$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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