XRP (XRP)

XRP is a decentralized digital asset and the native token of the XRP Ledger, a Layer 1 blockchain designed for high-performance global payments. Its primary value proposition is offering a fast, cost-effective alternative to traditional banking systems by enabling near-instant cross-border settlements that finalize in three to five seconds. By serving as a neutral bridge asset between different fiat currencies, it helps financial institutions lower liquidity costs and eliminates the need for pre-funded accounts. The network is unique because it utilizes a federated consensus protocol instead of energy-intensive mining or staking. This system achieves deterministic finality through a Unique Node List of trusted validators who must reach an eighty percent agreement threshold to permanently record transactions. This infrastructure supports a sustained throughput of 1,500 transactions per second and includes a built-in decentralized exchange that allows for the automated trading of any tokenized asset without intermediaries.

Description from CoinGecko.

Coin details

Name

XRP

Symbol

XRP

Market cap rank

#6

Category

Smart Contract Platform, Layer 1 (L1), FTX Holdings

Runs on

Its own blockchain

Circulating supply

63,516,606,953 XRP

Max supply

100,000,000,000 XRP

Price in INR

₹97.04

Tax in India

30% on gains + 1% TDS on sale

Website

ripple.com/currency

Whitepaper

xrpl.org/docs

Explorer

blockchair.com/ripple

X (Twitter)

x.com/Ripple

Reddit

reddit.com/r/ripple

GitHub

github.com/ripple/rippled