$XRP 🔷 XRP Overview

Ticker: XRP

Created By: Ripple Labs (founded in 2012)

Primary Purpose: Fast, low-cost cross-border payments

Consensus Mechanism: Ripple Protocol Consensus Algorithm (RPCA), not Proof of Work or Proof of Stake

Max Supply: 100 billion XRP

Current Circulating Supply: ~55 billion (as of 2025, varies slightly)

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🔹 Key Features

Feature XRP

Speed ~3-5 seconds per transaction

Cost < $0.01 per transaction

Scalability ~1,500 TPS (transactions per second)

Energy Use Very low, eco-friendly

Use Case Cross-border settlements (B2B, banks, remittances)

Institutional Use Partnered with banks, remittance providers (via RippleNet)