$XRP Here’s a concise yet comprehensive analysis of XRP (Ripple’s native cryptocurrency) as of July 2024

XRP (XRP) - The Bridge Currency for Global Payments

1. Core Fundamentals

- Purpose: Facilitates fast, low-cost cross-border payments for banks/financial institutions via RippleNet.

- Supply: 100B XRP (50B in circulation, rest escrowed by Ripple).

- Speed: 3-5 second transactions (vs Bitcoin’s ~10 mins).

- Fees: $0.0002 per transaction