The update expands support for automated payments in XRP and RLUSD, with tools that let agents pay repeatedly for services and manage wallets across blockchains.
Negative
BTC0.00%
U.S. diesel prices hit record high as bitcoin and gold struggle
Record diesel prices could feed through to consumer price inflation, confirming more Fed rate hikes. The central bank appears determined to raise rates into a oil supply shock.
Positive
Zcash jumps 23% as bitcoin and major tokens rise despite Fed’s first hike since 2023
Bitcoin traded above $76,000 as the Fed projected limited further tightening, while Paradigm’s Matt Huang discussed Zcash’s role as a privacy complement to bitcoin.
Neutral
Goldman pivots, now forecasts Fed rate hike in October
The Fed is likely to raise rates by 25 basis points in October, Goldman said, drawing attention to Fed's own hawkish near term rate projections.

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