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.
XRPL integrates ZKPs for confidential finance, BlackRock partnership, $178M ETF inflows, Rakuten listing.
Integrated Boundless, enabling banks and asset managers to execute private, compliant transactions on public blockchain.
Formed a partnership with BlackRock focused on tokenization infrastructure and expanding RLUSD stablecoin integration with BlackRock's BUIDL fund.
XRP ETFs received $178M in inflows during April 2026.
Listed on Rakuten Wallet as tradable asset and payment method April 15, 2026, supporting Rakuten Points purchases, reaching 44M+ users across 5M+ merchants in Japan.
Perpetual open interest declined from 2B XRP to 1.5B XRP ($1.5 billion), a 25% decrease following the October 2025 deleveraging event.
Bybit launched XRPfi in collaboration with Doppler Finance, offering 5% APR on XRP with a 90-day fixed term (2.5% guaranteed base plus 2.5% bonus) and 30,000 XRP in rewards.
Saw $11.75 million net inflows for XRP spot ETFs for the week ending April 13, 2026, including $1.46M on that day.
Minted $150M FXRP (bridged XRP) on Flare network, with 85% deployed in DeFi.
Recorded Spot XRP ETF net inflows of $9M on April 11, 2026, and $9.09M on April 10, 2026.
Ripple signs strategic cooperation agreement with Trident Digital Tech Holdings to co-build a stablecoin payment system for the Africa market.
Recorded ETF outflows of $661,160 on April 9, 2026.
XRP perpetual futures with up to 10x leverage are now available on Bitstamp by Robinhood.
Posted $159 million in year-to-date inflows as of April 8, 2026, with Q1 2026 institutional surge.
Saw $120M institutional ETP inflows for week ending April 13, 2026, highest among all crypto assets and largest weekly gain since December 2025, alongside BTC and ETH. XRP spot ETFs contributed $3.32M net inflows on April 7, 2026.
Received a conditional OCC national trust charter, joining Ripple, Circle, BitGo, and Fidelity Digital Assets under OCC Bulletin 2026-4.
Partnered with SBI Holdings, Santander, Bank of America, PNC Bank, Standard Chartered, and MoneyGram for real-world financial services integration.
Percent of XRP supply in profit declined to 43.4%, the lowest level since July 2024, with price at $1.33.
Integrated with ONDO to deploy tokenized US Treasuries on the XRP Ledger, reaching approximately $1 billion in TVL.
XRP spot ETFs saw net outflows of $3.56M during the week ending April 6, 2026.
Featured as XRP Tokyo 2026 dedicated side event at TEAMZ Summit Tokyo from April 6-8, 2026.
Listed cbXRP on SigmaTrading on Base.
Saw $64.61K net inflows for XRP spot ETF on April 2, 2026.
Integrated into Open Wallet Standard (OWS) as a supported chain family. Launched OWS Hackathon on April 3, 2026, with RippleX, MoonPay, and Ripple, offering XRPL and RLUSD challenge tracks for agentic payments, commerce, and wallets using x402, receiving 250+ applications.
Ripple Prime US received BBB rating from KBRA, citing profitability, scaling derivatives activity, Treasury repo market expansion, and $500M Ripple capital support.
Ripple acquired G Treasury, a SWIFT partner since 2014, for Ripple Treasury.
Facilitated deployment of $53.6M in capital through 905 loans to 895 unique borrowers via Ripple's $15M RLUSD donation issued on XRPL to Accion Opportunity Fund in September 2025, creating 1,003 jobs and retaining 1,631 jobs.
Ripple acquired Counterparty TV.
XRP spot ETFs experienced net outflows of $1.32 million on April 1, 2026.
Arizona's digital asset reserve bills near final vote, allowing state to hold seized XRP rather than auction it off and invest up to 10% of public funds in digital assets including XRP.
Interactive Brokers launched crypto trading for XRP in the European Economic Area, enabling trading access for users across Europe.
Convera (formerly Western Union Business Solutions) uses RLUSD stablecoin on XRPL for cross-border payments and treasury solutions, leveraging a network handling $190B annually across 200+ countries.
Offers RLUSD staking campaign up to 20% yield on Bitget Wallet, ending June 25, 2026.
Ripple and Standard Chartered's venture arm SC Ventures backed Keyrock's Series C funding round, which valued Keyrock at $1.1 billion.
