Ripple
XRP
Blockchain-based enterprise cross-border payment network
Performances
RD Popularity Index
RD Growth Index
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.33% | 2.96% | 0.00% | 12.67% | 8.76% | 7.72% |
Revenue & Burn
Protocol income
$475.11KBuyback funds
--Burn funds
--Buyback ratio
--Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Nov 2026 | $475.11K | -- | -- | -- |
| Oct 2026 | $7.61M | -- | -- | -- |
| Sep 2026 | $6.97M | -- | -- | -- |
| Aug 2026 | $5.1M | -- | -- | -- |
| Jul 2026 | $4.44M | -- | -- | -- |
| Jun 2026 | $4.45M | -- | -- | -- |
Comparison
Investment
Sub Organizations
Tokenomics
Unlock Progress
Data source: CoinGecko
XRP was premined at 100 billion with no mining or staking issuance, and the protocol prohibits further issuance. Transaction fees are burned for deflation; Ripple locks 55 billion in on-chain escrow, releasing up to 1 billion monthly with unused amounts rolled over.
Top Holders
| Address | Token | Quantity | 7d | Percentage | Value |
|---|---|---|---|---|---|
| Binance 8 (acec) |   XRP | 129,863,696.31 | -- | 0.13% | $170.12M |
| Binance 28 (efcb) | XRP | 30,274,663.03 | -- | 0.03% | $39.65M |
| 0x0b07...967e | XRP | 14,037,616.94 | -- | 0.01% | $18.38M |
Open Markets
| # | Exchange | Pair | Price | +2% depth | -2% depth | Volume (24h) | volume % |
|---|---|---|---|---|---|---|---|
| 1 | UUpbitCEX | XRP/KRW | $1.93 | $1,989,338 | $1,888,674 | $263,038,262 | 9.42% |
| 2 | XRP/USD | $1.92 | $3,467,846 | $4,123,983 | $182,195,961 | 6.53% | |
| 3 | KKuCoinCEX | XRP/USDT | $1.91 | $1,652,583 | $1,713,548 | $119,913,432 | 4.29% |
| 4 | HHTXCEX | XRP/USDT | $1.92 | $851,843 | $636,129 | $105,996,567 | 3.80% |
| 5 | BBybitCEX | XRP/USDT | $1.92 | $1,315,236 | $1,373,690 | $103,894,844 | 3.72% |
| 6 | BBithumbCEX | XRP/KRW | $1.93 | $1,097,949 | $1,699,115 | $94,328,652 | 3.38% |
| 7 | XRP/USD | $1.92 | $3,729,176 | $4,920,825 | $82,111,213 | 2.94% | |
| 8 | OOKXCEX | XRP/USDT | $1.91 | $2,521,364 | $3,330,483 | $55,555,870 | 1.99% |
| 9 | PPoloniexCEX | XRP/USDT | $1.91 | $341,653 | $437,808 | $55,307,558 | 1.98% |
| 10 | BBitgetCEX | XRP/USDT | $1.92 | $2,611,698 | $2,737,955 | $53,142,315 | 1.90% |
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About Ripple
Ripple operates the XRP Ledger (XRPL), a public chain for cross-border payments, interbank settlement and institutional custody that uses XRP as a bridge asset. It addresses the high cost and multi-day delays of the traditional pre-funded nostro accounts model by achieving near-real-time clearing through a built-in DEX with automated matching and a consensus ledger. Its core is the XRPL consensus protocol, which reaches finality via a Unique Node List (UNL) of validators and natively supports issued stablecoins and tokenized assets; RLUSD is its dollar stablecoin, operating through an on-chain custody architecture of issuance, burn and reserve attestation.
But XRPL's application breadth has long trailed general-purpose smart-contract platforms, with limited contract expressiveness. In July 2026, Ripple obtained a MiCA crypto-asset service authorization from Luxembourg's CSSF, laying a compliance foundation for its European institutional business.
In 2012, Ripple (formerly OpenCoin) launched the XRP Ledger and XRP for cross-border and interbank settlement.
In 2013, Ripple Labs was founded and pursued bank partnerships, bringing XRP into institutional view.
In 2018, XRP's market cap briefly surpassed Ethereum as Ripple ran xRapid cross-border pilots with banks.
In 2020, Ripple launched On-Demand Liquidity (ODL), using XRP to replace pre-funded accounts.
In December 2020, the SEC sued Ripple for raising over $1.3B via unregistered securities, opening crypto's most consequential case.
In 2022, Ripple invested in carbon markets and CBDC pilots, widening the XRP Ledger's use cases.
In July 2023, a judge ruled Ripple's XRP programmatic exchange sales were not securities while institutional sales violated the law; XRP surged.
