XRP (Ripple)
Crypto for fast cheap interbank transfers, controversial.
XRP (Ripple): launched 2012 (Larsen, McCaleb, Schwartz). RPCA consensus (federated), 3-5s finality, $0.0002/tx. Goal: replace SWIFT. SEC sued 2020, partial 2023 verdict (XRP not security in retail), 2024 $125M settlement. XRP Army most hardcore. Criticized for centralization (Ripple holds most supply).
In plain words
Crypto created by Ripple Labs for fast cheap interbank transfers, a SWIFT alternative. Tx in 3-5 seconds, fee a fraction of a cent. Controversies: a large chunk of supply is held by Ripple itself (centralization) and the company battled the US SEC for years. The most devoted community in crypto.
Example
ATH Jan 2018: $3.84. Post-SEC lawsuit (Dec 2020): $0.17. Partial verdict (Jul 2023): $0.85. Nov 2024: $1.50 (new SEC rally). 2025 ATH: $3.30 (attempting 2018 high).
Also known as: XRP, Ripple