Options on Hashdex's diversified crypto ETF (NCIQ) that includes XRP Ledger began trading on Nasdaq on 2026-03-31, providing institutional derivative exposure to XRP alongside BTC, ETH, SOL, ADA, LINK, and XLM.
Recorded net outflows from XRP spot ETFs: $2.3M on March 30, 2026, and $2.31M on March 31, 2026.
Ripple Prime expanded Hyperliquid integration with HIP-3 symbols, enabling 24/7 institutional trading of tokenized commodities including oil, gold, and silver.
Crypto.com runs XRP campaign with $20,000 rewards pool for top 2,000 users purchasing at least $50 in XRP, from 2026-04-08 to 2026-04-22.
SEC reached its 240-day deadline on new spot XRP ETF applications on March 27, 2026.
Seven Spot XRP ETFs hold $1.44B in cumulative inflows, with Goldman Sachs as the largest holder at $153.8M. Accumulated $41M in net inflows during 2026, holding 1.13% of XRP's market cap as of 2026.
Ripple becomes National Trust Bank with OCC national bank charter effective April 1, 2026.
Ripple researchers proposed Confidential Multi-Purpose Tokens on XRPL for banking institutions, exploring post-quantum cryptography. SBI Ripple Asia developed a token issuance platform on XRP Ledger.
Recorded $15.8 million in investment product inflows during the week ending March 30, 2026, while broader digital asset markets experienced outflows.
Received net inflows of $2.6639 million into XRP spot ETFs from March 23 to March 27, 2026.
Ripple acquired TradFi firms Hidden Road, Treasury Prime for $4B in Q1 2026, bringing TradFi transaction volume to XRP Ledger.
Ripple CEO expects a record first quarter for Ripple, but this is a forward-looking prediction rather than a confirmed metric or event for XRP Ledger.
Launched AI-powered red team for network stress testing, finding 10+ bugs ahead of institutional scaling.
Added to Hashdex Nasdaq CME Crypto Index ETF (ticker NCIQ) as one of seven assets, alongside BTC, ETH, ADA, LINK, SOL, and XLM.
Saw $1.26M net inflows for XRP spot ETFs on March 25, 2026.
Featured in HTX trading competition with $50,000 USDT prize pool running through March 30, 2026, alongside PEPE, RIVER, BTW, HYPE, and ROBO.
Hits a major rally signal according to market analysis.
Integrated with Bitget Wallet for XRP and RLUSD transfers, cross-chain swaps, fiat on/off ramps for RLUSD, and card/QR capabilities. Supports 90M+ users with Mastercard and Tether for stablecoin settlements.
Whale wallets accumulated approximately 40 million XRP over the week ending March 25, 2026.
Included in Grayscale CoinDesk Crypto 5 ETF (GDLC), a multi-asset ETF approved on 2025-09-17 alongside BTC, ETH, SOL, and ADA.
Canary Capital XRP ETF (XRPC) launched in late November 2025 with record day-one volumes.
Ripple joins Singapore's BLOOM trade finance sandbox, piloting RLUSD stablecoin for cross-border settlement with its central bank, leveraging XRP Ledger and shipment verification triggers.
Recorded $1.39M net inflows in XRP ETF on March 24, 2026.
Recorded $0 net inflows/outflows in ETF products on 2026-03-23.
Disclosed a transaction set handling bug that could crash public nodes, patched in rippled version 3.1.2
Included as one of the supported blockchain networks in MoonPay's open-sourced wallet standard for AI agents, alongside EVM, Solana, and Bitcoin.
XRP spot ETFs recorded $636.48K net inflows during the week ending March 22, 2026.
Reached $568.9M stablecoin supply on XRP Ledger, doubling from December 2025 to March 2026.
Permitted for use in commodity ETFs that national banks can facilitate buying and selling for customers under OCC Interpretive Letter 1184 issued in May 2025, alongside Bitcoin, Solana, and Ethereum.
XRP spot ETFs recorded net inflows of $1.98M on March 20, 2026.
Evernorth holds 388 million XRP tokens purchased at an average price of $2.44, making it the largest institutional XRP holder.
Deployed on Ripple, partnered with Virtuals Protocol and 54.ai for AI agent commerce and trustless settlement across Base, xLayer, World Chain, BNB Chain, with onchain escrow, attestations, and native XRP/RLUSD payments via ERC-8183 standard.
