what's xrp ledger?
Ripple is a blockchain-based payment protocol and cryptocurrency ecosystem designed to facilitate fast, low-cost cross-border transactions for financial institutions. It operates on the XRP Ledger (XRPL), an open-source decentralized blockchain that uses the native cryptocurrency XRP for liquidity and transaction validation through a consensus mechanism rather than mining. The company's primary purpose is to modernize global payments by providing infrastructure for real-time settlements, reducing costs and intermediaries compared to traditional systems like SWIFT. Key features include Ripple Payments for enterprise cross-border transfers, Ripple Custody for secure digital asset storage, and the recent launch of RLUSD, a USD-backed stablecoin aimed at enhancing stability in payments and tokenization. Ripple has been expanding in regions like the Middle East through partnerships, such as with Bahrain Fintech Bay, to promote asset tokenization, stablecoin adoption, and blockchain innovation. Despite ongoing regulatory challenges, particularly in the US, Ripple continues to secure licenses and collaborations worldwide to drive digital asset integration in finance.
XRP Ledger teased major upgrades, completed institutional DeFi upgrades, and saw record activity.
Ctrl Alt, with support from Ripple, tokenized $280 million in certified diamonds with Billiton Diamond on XRP Ledger, marking one of the largest luxury asset tokenization deals in the Middle East.
XRP spot ETF recorded net inflows of $1.22M on February 26, 2026.
Validators voted down upgrade for March 5, 2026, after AI detected a logic error allowing funds to be drained without private keys, putting nearly $80B at risk.
Integrates with Flare and Xaman Wallet for cross-chain DeFi access through single transactions, enabling one-click DeFi vault deposits and unlocking 2 billion XRP.
Expands builder ecosystem funding model in 2026 to include new programs, community-led funding mechanisms, expanded accelerator opportunities, and regional ecosystem hubs, supporting decentralized development.
Has deployed more than $550M into ecosystem initiatives supporting projects worldwide since 2017.
Integrated with Oobit payments app via DTR routing infrastructure to enable wallet-to-bank transfers, supporting XRP alongside BTC, ETH, USDT, USDC, and SOL for settlements into traditional banking networks using SEPA, ACH, and SPEI payment systems.
XRP spot ETFs recorded net inflows of $3.09M on February 25, 2026.
Received investment from Ripple and Franklin Templeton in T54 Labs, a startup developing security and trust tools for AI agents in financial systems.
XRP price increased 6% to $1.42, with retail buying surging 212% and spot demand outpacing selling 2-to-1 amid institutional accumulation. Volume surged 212% on Bitrue Singapore.
Citrini Research issued a major buy signal for XRP, arguing that scalability-focused chains including XRP are best positioned for the next leg of adoption growth.
Ripple CTO David Schwartz publicly addressed XRPL decentralization concerns, stating the ledger was designed so Ripple could not control it even under legal pressure.
XRP spot ETFs recorded net inflows of $3.04M on February 24, 2026.
Reached $1.1B in net assets since launching in November 2025.
Reaches 7.64 million activated accounts as of February 2026.
Partnered with DSRV and SBI Ripple Asia for joint research on Korea-Japan blockchain remittances exploring XRPL for cross-border settlement.
300 million XRP deposited for lending on Maple platform.
Integrated with Soil Farm's yield protocol, enabling yield generation on RLUSD through RWA-based vaults deployed on XRP Ledger.
XRP ETFs recorded zero net inflows and zero net outflows on February 23, 2026.
Flowed 31 million XRP into Binance, led by whales holding 100,000 to 1 million XRP and whales holding over 1 million XRP.
XRP ETF holdings crossed 1% of circulating supply; recorded net positive inflows every month, including $667M in the first month and $49M in February 2026.
Recorded XRP spot ETF net inflows of $1.8446M for the week ending February 22, 2026, while XRP price declined 10% to $1.32.
XRP Ledger's XRP token recorded net ETF inflows of $6.35 million for the week ending February 22, 2026.
Processes approximately 2.5 million daily transactions as of February 2026, representing a 40% increase.
Fixed critical security flaw in Batch amendment upgrade, audited by Cantina's AI Code Analyzer, flagged by AI bug hunter, preventing unauthorized transactions with no funds at risk.
Recorded $1.93B in weekly realized losses, largest since November 2022.
