What is Ripple XRP? – Complete Guide to the XRP Network

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Ripple is a digital payment network and protocol designed to enable instant, low-cost cross-border transactions for banks, financial institutions, and payment providers worldwide. XRP is the native cryptocurrency of the XRP Ledger (XRPL), serving as a bridge asset that facilitates currency exchange and liquidity provision across international corridors.

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The XRP Ledger was launched in June 2012 and has since processed over 70 million closed ledgers. Unlike Bitcoin which uses energy-intensive proof-of-work mining, XRP uses an iterative consensus protocol with 80% validator approval, making it highly energy-efficient. Each XRP transaction costs approximately $0.0002 and settles in just 3 to 5 seconds, compared to 10 minutes for Bitcoin and up to 48 hours for traditional international wire transfers. In 2025, Ripple launched RLUSD, a fully regulated USD stablecoin, further expanding the XRP ecosystem's utility for institutional finance.

What is XRP used for?

Is Ripple the same as XRP?

XRP is primarily used as a bridge currency for cross-border payments, enabling instant conversion between different fiat currencies at minimal cost through RippleNet. Ripple is the company that created and maintains the XRP Ledger. XRP is the cryptocurrency token. They are related but distinct — similar to how Ethereum the network differs from ETH the token.

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