XRP FAQ
XRP is a digital asset on a public ledger that nobody owns. Ripple is a private US company that uses XRP in its payment products and holds a large amount of it. Ripple did not create the ledger — its founding engineers did, before the company formed — and the ledger runs whether Ripple exists or not. The distinction mattered enough to shape a four-year court case.
No. All 100 billion XRP came into existence when the ledger launched in 2012. There is no issuance and no mining; the supply only falls, slightly, because every transaction burns a tiny fee. Validators reach agreement through a consensus protocol instead of competing with hardware, which is why transactions settle in a few seconds.
Ripple locked the majority of its XRP holdings into on-ledger escrow contracts that release up to a set amount each month, with whatever goes unused returned to the back of the queue. It exists to make Ripple's potential selling predictable. It also means a large share of total supply is not circulating — worth understanding before reading any market-cap figure.
Narrowly. The 2023 ruling held that Ripple's institutional sales of XRP were unregistered securities offerings, while open-market exchange sales were not. Ripple paid a civil penalty, both sides eventually dropped their appeals, and the case closed in 2025. The ruling was about how Ripple sold XRP — it was not a declaration about what XRP is everywhere and forever.
Create an account and complete KYC verification, then fund it by card, bank transfer, P2P, or a crypto deposit. Most users buy a stablecoin such as USDT first, then trade it for XRP on the XRP/USDT spot market. Note that XRP deposits and withdrawals use a destination tag — omitting it is the most common way people misroute funds.