What is XRP — plain English
XRP is the native asset of the XRP Ledger, designed to move value across borders quickly and cheaply. It is closely associated with Ripple, the company that uses it for payment settlement. Its price is unusually sensitive to legal and regulatory news.
What makes XRP move
US legal and regulatory rulings on XRP's status
Payment and banking partnerships that use the XRP Ledger
Exchange listings and de-listings driven by regulatory clarity
Ripple company news and scheduled escrow releases of XRP
Broad crypto risk sentiment and Bitcoin's direction
What happened at real events
Actual price movements at real, dated events — not simulated.
July 13, 2023
US court rules XRP is not itself a security in programmatic exchange sales
Before
$0.47
→
After
$0.82
↑
A partial court victory for Ripple gave the market long-awaited regulatory clarity for XRP on public exchanges, and several US platforms relisted the token.
Where to trade XRP
Regulated crypto exchanges in our database that list XRP, ranked by taker fee. Every registration is verified on the issuing regulator's public register.
Fees shown are the standard taker fee before volume discounts. Use our free exchange check tool to compare the full fee structure and confirm registration before you open an account.
Key things to know about XRP
| Factor | What it means |
|---|---|
| Max supply | 100 billion XRP (pre-mined) |
| Consensus | XRP Ledger Consensus Protocol |
| Trading hours | 24/7 — never closes |
| Use case | Cross-border payments and settlement |
| Sensitivity | Highly reactive to regulatory news |
| Custody | Self-custody or exchange custody |
Cryptocurrencies are highly volatile and can lose value quickly. XRP can move sharply in a single day. Only trade or hold what you can afford to lose, and keep funds on registered, reputable exchanges or in self-custody.