XRP Project Overview

XRP is the native digital currency of the XRP Ledger (XRPL), launched by Ripple Labs in 2012. XRPL is a decentralized open-source blockchain platform that supports the trading and settlement of multiple assets, designed specifically for fast and efficient cross-border payments.

Unlike Bitcoin’s reliance on Proof of Work (PoW), XRPL utilizes the Ripple Consensus Protocol, where a network of independent validators reaches consensus within 3 to 5 seconds, significantly speeding up transaction confirmation. This mechanism enables XRPL to provide faster and more cost-effective cross-border payment solutions for banks and financial institutions, optimizing global fund transfer efficiency.

It is worth noting that XRP was fully pre-mined at launch, with a total fixed supply of 100 billion coins and no additional mining issuance. In addition, Ripple Labs regularly sells its XRP holdings to enhance market liquidity and support ecosystem development, empowering cross-border payment scenarios.

XRP token symbol (Image source: https://wallstreetpit.com）

Related links:

• Official website entrance:https://ripple.com/
• White Paper:https://xrpl.org/docs
• Github:https://github.com/XRPLF/
• X (Twitter):https://x.com/Ripple
• Telegram:https://t.me/Ripple
• Xrpscan:https://xrpscan.com/
• Trading Entrance:https://www.gate.io/en/trade/XRP_USDT

Introduction of the XRP Team

Brad Garlinghouse

Ripple CEO, also a board member. Prior to joining Ripple, he served as CEO of the file collaboration service Hightail, President of AOL Consumer Applications, and held multiple executive positions at Yahoo.

David Schwartz

The current Chief Technology Officer of Ripple and one of the original architects of the XRP Ledger is widely known as “JoelKatz” and is highly respected within the digital currency community. Previously, he served as the Chief Technology Officer of WebMaster Incorporated, a software development company based in Santa Clara. He has also developed encrypted cloud storage and enterprise messaging systems for organizations such as CNN and the National Security Agency (NSA).

Monica Long

Currently the President of Ripple, she joined Ripple in 2013 and has served as General Manager and Senior Vice President of Marketing and Design. She was one of the earliest marketing communications leaders in the company and is currently mainly responsible for the two business sectors of Ripple Payments and RippleX. She has deep experience in the financial technology field, was named one of the most influential business women in the San Francisco Bay Area in 2020, and holds a Bachelor’s degree from the University of California, Berkeley.

Ripple project leader (Image source:https://ripple.com/company/leadership/）

XRP Use Cases

Compared to traditional cross-border payment processes, the Ripple network significantly reduces settlement times and enhances capital turnover efficiency. This makes it particularly suitable for providing efficient payment solutions to small businesses, enabling them to receive customer remittances within seconds, regardless of the payer’s global location.

Traditional credit card payments often incur high fees, with large enterprises typically enjoying more favorable rates, while small businesses struggle to obtain similar terms. As Ripple’s low-cost payment solutions gain traction, credit card companies may face pressure to lower transaction fees, further reducing payment costs for small and medium-sized enterprises. Additionally, Ripple’s transaction fees are extremely low, requiring only about three days to complete the settlement from consumer credit card payments to business bank accounts. This significantly enhances fund availability, which is particularly crucial for small businesses that heavily rely on efficient capital turnover.

For small businesses with a substantial proportion of overseas operations, Ripple’s solutions are especially appealing. Through the Ripple network, companies can complete international payments within five days, with average fees as low as 7%, far below those of traditional cross-border payment methods. Moreover, Ripple transactions have confirmation times of just three to five seconds, and foreign exchange conversion costs are minimal, potentially achieving zero-cost conversions, further reducing payment expenses for businesses.

Ripple Cross-border Payment Process Diagram (Image Source: Ripple Documentation）

The latest news on Ripple

On March 2, 2025, US President Donald Trump officially announced the establishment of the US Cryptocurrency Strategic Reserve, explicitly including cryptocurrencies such as Bitcoin and Ripple in the reserve assets category. This decision was made prior to the first White House Cryptocurrency Summit scheduled for March 7, 2025, which will focus on discussing cryptocurrency regulation and innovative development, expected to provide a clearer regulatory framework for the US digital market.

This announcement has been interpreted by the market as the U.S. government taking a positive attitude towards cryptocurrencies, especially for Ripple (XRP), which has been included in the U.S.’s national strategic reserves, further strengthening its position and market recognition within the crypto ecosystem. This is not only conducive to accelerating institutional adoption of XRP, but also to promoting wider blockchain infrastructure development, further enhancing its importance in the global financial system.

US President Trump confirms XRP as a strategic reserve for encryption (Image source:Truth Details | Truth Social）

$XRP market performance

Over the past week, influenced by a sluggish cryptocurrency market, XRP’s price has exhibited a volatile downward trend, with an accumulated decline exceeding 19%.
On March 3, XRP’s price briefly reached a high of $2.70 before rapidly retracing, breaking below $2.40 in a short period. On March 8, the price came under pressure again, falling below $2.30, and on March 9, it touched around $2.10, with market sentiment leaning towards caution.

As of March 9 (UTC+0), at the time of writing, XRP’s latest price was $2.17, with a fully diluted market capitalization of $217.55 billion and 6.259 million holding addresses. Without further positive news, XRP may continue to maintain low-level fluctuations in the short term. If it can stabilize above the $2.10 support level, a rebound may be anticipated; otherwise, it may test lower support ranges.

(Trade now: https://www.gate.io/en/trade/XRP_USDT）

02/26 - 03/5 period $XRP trend (Chart Source:https://coinmarketcap.com/dexscan/bsc)

Conclusion

As one of the world’s leading digital payment assets, XRP has demonstrated strong growth potential in recent years across cross-border payments, financial settlements, and collaborations involving Central Bank Digital Currencies (CBDCs). Despite recent market pressures, XRP maintains unique technical advantages and practical application scenarios. The Trump administration’s focus on XRP could further boost market sentiment, potentially enhancing its role in fintech and blockchain payment sectors in the long term. Investors should closely monitor market dynamics, integrating on-chain data and policy developments to make more rational investment decisions.