#XRP’ XRP (Ripm – Current Status and Key Points

Ticker: $XRP

Blockchain: RippleNet

Purpose: To facilitate fast and cost-effective cross-border payments.

🔍 Key Points

Focused on banks and large financial institutions for international payments.

High speed and low cost per transaction (superior to many other tokens).

Does not use mining, as its tokens are already pre-mined (100 billion).

Ripple Labs is still facing litigation with the SEC regarding whether XRP is a security.

⚖️ Legal Status (as of 2025)

In 2023, a judge determined that XRP is not a security in secondary sales, which was a major victory.

Litigation still ongoing, but Ripple has gained ground and continues to grow in institutional adoption.