What is (XPRL)
XRP is the native cryptocurrency of the XRP Ledger (XRPL), a decentralized blockchain created by Ripple Labs, designed for fast and efficient cross-border payments.
xRP's unique role in the financial industry, combined with this Chris Larsen Jed McCaleb and Arthur Britto, makes it a focal point of discussions about cryptocurrency regulation and the future of blockchain-based payment systems
Founder and creation
XRP was developed by Chris Larson, Jed McCaleb, and Arthur Brito, and Ripple Labs was co-founded by Brad Garlinghouse.
The initial distribution of XRP was pre-mined, meaning that all 100 billion XRP tokens were created at launch, with Ripple Labs owning a significant portion
Tokenomics
● Total Supply: 100 billion XRP.
● Circulating Supply: Around 52 billion XRP, with the rest held in an escrow by Ripple Labs.
● Deflationary Mechanism: A small amount of XRP is destroyed in each transaction, reducing the overall supply over time.
Xrp ladeger ( XRPL)
Total supply: 100 billion XRP.
Circulating supply: Approximately 52 billion XRP, with the remainder held in escrow by Ripple Labs.
Deflation mechanism: A small amount of XRP is destroyed in each transaction, reducing the overall supply over time.
XRP Ledger first launched in June 2012. Shortly thereafter, he was joined by Chris Larson
XRP Price and Market Performance
XRP is frequently among the top 10 cryptocurrencies by market capitalization.
The price of XRP has fluctuated significantly, largely influenced by broader cryptocurrency market trends and legal developments with the SEC.
Historically, XRP reached an all-time high of approximately $3.84 in January 2018 during the crypto boom
community and development
The XRP Ledger has an active developer community working on various use cases, such as tokenization, decentralized finance (DeFi), and bahut log NFTs.
Ripple Labs continues to develop new partnerships and use cases for XRP, particularly focused on remittances and payments
This month performance
XRP, Ripple's cryptocurrency, has shown mixed performance in September 2024. Currently, XRP is trading around $0.59, up a modest 2% over the past 24 hours and up about 1.6% over the past week. However, it suffered a slight decline of about 1% during the month.
finbold
, Analysts have anticipated potential growth, forecasting that XRP could reach $0.64 by the end of September, with some predicting even greater gains in the near term
