Ripple, XRP

‌The world is changing, and so does the world of money. The acceleration of technology development in the past 20 years and the wide adoption of e-commerce made many think of the optimal way to make inbound and outbound payments. Traditional systems like SWIFT could no longer answer the needs of modernity – one single transfer is expensive and takes 2-3 days to arrive.‌‌

The conquest for finding a perfect solution to this issue overtook the crypto space with several projects, including Ripple attempting to develop a platform for instant transfers in the early days of the crypto industry. In 2012, Ripple Labs launched XRP Ledger and introduced XRP, the network's native coin.

History and Objectives

Ripple's routes come from RipplePay, a money transfer platform founded by software engineer Ryan Fugger. Fugger wanted to let people and communities create their digital currencies. Soon after, Jed McCaleb and Chris Larsen approached him with a consensus-based transaction concept, and he gave up his project. McCaleb and Larsen registered the OneCoin company and developed the Ripple protocol (RTXP). In 2013, OneCoin was renamed to Ripple Labs.

Ripple follows the Internet of Value (IoV) narrative, which argues that the speed of money and information should be the same.

What Is so Special about XRP?

Ripple aims to speed up the world of finance with RippleNet and XRP Ledger:‌‌

  • RippleNet is a global network that banks can utilize to make fast transactions and raise the transparency of their operations. The solution offers high speeds and low fees, making it an interesting alternative to SWIFT or SEPA.
  • XRP Ledger is Ripple's blockchain upon which its native digital asset XRP operates. Both the network and coin are independent of their creator but are used accordingly. XRP Ledger is similar to the Ethereum or Binance ecosystems – developers can take advantage of it to build solutions.


Ripple Labs has a clean background; no security breaches have been recorded. Ripple uses a special algorithm that operates real-time and checks for the correctness of changes made by just-approved transactions before adding the final results to the Ledger.


Ripple has gone far – from RipplePay to an entity with cross-border payments solutions. As of 2021, the company has partnerships with 100 financial institutions, including Santander Bank and Canadian Imperial Bank of Commerce.

Ripple's solution RippleNet is demanded in developing regions – on October 26, 2021, the company announced it joined forces with Pyypl, a financial blockchain-based company operating in the Middle East and Africa.

However, despite partnerships and products, Ripple ended up in the battle with Security and Exchange Commission (SEC), which believes that Ripple's native coin XRP is a security, thus making the initial sales of tokens illegal and subject to a lawsuit. At the same time, Ripple accused the SEC of affiliating with competitors. The legal battle has been going on for months without a final decision on the case.

XRP Coin

XRP is RippleNet's native coin. It runs on Ripple blockchain and is tradable like any other well-known cryptocurrency. XRP is a pre-mined cryptocurrency: all 100 billion coins were created at the very inception, with 99,990,075,944 currently available for purchase.

XRP is available on almost all major crypto exchanges, including Binance, Bittrex, and Kraken. You can also purchase Ripple's native digital asset on CoinLoan.

XRP Coin Price Change

The starting price of a token on May 22, 2014, was just $0.0024. XRP gained momentum during the 2018 bull run – the coin spiked in value and reached its still unbeaten all-time high, $3.40. That was the highest mark XRP has achieved during its existence. In Q2 2018, like other cryptocurrencies, it fell to $0.40 but has since recovered. Today, the token price fluctuates between $0.94 and $1.10. Overall, XRP is now worth 36 times more than at its very beginning.‌‌

XRP Price, Ripple Price
XRP Price Chart. Source: CoinGecko

XRP on CoinLoan

You can buy XRP in many places, but CoinLoan offers more than just a purchase. We offer our clients management tools to help them earn on their cryptocurrency. Try CoinLoan Interest Account with compound interest or get an instant loan with the XRP collateral.

Use XRP as Collateral for Crypto Loans

On CoinLoan, you can turn your XRP fund into collateral and get a loan in any available cryptocurrency. Our loans are automatic and offer several options – you can choose the period, digital asset, or LTV. Final fees and conditions depend on your picks. Sign up to get a loan today.

Use XRP to Receive Interest

With a CoinLoan Interest Account, you can earn compound interest on your XRP. Deposit your coins and see them grow. We offer 5.2% APY on Ripple or 7.2% APY with the maximum CLT staking bonus. Sign up to start earning today.

How to Buy XRP on CoinLoan Exchange

You can use our trusted Crypto Exchange to buy and sell XRP on the move. We offer several exchange pairs, including BTC/XRP and ETH/XRP.