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

Market Wrap: Bitcoin Stays in Tight Range but Gains Dominance as XRP Crumbles

With XRP’s sell-off, bitcoin’s dominance increases. However, the derivatives market hints at more volatility ahead for the world's leading cryptocurrency.

By Lawrence LewitinnDec 24, 2020

Bitcoin will not be calling "checkmate" anytime soon.

Finance

Coinbase, Other Big Exchanges 'Between Rock and a Hard Place' on Delisting XRP

The question of whether or not to delist XRP isn’t a black-and-white one for crypto exchanges.

By Nikhilesh DeDec 24, 2020

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Finance

Bitwise Liquidates XRP Position in Crypto Index Fund Following SEC Suit Against Ripple

Crypto money manager Bitwise has liquidated $9.3 million worth of XRP in its crypto index fund.

By Nate DiCamilloDec 23, 2020

Bitwise Chief Investment Officer Matt Hougan

Markets

First Mover: XRP Plunges 20% as Traders Assess SEC's Ripple Suit

The SEC's suit against Ripple has triggered a steep sell-off in price for the payments token XRP. Meanwhile, prices for Chainlink's token have increased sevenfold this year, most among CoinDesk 20.

By Bradley KeounDec 23, 2020

In the darkest days of the year, it's typically time for reflection, but the news on Ripple brought a December surprise.

Finance

MoneyGram Takes Wait-and-See Approach as SEC Sues Partner Ripple

"MoneyGram will continue to monitor the situation" following an SEC lawsuit against its part-owner, Ripple, a spokesperson told CoinDesk.

By Nate DiCamilloDec 23, 2020

Markets

Market Wrap: Bitcoin Recovers to Nearly $24K; Ether Rides Bitcoin’s 'Coattails'

Bitcoin recovers from Monday’s small-scale market sell-off to nearly $24,000, and ether follows bitcoin’s positive trend.

By Muyao ShenDec 22, 2020

Markets

An SEC Victory in Ripple Case Would Render XRP 'Untradeable,' Market Pros Say

Already, CrossTower, a small exchange that opened in June, has delisted the cryptocurrency.

By Muyao Shen, Nikhilesh DeDec 22, 2020

Is this the future of the market for XRP?

Markets

First Mover: What People Said About Bitcoin in 2020 (Both Good and Bad)

A lot of people said a lot of things, both good and bad, about bitcoin in 2020, as the 11-year-old cryptocurrency defied doubters with a tripling in price.

By Bradley KeounDec 22, 2020