Fake ’XRP’ Issued on XRPL Sparks Community Confusion
A token issued on the XRP Ledger (XRPL) using the hex currency code 5852500000000000000000000000000000000000 — which decodes to "XRP" — has been created and drawn attention from the XRPL community. XRPL validator Vet posted a screenshot highlighting the issued asset named "XRP" and explained why it is not genuine: the native XRP is unique on XRPL and is not an issued asset, requires no trustline, and was fully minted at inception (100 billion max supply). Although the literal string "XRP" appears as the decoded currency code, XRPL rules disallow using the reserved human-readable code "XRP" for issued currencies; however, the hex code used is technically permitted, enabling the confusing issuance. The incident raised warnings among community members about potential wallet or UX confusion and the need for clearer validation/display rules to prevent mistaken transfers or misinterpretation. No indication was reported that this fake token affects the native XRP supply or protocol-level behavior.
Neutral
This incident is primarily a technical/UX confusion rather than an economic event affecting supply or fundamentals. The fake token uses a hex code that decodes to the string "XRP," which may mislead users and wallets, but it does not change the native XRP token, its supply, or XRPL protocol rules. Short-term effects could include localized trading friction, caution among wallets and exchanges, and temporary volatility in order books if users mistake the issued token for native XRP. Historically, similar UX/confusion events (e.g., token impersonation or clone tokens on other chains) have caused short-lived sell pressure or withdrawal caution but did not materially alter long-term market direction once clarified. Longer-term, the episode may prompt wallets, explorers, and exchanges to tighten display rules and validation (reducing future risk), so fundamental market outlook for XRP remains unchanged. Therefore the expected market impact is neutral: possible short-term noise and caution, but no sustained bullish or bearish shift tied to fundamentals.