XRP (XRP) perpetual market

XRP is the native asset of the XRP Ledger, a decentralized payments blockchain created in 2012 by the founders of the company now called Ripple. It was designed for fast, cheap cross-border value transfer, settling transactions in a few seconds using a consensus protocol run by independent validators rather than energy-intensive mining. Ripple, the company, uses XRP in products aimed at banks and payment providers for on-demand liquidity, which ties the token's story closely to institutional adoption. XRP is defined by its long legal fight with the US Securities and Exchange Commission, which sued Ripple in 2020 alleging XRP was an unregistered security; a 2023 court ruling that programmatic exchange sales were not securities transactions was seen as a partial industry landmark. Much of the total supply is held by Ripple and released gradually from escrow.