Ripple is a real-time gross settlement system, currency exchange and remittance network created by Ripple Labs Inc., a US-based technology company.

What was XRP before?

On May 5, 2015, Ripple received a US$700,000 (equivalent to $764,271 in 2020) civil money penalty from U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) for “willful violation of the Bank Secrecy Act by acting as a money services business without registering with FinCEN.” On October 6, 2015, the company was ...

When was XRP at its highest?

XRP rocketed upward at the end of 2017 during the crypto boom. On Jan. 4, 2018, it hit $3.84, which is still its all-time high. The price crashed nearly as quickly as it had gone up, and it was below $1 by the end of January 2018.