#XRPETF XRP is a cryptocurrency that powers the Ripple network, a decentralized open-source blockchain system. Here's a quick rundown¹ ²:

- *Current Price:* $2.17, with a 1.1% increase in the last 24 hours

- *Market Cap:* $127.055 billion, ranking #4 among cryptocurrencies

- *24-Hour Trading Volume:* $2.362 trillion

- *Circulating Supply:* 58.44 billion XRP tokens

*Key Features:*

- *Fast Transactions:* XRP's average transaction speed is 4 seconds, significantly faster than Bitcoin's 10 minutes

- *Low Transaction Fees:* XRP's transaction fee is 0.00001 XRP (roughly $0.000001), much lower than Bitcoin's $0.50-$1.00 per transaction

- *Consensus Mechanism:* XRP uses a consensus algorithm called Ripple Protocol Consensus Algorithm (RPCA), which relies on a network of trusted validators rather than proof-of-work mining

*XRP Ledger:*

- *Open-Source Distributed Ledger:* XRP Ledger is a decentralized ledger that records transactions publicly

- *Trusted Validators:* A group of trusted nodes maintains the integrity of the XRP Ledger, with transactions verified by at least 80% of nodes

*Recent Developments:*

- *XRP ETF Launch:* Brazil has launched a spot XRP ETF, providing regulated access to XRP for investors

- *Market Performance:* XRP's price has increased by 4.4% in the last 7 days, outperforming some similar cryptocurrencies#