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What is XRP?
Recent XRP Stories by Messari
👨🏼⚖️ California court rebuffs motion to remand against Ripple
A district court in the United States has junked a motion seeking to remand against Ripple Labs and its subsidiary XRP II ($XRP). In May, an XRP investor named Ryan Coffey filed a securities class action lawsuit in a San Francisco court alleging that the defendants—Ripple Labs, XRP II, and Brad Garlinghouse along with 10 other individuals—violated state and federal securities laws whilst engaging in illegal schemes to raise several hundreds of millions of dollars through the sale of unregistered XRP tokens. The plaintiff also claimed that XRP is not a genuinely decentralized project. However, the court ruled that Coffey failed to show whether the presence of a Securities Act issue was sufficient to bar the defendant from removing an action under the Class Action Fairness Act.
🏦 Coinbase Custody announces list of 40 potential assets
Coinbase announced a list of 40 assets it plans to offer through its custody platform including notable large-cap projects like XRP ($XRP), EOS ($EOS), and Monero ($XMR). Some of the assets on the list are not currently trading including Filecoin, Hadera Hashgraph, and TaTaTu. While the company has plans to offer custody of these assets, which would require users to hold at least $10 million on the platform, Coinbase has not provided a timeframe for when they will be available.
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XRP & Related News
XRP Historical Price Lookup
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XRP Supply Snapshot
Y2050 supply (est.)
% Y2050 Issued
The total supply of XRP was created all at once by Opencoin (renamed 'Ripple Labs' in 2015) when the project began in 2013. The company engaged in giveaways (originally 50,000 XRP were given away for free to bitcointalk posters) as well as direct sales to distribute the coins, but retained the vast majority of XRP for the company itself, to be distributed (sold) into the market over time, at the company's discretion. In May 20171, Ripple (rebranded from 'Ripple Labs') put 55 Billion of their retained XRP into a cryptographically-locked escrow account capping the maximum they can withdraw at 1 Billion XPR per month.
This is a number ranging from -1 to 1, which represents the degree to which movements in the two assets are historically correlated. Specifically, OCFX is calculating the Pearson Coefficient over the daily returns of the two assets. This is calculated over the time-range the chart is set to, and will be re-calculated if the chart's time-range is changed.
A negative number indicates that if asset A moves in one direction, asset B has historically most likely moved in the opposite direction. Similarly, positive values indicate prevelance of same-direction moves.
The Bletchley 10 is composed of 10 of the largest cryptoassets, weighted by marketcap. As such, it tends to track the 'large-caps'.
The Bletchley 20 is composed of 20 medium-capitalization cryptoassets.
The Bletchley 40 is composed of 40 small-capitalization cryptoassets.
Together, these indexes give good at-a-glance understanding of how large-caps are performing relative to medium/small-caps over the past 24 hours.
For further detail on Bletchley index construction, asset eligibility, rebalancing, and weightings, see the Bletchley Indexes methodology detail page.