#XRPETF XRP is a real-time gross settlement system, a currency exchange, and a transfer network, also known as the Ripple Transaction Protocol (or Ripple Protocol). It is built on open-source internet protocol software, a distributed ledger, and a local currency called RPX. XRP, which was issued in 2012, aims to enable secure, instant, and very low-cost global financial transactions, with no claims after completion regarding disputed transactions.