XRP is the native token of the XRP Ledger, and the cryptocurrency used by the Ripple payment network. 

It's built for enterprise use on a global scale and helps power cost-efficient cross-border payments.

Developers working on the XRP Ledger have agreed on major changes to the XRPL in response to the blockchain's recent surge in popularity. According to developer WietseWind on the social media platform X, XRPL Labs changed the configuration of its validator last month to lower fees and reserve requirements in anticipation of rising activity on-chain.

XRP Ledger Developers Make Changes to Blockchain Amid Sudden XRP Mania

The XRP Ledger has become a hotbed for meme coin activity with thousands of tokens emerging, driven by XRP's recent price surge. Meme Coins Are Flying on XRP The XRP ecosystem is currently witnessing a surge in meme coin activity, catalyzed by a significant rally in XRP's price.

Growing World of XRP Meme Coins Could Shape the Next Crypto Trend

It's now cheaper and easier to maintain an account on the XRP Ledger thanks to validators approving a reserve fee reduction of 90%.

XRP Ledger Just Became Much Cheaper to Use Following Coin's 400% Price Spike

The Ripple co-founder has ridden XRP's 390% surge since election day to a $9.2 billion fortune.

Ripple Chairman Chris Larsen's Net Worth Is Up $6 Billion Since Election Day

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The Daily: Crypto prices plunge in South Korea as President declares martial law, XRP Ledger reduces account reserve to 1 XRP and more

Bitcoin

Dogecoin

Long and short position traders alike are in the red Tuesday amid XRP's rise and dip, plus impact from South Korea's political upheaval.

XRP, Bitcoin and Dogecoin Volatility Drive Crypto Liquidations to $588 Million

Analysts attribute XRP's rise to the third-largest cryptocurrency by market cap to optimism around regulatory changes and Ripple's ecosystem expansion. What Happened: Speaking with Benzinga, industry experts highlight how Ripple's (CRYPTO: XRP) business growth, including the launch of its RLUSD stablecoin, and potential shifts in SEC leadership are driving demand for XRP.

XRP Price Explodes 415% In 30 Days: Experts Analyze Why XRP Is Going Up

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Analysis of $XRP, $XDC, $QNT, $POL, and $ADA My top 5. Cryptocurrencies are evolving beyond mere financial instruments, driving utility across various sectors.

My Top 5 Cryptocurrencies

Amid political upheaval in South Korea, the price of Bitcoin fell by 33% on Upbit before rebounding, with XRP charting an even sharper dip.

Bitcoin and XRP Prices Plunge in South Korea as President Declares Martial Law

South Korean President Yoon Suk Yeol declared "emergency martial law" late Tuesday evening.

Bitcoin, XRP Briefly Wick Down 30% on South Korean Exchanges as Martial Law Declared

Litecoin also joined Ripple as an underperformer, falling 6.1%.

CoinDesk 20 Performance Update: XRP Falls 9.9%, Leading Index Lower from Monday

The minimum amount of XRP that must be held in an account to keep it active was previously lowered from 20 XRP to 10 XRP in 2021.

XRP Ledger developers lower base reserve for accounts to 1 XRP amid price surge

XRP recently overtook Tether (USDT) in market capitalization, becoming the third-largest cryptocurrency, behind Bitcoin and Ethereum.

XRP Surpasses Tether To Become Third-Largest Cryptocurrency, Driven by Regulatory Hopes and Stablecoin Launch

WisdomTree has filed for a spot XRP exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC).

WisdomTree Files for Spot XRP ETF With SEC, Becoming Fourth Firm To Seek Approval, Following Cryptocurrency's Price Surge

Ethereum

Ethereum-based investment products have set a record for 2024, reaching $2.2 billion in net inflows, surpassing the $2 billion high in 2021, according to CoinShares.

Ethereum Hits Record $2.2 Billion Inflows in 2024 as XRP Achieves Historic Gains and Bitcoin Declines

Ripple warns investors of escalating scams as XRP's value surges over 400%, urging vigilance against fraud tactics like deepfakes, phishing, and fake giveaway schemes. Ripple to Investors: Beware of Scammers Exploiting XRP's Unstoppable Surge Ripple has raised concerns about the surge in cryptocurrency scams as the digital asset market continues to expand.

Ripple Sounds Alarm on Scams as XRP Rockets to Third-Largest Crypto

Meme coins on XRP Ledger are blasting off as the Ripple-linked XRP hits seven-year highs, now up over 400% this week.

XRP Meme Coins Like ARMY Are Blowing Up Right Now

A $113 billion asset manager has filed to launch a spot XRP ETF as the crypto's value skyrockets over 400%, solidifying its third-largest rank.

$113B Asset Manager Seeks SEC Approval to Launch XRP ETF as Market Booms

Whether it's SEC Chair Gary Gensler's departure or ETF speculation, analysts see several post-election factors behind XRP's spike.

'Astonishing' XRP Surge Driven by Regulatory Hopes, ETF Speculation: Analysts

The chief technology officer of Ripple Labs says that the government needs to address the alleged unconstitutional unbanking of many crypto and tech founders.

Ripple CTO Calls on US Government To End All Indirect Regulation Including Alleged Debanking of Tech Founders

The Daily: XRP is back in crypto's top three, Michael Saylor advises Microsoft on adopting bitcoin and more

Stuart Alderoty, chief legal officer (CLO) of Ripple, has made a petition to the cryptocurrency industry to avoid providing jobs for attorneys involved in anti-crypto initiatives.

Ripple CLO Calls to Isolate Anti Crypto Attorneys From the Digital Asset Ecosystem

Payments-focused crypto asset XRP has suddenly broken out in price, surpassing the market cap of Solana (SOL) and Tether's USDT after outperforming the market. XRP hit a price of $2.81 early on Monday and has since retraced slightly to $2.68, giving it 424% gains in the last 30 days.

XRP Outruns Entire Crypto Market in Explosive Rally Near All-Time Highs As WisdomTree Gears Up for New ETF

Exchange-traded fund issuer WisdomTree took steps to potentially launch an XRP ETF in a filing to the U.S. SEC on Monday.

WisdomTree files with SEC for spot XRP ETF

XRP (CRYPTO: XRP) is continuing its parabolic uptrend amid fresh ETF applications and heightened whale activity. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend XRP (CRYPTO: XRP) $2.74 $156.3 Billion +44.7% +93% Bitcoin (CRYPTO: BTC) $97,276.76 $1.93 Trillion +0.04% +1.5% Ethereum (CRYPTO: ETH) $3,679.74 $442.9 Billion -1.4% +4.4% Trader Notes: Influential investor Raoul Pal said on X that XRP has a “great-looking” chart, noting that a long wedge pattern similar to the current one previously led to a 5,600% rally.

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