In October 2023, the SEC dropped charges against two Ripple executives, narrowing the case to institutional sales.
In August 2024, Ripple was fined $125M, far below the SEC's demand, greatly easing regulatory risk.
In December 2024, Ripple's dollar stablecoin RLUSD won New York approval.
In April 2025, Ripple acquired prime broker Hidden Road for $1.25B, gaining a U.S. broker license.
In June 2025, the SEC withdrew its appeal against Ripple, ending the case and clearing the way for a spot XRP ETF.
In 2025, a spot XRP ETF tied to Ripple listed and RLUSD's market cap and institutional adoption rose together.
Institutional expansion: RLUSD market capitalization surpassed $2.5 billion, with over $1 billion issued on the XRP Ledger, and Standard Chartered launched institutional RLUSD custody through its Dubai DIFC branch on October 12. Ripple received MiCA crypto-asset service provider authorization from Luxembourg CSSF on July 6 and struck stablecoin settlement and custody partnerships with Cross River, DriveWealth and South Korea Meritz Securities.
Market & network: U.S. spot XRP ETFs recorded 13 consecutive weeks of net inflows totaling about $1.8 billion, yet XRP still slipped from around $1.40 at the start of October to about $1.32; the XRP Ledger received an emergency patch on October 12 for a payment-engine vulnerability dating back to 2015 (no unauthorized XRP was minted), and the LendingProtocol amendment stalled short of the 80% validator-vote threshold.
On October 12, 2026 Standard Chartered began institutional custody of RLUSD on the XRP Ledger through its Dubai International Financial Centre branch, and the bank, Ripple and LMAX jointly proposed using RLUSD as trading collateral; on October 14 Ripple signed DriveWealth for an RLUSD settlement pilot starting in Europe and agreed its first Korean brokerage partnership with Meritz Securities. The same day Evernorth, holding about 473 million XRP, listed on Nasdaq as XRPN.
RLUSD expanded quickly through 2026: Japan's Financial Services Agency approved it and SBI VC Trade listed it on June 24, it entered Türkiye on June 2 through BiLira, Bitexen and Bitlo, and its market capitalisation reached about $1.58 billion by end-July, of which $907.2 million, or 58.9%, was issued on the XRP Ledger. Stablecoins on the ledger hit a record $1.02 billion on July 13, and onchain real-world assets reached $2.25 billion at the end of the first quarter. On September 25, xrpld 3.4.1 fixed an integer overflow bug dating back to 2015 without minting extra XRP. US spot XRP ETFs drew about $1.8 billion in cumulative net inflows.
Ripple's Future strategy and roadmap: Ripple's licence stack serves one goal: making RLUSD the default dollar leg in bank settlement. The OCC granted final approval on October 26 for Ripple National Trust Bank, which will act as reserve trustee and fiduciary custodian for RLUSD while issuance stays with NYDFS-regulated SCTC and BNY keeps the reserves, turning compliance cost into an entry barrier; a trust charter cannot take deposits, so the queued Federal Reserve master account is what really sets the ceiling. Luxembourg's CASP, the Australian AFSL and Japan's chain expansion are the three distribution legs meant to let clients across 30 EEA countries collect, convert and pay through one interface. The competition is USDC's institutional channels and banks issuing their own deposit tokens; more than 85 licences and a seat in the OpenUSD coalition are the differentiation.
Ripple's management is led by Brad Garlinghouse, who joined as CEO in 2015. He was previously CEO of Hightail and earlier an executive at AOL and Yahoo, holds a University of Kansas degree and a Harvard MBA, and directly oversees the president, CFO and legal lines. Co-founder Chris Larsen is executive chairman; he founded the online lender E-Loan in 1996 and took it public, then started Ripple and the XRP Ledger with Jed McCaleb in 2012. McCaleb left in 2013 to found Stellar.
President Monica Long joined in 2016 in marketing and was promoted in 2023, while CFO Jon Bilich handles finance and investor relations. David Schwartz, a co-designer of the XRP Ledger, served as CTO for years and became honorary CTO in 2024 while staying involved in protocol direction. Engineering, legal and policy each have their own lead.
Daniela Diaz joined Ripple in May 2026 as an Operations role. She brings over 6 years of experience, having previously worked in VC Operations at Arrington Capital and as Production Director at MULTZ Agency. Ripple recently opened a regional headquarters in Dubai to expand its team and strengthen regulated payment services. Daniela's addition will support Ripple's operations and growth.
Ripple holds a New York State Department of Financial Services (NYDFS) BitLicense and a New York limited-purpose trust company charter (June 2024), a Singapore MAS Major Payment Institution licence, and a Luxembourg CSSF electronic-money institution (EMI) licence.