What is XRP (XRP)?
XRP is the native digital asset on the XRP Ledger (XRPL) blockchain, built originally for payments. XRP primarily facilitates transactions on the network and bridges currencies in the XRP Ledger's native DEX.
XRP is a digital asset that’s native to the XRP Ledger—an open-source, permissionless and decentralized blockchain technology. Created in 2012 specifically for payments, XRP can settle transactions on the ledger in 3-5 seconds, using a network of trusted validators to verify transactions on the ledger.
XRP can be sent directly without needing a central intermediary, making it a convenient instrument in bridging two different currencies quickly and efficiently. It is freely exchanged on the open market and used in the real world for enabling cross-border payments and microtransactions. XRP can also be used to exchange different currencies and access crypto liquidity.
XRP supports large-scale applications and long term projects, with 2.8B+ transactions processed representing over $1T in value moved between counterparties since 2012. XRP also offers lightning-fast, cost-effective transactions that settle every 3-5 seconds at fractions of a cent per transaction.
Created in 2012 specifically for payments, XRP can settle transactions on the ledger in three to five seconds. It was built to be a better Bitcoin—faster, cheaper and greener than any other digital asset.
What is the Technology behind XRP?
XRP is a digital asset for payments native to the XRP Ledger (XRPL). XRP Ledger is an open-source public decentralized blockchain. It was built specifically for payments - fast (~3 seconds per transaction), cheap ($0.0002 per transaction), scalable (1,500+ tps), and carbon-neutral.
XRPL uses Federated Consensus as the validation system which requires 80% or more of the validators to agree to reach consensus, meaning that a new ledger is added to the overall history, and forward progress happens. XRPL was reportedly the first public blockchain to have a DEX (decentralized exchange) built in. XRPL has closed 85M+ ledgers (blocks) and supports large scale use cases, processing 2.8B+ transactions without failure or security breach since 2012.
XRP ETF Approvals on the Horizon
In August 2025, XRP achieved a major regulatory milestone when the SEC officially reclassified it as a commodity, resolving a long-running legal battle with Ripple Labs. This breakthrough has accelerated momentum for spot XRP ETFs, with major asset managers including Grayscale, Bitwise, Franklin Templeton, 21Shares, WisdomTree, and CoinShares, submitting updated filings. Market analysts suggest a strong possibility of XRP ETF approvals by October 2025, with expectations that the launch of these ETFs could attract increased institutional interest and expand market participation.
XRP is listed on Binance for trade and purchase. The live price of XRP is updated and available in real time on Binance.