$XRP **XRP (XRP)** is the native cryptocurrency of the **XRP Ledger (XRPL)**, a decentralized blockchain designed for fast, low-cost payments and cross-border transactions. Here’s a quick overview:
### **Key Features of XRP:**
1. **Speed & Scalability**
- Transactions settle in **3-5 seconds**.
- Handles **1,500+ transactions per second (TPS)**.
2. **Low Cost**
- Average transaction fee: **~$0.0002**.
3. **Use Case**
- Primarily used for **cross-border payments** and liquidity solutions.
- Adopted by banks & financial institutions via **RippleNet** (Ripple’s payment network).
4. **Supply & Distribution**
- **Total supply**: 100 billion XRP (all pre-mined).
- **Circulating supply**: ~55 billion XRP (the rest is held by Ripple in escrow).
### **Recent Developments (2024)**
- **Ripple vs. SEC Lawsuit**:
- **Partial victory** for Ripple (July 2023): Court ruled XRP is **not a security** when sold to retail investors.
- Case still ongoing regarding institutional sales.
- **Adoption Growth**:
- Central banks exploring XRPL for **CBDCs**.
- Increasing use in **DeFi & tokenization** on XRPL.
### **Price & Market Data (as of mid-2024)**
- **Price**: ~$0.50 (subject to market fluctuations).
- **Market Cap**: ~$28 billion (ranks among top 10 cryptos).
### **Where to Buy XRP?**
- Listed on major exchanges: **Binance, Kraken, Bybit, Bitget, Uphold**.
- Some US exchanges (like Coinbase) relisted XRP after legal clarity.
### **Future Outlook**
- Depends on **Ripple’s legal outcomes**, adoption in banking, and broader crypto market trends.
- XRPL continues evolving with **smart contracts (Hooks)** and **AMM integrations**.
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