XRP Other Name: 3 Key Aliases & What You Must Know

What Is XRP? The Digital Asset Behind the Names

XRP is a cryptocurrency created by Ripple Labs to revolutionize cross-border payments. Operating on the decentralized XRP Ledger (XRPL), it enables near-instant, low-cost international transactions. Unlike Bitcoin’s proof-of-work model, XRP uses a unique consensus protocol that validates transactions in 3-5 seconds with minimal energy consumption. As the native token of XRPL, XRP serves as a bridge currency for financial institutions and powers transaction fees on the network. Despite its technical name, it’s widely known by three alternative aliases in crypto circles.

3 Common Alternative Names for XRP Explained

Confusion often arises between XRP and related terms. Here are the three most frequent alternative names:

1. Ripple (The Brand Misnomer)
   Many mistakenly call XRP “Ripple” due to its association with Ripple Labs. While Ripple develops payment solutions using XRP, they are distinct: Ripple is the company, XRP is the independent digital asset. This mislabeling persists because Ripple holds significant XRP reserves and promotes its utility.
2. Ripple Coin (The Colloquial Term)
   Common in casual discourse, “Ripple Coin” blends the company name with cryptocurrency terminology. It reflects public perception but isn’t technically accurate—XRP functions as a token, not a standalone coin. Exchanges sometimes list it as “Ripple (XRP),” further entrenching this hybrid name.
3. XRP Ledger Native Token (The Technical Designation)
   Developers and whitepapers refer to XRP as the “XRP Ledger Native Token,” emphasizing its role within the XRPL ecosystem. This name underscores its function in paying transaction fees and securing the network through anti-spam mechanisms, distinguishing it from smart contract tokens like Ethereum’s ETH.

Why Multiple Names? Untangling the Confusion

The naming ambiguity stems from Ripple Labs’ foundational role. Founded in 2012, the company:

• Co-created the XRP Ledger (originally OpenCoin)
• Holds ~50 billion XRP in escrow
• Builds enterprise solutions like RippleNet that utilize XRP

This tight integration led to brand overlap. Regulatory filings compound confusion—the SEC’s 2020 lawsuit against Ripple Labs referred to XRP as “Ripple.” Clarity is crucial: XRP exists independently of Ripple, with its blockchain predating the company’s incorporation.

XRP vs. Ripple: Critical Distinctions

Understanding the differences prevents costly mistakes:

Term	Definition	Relationship to XRP
XRP	Cryptocurrency on XRP Ledger	Native asset
Ripple Labs	Fintech company	Developer/Promoter
RippleNet	Payment network	Uses XRP for liquidity
XRPL	Decentralized blockchain	Hosts XRP transactions

Key takeaway: Buying “Ripple” typically means purchasing XRP tokens, but investors should verify asset tickers (XRP) on exchanges.

FAQ: Your XRP Naming Questions Answered

Is XRP officially called Ripple?

No. Ripple is the company, while XRP is the cryptocurrency. The confusion arises from historical branding but they are legally and technically separate entities.

Why do exchanges list XRP as “Ripple”?

Some platforms use “Ripple” for name recognition among beginners. Always check the ticker symbol (XRP) and asset descriptions to confirm you’re buying the correct token.

Can Ripple Labs control XRP?

Not directly. Though Ripple influences XRP’s utility, the XRP Ledger is decentralized and governed by validators worldwide. Ripple’s escrowed XRP releases follow transparent, pre-programmed schedules.

What’s the most accurate name for this cryptocurrency?

“XRP” is the technically correct designation. When precision matters (e.g., trading or contracts), always use “XRP” rather than colloquial terms like “Ripple Coin.”

Navigating the XRP Ecosystem Correctly

Understanding XRP’s aliases—Ripple, Ripple Coin, and XRP Ledger Native Token—empowers you to engage confidently with this $30+ billion market cap asset. Remember: XRP operates on its own decentralized ledger, while Ripple Labs builds enterprise tools leveraging its speed. As regulatory clarity evolves, precise terminology becomes increasingly vital for investors and developers alike. Whether you’re trading, developing on XRPL, or researching crypto innovations, recognizing these distinctions ensures you’re basing decisions on facts, not branding folklore.