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.

Account Reserve has shifted to 1 XRP from 10 XRP, and creation fees for trustlines or objects is down to 0.2 XRP from 2 XRP.

XRP Account Fees Fall by 90% After XRPL Validator Vote

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In the past 24 hours, the cryptocurrency market experienced a significant wave of liquidations, totaling more than $588 million.

Crypto Liquidations Hit $588 Million as XRP, Bitcoin, Ethereum and Dogecoin Experience Major Price Swings

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XRP has seen a massive surge in value, increasing by over 439% in the past month and 86% in the last week to reach $2.70, its highest level since 2018.

XRP Rises 439% in a Month While Dogecoin, Pepe and Other Meme Coins See Sharp Declines Across Major Blockchains

While Korean investors have contributed to XRP's impressive 30-day price surge of over 400% to $2.60, they're not the only game in town.

Move Over XRP's Korea Narrative, The 400% Price Rally Has Support of Coinbase Whales

On Tuesday, Dec. 3, XRP, the native crypto asset of the XRP Ledger (XRPL), is priced at $2.54 per coin, reflecting a 4.9% drop over the past day. Despite this dip, XRP has shown an impressive performance, gaining 81% this week and soaring 354.62% over the past three months.

XRP's Wild Ride: 354% Gains in 3 Months Despite Recent Dip

XRP trading has surged dramatically, with Falconx, an institutional digital asset prime broker, reporting a tenfold increase in volumes during Q4, driven by institutional investors. Austin Reid, global head of revenue and business at Falconx, stated: “XRP trading is on fire.

XRP on Fire: Falconx Reports Explosive 10x Growth in Trading

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

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.

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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-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.

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