SBI Holdings launched a ¥10 billion ($64.5M) on-chain bond issuance, providing XRP rewards for retail investors.
Whales holding between 10 million and 100 million XRP reached their largest supply share in history.
Participated in Aave's Merit-as-a-Service infrastructure alongside Ripple, Ethena, Plasma, and other partners, contributing to $80M in partner-provided incentives during 2025.
XRP ETFs recorded zero net inflows and zero net outflows on February 20, 2026.
Over $5 million worth of real estate has been tokenized on XRP Ledger with title deed backing, land registry integration, and Ripple Custody support.
Dubai Land Department launched secondary trading for tokenized real estate in Dubai on XRP Ledger.
200 million XRP left Binance over a 10-day period ending around February 20, 2026, with the supply ratio on the exchange dropping from 0.027 to 0.025.
Deutsche Bank expands Ripple integration for global payments.
XRP spot ETFs recorded net inflows of $4.05M on February 19, 2026.
An early APAC hire has left the Ripple XRP team in February 2026.
Société Générale launched its €65.8M EURCV stablecoin on XRP Ledger.
Received conditional approval from the Office of the Comptroller of the Currency for national bank status, allowing it to custody crypto, issue stablecoins, and manage stablecoin reserves under federal framework, joining Circle, Paxos, and Bridge.
Launched BDACS regulated institutional custody service for XRP in South Korea in 2025.
Partnered with Hana Financial Group and Dunamu/Upbit for overseas payment system pilots involving blockchain remittance technology.
Generated over $1 trillion in cumulative XRP/KRW trading volume on Upbit during 2025, with XRP being the top-traded crypto asset all year and regularly hitting $1B+ daily volumes.
XRP spot ETFs experienced net outflows of $2.21 million on February 18, 2026.
Generated $1.8B in trading volume on Hyperliquid over a two-week period ending in mid-February 2026.
100 million XRP now generating yield on Flare Networks through minting of 100 million FXRP tokens.
Coinbase enabled XRP, DOGE, ADA, and LTC as collateral for loans up to $100,000 via Morpho on Base for eligible US users (excluding NY).
Arizona's SB1649 bill creates a Digital Assets Strategic Reserve Fund, adding XRP and Bitcoin as eligible assets.
Payment volumes decreased 90% from an early-February 2026 peak of multibillion-unit daily levels.
Crypto.com is running an XRP App Campaign from February 18 to March 4, 2026, rewarding the top 2,000 users with $10 in XRP for buying or depositing XRP.
XRP ETFs recorded zero net inflows and zero net outflows on February 17, 2026.
Reached 5-week high in social media bullishness, driven by partnership announcements, according to Santiment data. Grayscale also ranked it second most talked about cryptocurrency after Bitcoin.
Standard Chartered reduced its XRP end-of-year price target by 65% from $8 to $2.8, citing challenging market conditions.
Ripple has grown to over 1,500 employees.
Included in Trump Media & Technology Group's planned Crypto Blue Chip ETF filing with the SEC alongside BTC, ETH, SOL, and CRO.
Receives fresh inflows into investment products during the week ending February 16, 2026, while Bitcoin and Ethereum experience outflows and XRP ETF sees declining inflows.
XRP ETFs recorded $4.50 million net inflows on February 16, 2026.
Recorded $1.2 billion in 24-hour trading volume across South Korea's top exchanges (Upbit and Bithumb), leading the local market.
Recorded XRP ETF net inflows of $7.65M during the week ending February 16, 2026.
X platform is reportedly in internal testing for stock and crypto trading, with speculation about potential XRP Ledger integration.
XRP spot ETFs recorded net inflows of 3.3 million XRP on February 13, 2026, with Franklin's XRPZ adding 1.12 million XRP, Bitwise adding 1.85 million XRP, and Canary adding 329,970 XRP.
Binance's XRP reserves fell to approximately 2.5 billion XRP, the lowest level since early 2024.
Launched Token Escrow feature on mainnet, enabling treasury management, automated transactions, and decentralized marketplaces.
XRP ETFs recorded $6.42 million net outflows on February 13, 2026.
XRP spot ETFs experienced net outflows of $6.42 million on February 12, 2026.
Ripple CEO Brad Garlinghouse joins CFTC's 35-member Innovation Advisory Committee.
