The XRP Ledger (XRPL), developed by Ripple, is a decentralized blockchain optimized for rapid, cost-effective financial transactions. Operating on the Ripple Protocol Consensus Algorithm (RPCA), XRPL processes transactions in 3-5 seconds, supporting up to 1,500 transactions per second (TPS) with fees around $0.0002. Unlike Bitcoin’s energy-intensive proof-of-work, XRPL’s consensus model uses trusted validators, consuming just 0.0079 kWh per transaction, making it eco-friendly. Key features include a Decentralized Exchange (DEX) for tokenized assets, Issued Currencies for custom tokens, and Payment Channels for scalable micropayments. The 2024 Automated Market Maker (AMM) enhances DeFi, while the Hooks amendment, in testing, introduces smart contract-like functionality. XRPL powers Ripple’s On-Demand Liquidity, settling $10B+ annually across 70+ countries, with 5M+ accounts and a $128.6B XRP market cap.

Analysts like Ali Martinez and Egrag Crypto predict XRP could hit $15 in 2025, a 584% surge from its current $2.19, driven by regulatory clarity post-Ripple’s SEC settlement, ETF approvals, and growing institutional adoption. Japan’s banks (80% planning XRP integration) and Ripple’s $1.5B Hidden Road acquisition bolster this outlook. However, critics argue $15 is optimistic, citing market volatility and competition from stablecoins. Technicals show XRP forming a bullish pennant, targeting $15-$17 if resistance at $2.20 breaks, though failure could see $1.60.