XRP is the native asset of the XRP Ledger, a payments-focused Layer 1 blockchain that launched in June 2012 after development by David Schwartz, Jed McCaleb, and Arthur Britto began in 2011. XRP is used on the ledger for transaction costs, anti-spam protection, value transfer, and bridge liquidity across XRPL's payment and exchange features. Unlike mined assets such as Bitcoin, all XRP already exists, and no more than the original 100 billion XRP can be created.
XRP should not be confused with Ripple. Ripple is a company that builds payment and digital asset infrastructure, while XRP is the native asset of the XRP Ledger. After XRPL launched, its creators allocated 80 billion XRP to the company that later became Ripple, and Ripple later placed much of that position in escrow. That history makes distribution, escrow, and Ripple-related adoption part of XRP's market context.
For price-focused users, the most important signals are XRP liquidity across major exchanges, XRPL transaction activity, DEX and AMM usage, Ripple-related payment demand, tokenization activity, and regulatory treatment. The SEC case against Ripple ended in 2025, but the final judgment left a $125 million civil penalty and injunction in effect. That gives XRP a clearer U.S. legal history than it had during the lawsuit, but it does not remove regulatory risk entirely.