XRP

XRP

XRP is the native asset of the XRP Ledger and primarily used as a bridge currency within its blockchain ecosystem. All accounts on the XRPL must hold a minimum balance of 20 XRP as a reserve and can send XRP between one another. An example of XRP being used as a bridge currency on the XRPL is through the auto-bridging of order books. In this process, two separate order books like BTC/XRP and XRP/LTC can be merged to facilitate transactions through a synthetic BTC/LTC order book. XRP is broken down into six decimal point with 1/1,000,000 of a XRP referred to as a drop. Due to the fast and efficient nature of the XRPL consensus, XRP can be traded on the XRP Ledger for a small number of drops as a transaction fee. Every transaction fee in XRP is burned and thus creates a deflationary mechanism on the total XRP supply.

The pre-minted supply of XRP is 100B, which was distributed to the project founders and the firm, Ripple. To provide XRP’s market with some clarity around the distribution of Ripple’s gifted XRP, the firm opted to place the remaining XRP in a cryptographically-locked escrow on the XRPL in 2017. Every month 1B XRP are released from the escrow for Ripple to utilize. Ripple has greatly reduced the amount of XRP they sell or distribute over the past couple of years and release a market report every quarter detailing what they did with the escrow. Any XRP not utilized from an escrow released is placed back into the monthly escrow distribution at t + 1 months, where t is the total remaining months on the escrow distribution. 

The XRP escrow is one of the most talked about distribution mechanisms in crypto markets as it has drawn the ire of regulators and other opponents to the XRPL. While the market capitalization of the escrow is rather large, Ripple is unable to sell all of that XRP at once or at market prices. Furthermore, much of Ripple’s business is centered around the use of XRP and the XRPL, which stands as a deterrent to flooding the market of XRP with too much supply via their escrow distributions. Ultimately, Ripple’s sales of XRP during the past few years have often amounted to less than 100 basis points of total XRP trading volume on a monthly basis. 

XRP

XRP Charts

XRPScan

XRPScan

XRP Airdrop Tree

XRP Airdrop Tree

***Last updates as of 8.20.2021***XRP Airdrops - Flare Network Eligible XRP holders will receive the Spark (FLR) airdrop from the Flare Network. Additionally, with the announcement of the Songbird Network, these same eligible XRP holders will be airdropped the...

Flare Network Wallet Updates

Flare Network Wallet Updates

*** Disclaimer: This article is not financial advice. Anyone taking action on the below information is responsible for their own personal situation. This is just meant to be an aggregation of information to help individuals make the best decision for themselves in...

XRP Escrow Theories Run Wild

XRP Escrow Theories Run Wild

Alright folks while I personally love a good ole down the rabbit hole conspiracy theory - I am just seeing too many opinions about the XRP Escrow that would either make no earthly sense to me or would burn the XRP Ledger to the ground. With that being said, I can only...

Preliminary Ripple Response to the SEC Lawsuit

Ripple has issued their preliminary response to the SEC lawsuit on selling XRP as an investment contract. The filing also includes a FOIA request for SEC communications on the Bitcoin and Ethereum no action rulings. See below for links to the Ripple response and blog...

The Future of the XRP Escrow

The Future of the XRP Escrow

Welcome to the Mickey B Fresh voice note series! Mickey touches on XRP Escrow possibilities, the idea of Ripple as a central bank, ODL mechanisms, and much more. The voice notes come fresh out of Mickey's own telegram group full of dedicated researchers and long time...

XRP Ledger Stablecoin Proposal

XRP Ledger Stablecoin Proposal

Recently, the OCC released guidance that national banks and FSAs can conduct payment activities via blockchain infrastructure and stablecoins. This is a massive step forward in the domestic payments space of the United States. David Schwartz, CTO of Ripple Labs, made...

Our Statement On Recent Market Participant Activity

Our Statement On Recent Market Participant Activity

Please see the link below to view Ripple Labs statement on the future trading halts of XRP by various US-based exchanges, which is posted via Ripple | Insights: https://ripple.com/insights/our-statement-to-recent-market-participant-activity/ Posted Date: 12/29/20

XRP-The Big Reveal(The Holy Grail) !!!!!!!!!!

XRP-The Big Reveal(The Holy Grail) !!!!!!!!!!

Brad Kimes of Digital Perspectives hosts a group discussion with Mickey B Fresh of The DeFi Standard and SPQR Lee of S.P.Q.R Media on all things Ripple and XRP. The video dubbed "The Holy Grail" is the first in a two part series. Video Date: 5/24/2019 ***Disclaimer:...

The SEC’s Attack on Crypto in the United States

The SEC’s Attack on Crypto in the United States

Please see the link below to view the Brad Garlinghouse internal memo to the employees of Ripple Labs regarding the SEC lawsuit against their firm, which is posted via Ripple | Insights: https://ripple.com/insights/the-secs-attack-on-crypto-in-the-united-states/...

Ripple Wells Submission Summary

Ripple Wells Submission Summary

Please see the link below to view the Ripple Labs Wells submission summary in response to the SEC's litigation on the sale of XRP as an unregistered security: https://ripple.com/wp-content/uploads/2020/12/Ripple-Wells-Submission-Summary.pdf File Date: 12/22/2020...