Ripple-backed Evernorth Holdings filed Form S-4 with SEC for a $1B SPAC merger with Armada Acquisition Corp. II and Nasdaq listing under ticker $XRPN, aiming to become an XRP treasury company with a MicroStrategy-style model to accumulate XRP, currently holding 473M XRP ($692M).
Reached $73M TVL and 50M XRP staked on Firelight protocol on Flare.
Has approximately 25% of all XRP options on Deribit concentrated at the $1.40 strike price, totaling $14.6M, with expiry on 2026-03-27.
Recorded net inflows of $4.64M into XRP spot ETFs on March 17, 2026.
Classified digital commodity by SEC/CFTC on March 17, 2026, not a security, one of sixteen tokens designated in this category. Included in Grayscale's spot ETF commodity trust structure alongside BTC, ETH, SOL, DOGE, LTC, HBAR.
Partners with Allium and Walrus to bring indexed XRP Ledger data (part of 65TB total across multiple chains) onto an on-chain platform for institutional-grade data access.
Integrated with Rango Exchange cross-chain aggregator, expanding infrastructure support for cross-chain swaps and routing.
Launched Ripple Treasury, integrating XRP, BTC, RLUSD, and fiat in one real-time system for CFOs; filed for VASP license with Brazil's Central Bank for cross-border payment, digital asset custody, and treasury services.
XRP futures open interest on Binance increased 59% since October 2025.
Reached 7.7 million holders, including a record 5.66M holding less than 100 XRP, 2.01M holding 100 to 100K XRP, and 32,054 holding over 100K XRP.
Reached 46,767 active addresses on March 16, 2026, a 5-week high coinciding with XRP price rally, but dropped over 40% in a four-day period despite growth in retail holders.
Recorded net outflows of $5.98 million for XRP spot ETFs on March 16, 2026, bringing cumulative historical net flows to -$23.87 million.
Integration with Lava Network scheduled for 2026-04-17 as part of their Phase 2 rollout.
Listed as one of 15 eligible assets in T. Rowe Price's Active Crypto ETF SEC filing.
Sits at $1.50 price, $93.4B market cap, ranking #4, surpassing BNB, and over $95B cumulative transaction volume. Trading volume down 27.5% since late February 2026; XRP ETFs recorded two consecutive weeks of outflows.
Added to Binance Midnight Network Super Earn program, offering 120M $NIGHT rewards and 12M $NIGHT Glacier airdrop.
Digital asset investment products saw $76M outflows, including over $50M from XRP ETFs, during third consecutive week of overall market inflows.
XRP spot ETFs recorded net outflows of $28.07 million during the week of March 9 to March 13, 2026.
Recorded $10.7 million net inflows into XRP ETFs during the week ending March 15, 2026.
Recorded approximately $121 million in combined trading volume on Korean exchanges Upbit and Bithumb over a 24-hour period, with $88 million on Upbit and $33 million on Bithumb.
Integrated into Walmart's checkout system, allowing customers to buy, sell, and spend XRP directly through the Walmart app.
The Crypto Clarity Act remains stalled in the U.S. Senate with no action taken as of the March 1 deadline, affecting institutional adoption uncertainty for XRP Ledger and other crypto assets.
Recorded $5.7 billion in rolling 30-day usage for RLUSD stablecoin on the XRP Ledger.
JPMorgan forecasts mid-2026 CLARITY Act approval, shifting XRP Ledger oversight from SEC to CFTC via grandfather clause. SEC eases KYC pressure on XRP Ledger under redrawn crypto rules.
Reached 2.7 million daily transactions on the network.
Hosts over $1.1 billion in tokenized commodities, representing 15% of the global market and ranking second worldwide.
Spot ETF recorded zero net inflows and zero net outflows on March 13, 2026.
Trading volume increased by 38% over the past 24 hours.
Received $58M in US ETF inflows during February 2026, ranking second among all cryptocurrencies for institutional capital inflows that month.
Tokenized assets on XRPL now move programmatically to Ethereum, Solana, and other connected chains through Chainlink integration.
XRP ETFs saw $6.08M net outflows on March 12, 2026, while Bitcoin, Ethereum, and Solana ETFs recorded net inflows.
Acquired Hidden Road for $1.25 billion.
ETH devs demonstrated a 'native rollups' prototype
Launched $750M share buyback in private shares at a $50B valuation, up 25% from its $40B valuation in November 2025, allowing earlier investors and employees to cash out.
Increased RWA transfer volume by 1,282.6% over 30 days, reaching $139.85 million as of March 11, 2026, according to rwaxyz data.