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.

Policy

SEC Causing ‘Confusion’ Over Digital Currencies in Legal Case With Ripple: WSJ Editorial Board

Regulators are “creating danger” for investors in their inconsistent approach to determining how to treat cryptocurrencies.

By Jamie CrawleyApr 19, 2021

Videos

Asian DeFi Picks Up Steam; Hong Kong Scammers Use Crypto as Bait

The DeFi wave continues to rise in Asia: XRP dives deeper into DeFi with Wanchain integration while a top bank in Thailand ventures into the nascent ecosystem and more cases of online fraud are found in Hong Kong. The suspects are believed to have used false promises of crypto investments to lure their victims.

Apr 12, 2021

Markets

Bitcoin Dominance at 2-Year Low as XRP, Binance's BNB Rally

Bitcoin prices have doubled this year, but several major altcoins have risen by many multiples.

By Sebastian SinclairApr 12, 2021

Markets

XRP Doubles in 7 Days, Heads for Biggest Weekly Gain Since December 2017

The token used in Ripple Labs' payment network has climbed sixfold this year as some traders look through the SEC case and analysts see bullish patterns in price charts.

By Bradley KeounApr 11, 2021

Markets

Market Wrap: Bitcoin Stuck Around $58K; Monthly Volatility Drops to 3-Month Low

Bitcoin’s struggle to retest a key resistance level at $60,000 has “dampened” market sentiment, said one trader.

By Muyao ShenApr 9, 2021

Markets

XRP's Price Can Go ‘Boatload’ Higher: Veteran Analyst Peter Brandt

XRP has rallied by over 50% so far this week, for a market value of $37 billion.

By Omkar GodboleApr 9, 2021

Does the XRP chart look like an inverted head and shoulders?

Markets

Ripple CTO: ‘All the Evidence’ Suggests XRP and Bitcoin Are Similar, Contrary to SEC

David Schwartz also suggested rumors of a Coinbase relisting of XRP could account for the crypto’s recent rally.

By Jamie CrawleyApr 7, 2021

Ripple Chief Technology Officer David Schwartz

Videos

Ripple Granted Access to SEC Documents on Bitcoin, Ether in Ongoing XRP Fight

Ripple is granted access to U.S. Securities and Exchange Commission (SEC) documents on bitcoin and ether. CoinDesk Managing Editor Nikhilesh De explains the latest legal woes for XRP and how these documents might help in the ongoing battle with the SEC.

Apr 7, 2021

Videos

Ripple CTO: The Market Considers XRP to Be Similar to Bitcoin and Ether

Ripple CTO David Schwartz joins "First Mover" for a wide-ranging discussion about Ripple and XRP while the company is in the midst of an SEC lawsuit. On the latest news that Ripple has gained access to certain SEC documents, Schwartz comments on what the company hopes to accomplish. With XRP bouncing above $1 for the first time since March 2018, he also clears up some common misconceptions about Ripple, the company, and XRP, the ledger and token.

Apr 7, 2021

Markets