$XRP Here's a concise overview of $XRP (Ripple) as of July 2025:
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š¹ $XRP (Ripple) Overview
Category Details
Launch Year 2012
Created By Ripple Labs (Founders: Chris Larsen, Jed McCaleb)
Purpose Cross-border payments, liquidity for financial institutions
Token Type Utility token for XRP Ledger
Max Supply 100 billion XRP
Circulating Supply ~55 billion (approx)
Consensus Ripple Protocol Consensus Algorithm (RPCA)
Speed ~1,500 TPS (scalable to 65,000 TPS)
Block Time ~3-5 seconds
Eco-Friendly? Yes ā no mining, energy-efficient
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š¹ Latest Market Data (as of July 21, 2025)
Metric Value
Current Price ~$0.61 (subject to change)
Market Cap ~$33 billion
24h Volume ~$1.2 billion
Rank #7 (by market cap)
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š¹ Use Cases
Bank Settlements: Used by institutions to move funds across borders quickly and cheaply
On-Demand Liquidity (ODL): Helps eliminate need for pre-funded nostro accounts
XRP Ledger: Supports tokenization, NFTs, and smart contracts (limited)
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š¹ Pros vs Cons
ā Pros ā ļø Cons
Fast & low-cost transactions Centralization concerns (Ripple controls large supply)
Strong institutional use case Still faces regulatory skepticism in some regions
Eco-friendly & scalable Slower ecosystem growth compared to ETH
Gaining traction post-SEC lawsuit win (2023) Limited DeFi/NFT ecosystem vs Ethereum
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Feature XRP BTC ETH
TPS ~1,500+ ~7 ~30ā100 (base layer)
Purpose Bank payments Store of value Smart contracts & dApps
Energy Usage Very low High (PoW, though reducing) Low (PoS)
Decentralized? Semi-centralized Fully decentralized Decentralized
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š§ TL;DR:
XRP is ideal for fast, cheap global payments.
It remains controversial due to Rippleās large holdings and prior SEC litigation, but it has rebounded strongly in institutional finance.
Not designed for DeFi/NFTs like Ethereum, but improving its use cases slowly.
