Ripple’s XRP Drops 5% After Executive Is Hacked, Sparking Rumors of Network Breach

Ripple (XRP) is the sixth-largest cryptocurrency by market cap, according to CoinMarketCap, and it is the native token of the XRP Ledger, which is a blockchain that specializes in payments. Ripple Labs, the company that built the network, uses it to power tools like RippleNet, its cross-border payments platform focused on financial institutions.

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