Integrated RLUSD stablecoin on Binance, enabling deposits. Withdrawals will open with sufficient liquidity.
ICE Futures US is launching single token cryptocurrency futures contracts for XRP.
Surpassed Solana in RWA tokenization value.
Partners with Aviva Investors ($345B AUM) to tokenize traditional fund structures on XRP Ledger, with Ripple supporting issuing and managing tokenized funds.
XRP ETF saw $3.3M in net inflow on February 11, 2026.
Goldman Sachs discloses $153M XRP exposure as of February 10, 2026, representing 0.33% of its $2.36B total crypto portfolio, with $152M in XRP ETF holdings comprising 0.05% of its portfolio.
Partnered with Doppler to integrate OpenEden's tokenized US Treasuries ($TBILL) and yield-bearing stablecoin ($USDO) into Doppler's yield protocol on XRP Ledger.
XRP spot ETF recorded $6.31M net inflows on February 9, 2026.
Wrapped XRP goes live on Solana, enabling cross-chain access to XRP on the Solana network.
Integrated Ripple Custody with Securosys and Figment for institutional staking on Ethereum and Solana.
Ripple Labs, the company behind XRP Ledger, achieved a valuation above $50 billion, entering the top 10 most valuable unicorns globally according to CB Insights data.
Faces heavy resistance around $2.05 to $2.30 that bulls must clear to flip the short-term trend.
Soil launched RWA-backed RLUSD yield vaults on Doppler Finance across XRPL and Ethereum on February 9, 2026, with a $1M RLUSD cap per vault on each chain and weekly yield distributions starting February 13, 2026.
Recorded net inflows of US$63.1m into XRP ETP products during the week ending February 9, 2026, despite overall market outflows of US$187m.
Bounced 18% after a -43.6% price crash, then climbed 7% to $1.44 following Bitcoin recovery, steadied near $1.45 on February 9th, 2026, facing resistance around $2.05 to $2.30, now trading at $1.36 with a 2% decline.
teased major upgrades to the XRP Ledger on 2026-02-05
Reached 78,727 unique addresses in a single 8-hour period, the highest level in 6 months.
Options market volume reached 18.93 million contracts in 24 hours, a record high, with Deribit accounting for 18.64 million contracts (7.39 million calls and 11.25 million puts).
Published "Institutional DeFi" roadmap; completed upgrades with built-in compliance features, positioning XRP as a core settlement and bridge asset.
Activated Permissioned Domains and members-only DEXs for regulated TradFi institutions with approved participants, enabling trading by February 20, 2026, for on-chain services with regulatory compliance.
RLUSD market cap on XRPL increased 164% quarter-over-quarter to $235 million in Q4 2025.
U.S. spot XRP ETFs launched in November 2025 and reached $1 billion in assets under management in less than four weeks, the fastest among all crypto ETFs since ETH ETFs.
Average daily transactions on XRPL increased 3.1% quarter-over-quarter to 1.83 million in Q4 2025.
Added to Germany's ING Deutschland bank's crypto ETP offerings through products from Bitwise and VanEck.
XRP ETFs ended January 2026 with slightly positive net inflows.
Billiton Diamond and Ctrl Alt tokenized over $280 million worth of certified diamonds using XRP Ledger and Ripple custody technology in the UAE.
Moscow Exchange plans to launch XRP futures in 2026, alongside Solana and Tron futures.
Ripple receives full Electronic Money Institution (EMI) license from Luxembourg's regulator, enabling regulated digital payment services across the European Union.
Realized Price reached $1.48
Included in a decentralization analysis rating alongside BTC, ETH, SOL, TRX, and ADA, receiving one of the lowest scores in the comparison.
Launched 24/7 treasury rails.
Added 42 wallets holding 1 million or more XRP tokens, marking the first increase in millionaire wallets since September 2025.
Hosted XRP Community Day on February 11, 2026, promoted by Gemini, with Brad Garlinghouse, Tony Edward discussing institutional adoption, capital markets use cases, tech developments, community, ecosystem adoption, utility, roadmap, and regional sessions for EMEA, Americas, APAC.
Ripple entered a partnership with Jeel Movement, the innovation arm of Riyad Bank (a $130B institution), to explore blockchain use cases.
XRP markets went live on Boros platform.
Recorded $18.2 million in investment product outflows during the week ending mid-January 2026.