$XRP 🔥 XRP is the native cryptocurrency of the XRP Ledger,
CryptoPotato
Updated at: 6 hours ago
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XRP is the native cryptocurrency of the XRP Ledger, an open-source, decentralized blockchain technology designed for fast, low-cost payments. It was created by Ripple Labs, though the XRP Ledger operates independently of the company.
As of May 2025, XRP is the 4th largest cryptocurrency by market capitalization, with a value of approximately $2.41 per token and a total market cap of around $138.95 billion.
Key Features of XRP
Technology and Speed
Transaction Speed: XRP transactions settle in 3-5 seconds
Scalability: Can handle 1,500+ transactions per second
Energy Efficiency: Uses a consensus protocol that consumes minimal energy compared to proof-of-work cryptocurrencies
Low Fees: Transaction fees are approximately 0.00001 XRP (a fraction of a cent)
RippleNet and Cross-Border Payments
XRP serves as a bridge currency in Ripple's payment network called RippleNet, which offers several solutions:
On-Demand Liquidity (ODL): Uses XRP as a bridge currency to enable real-time cross-border payments without pre-funding accounts in destination currencies.
Global Payment Network: Connects financial institutions, payment providers, and digital asset exchanges for faster, cheaper international transactions.
Bridge Currency: $XRP functions as a neutral intermediary between different currencies, eliminating the need for multiple currency conversions during cross-border transfers.
As explained by 101Blockchains: The RippleNet ODL leverages the XRP token as a bridge currency to source liquidity whenever required and for real-time fund transfer.
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$XRP
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