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The XRP symbol is open source and free for anyone to use however they'd like other than using the symbol in reference to Ripple, the company.
Guidelines for the XRP Symbol
Please do not use the Ripple logo to refer to XRP or the XRP Ledger on any digital or printed materials.
The story behind the XRP Symbol
The new XRP symbol we proposed exemplifies the unique attributes that differentiate XRP from other digital assets. Its “x” refers, in part, to XRP’s role in efficiently moving money across borders. An “x” also mathematically suggests a multiplier effect — where entities are building on one another to create something bigger — the same way the community drives innovation with XRP and the XRP Ledger.
Up and down arrows represent sending and receiving — a value exchange, like the two sides of completing a transaction, and the possibility of increased connectivity across different entities. The organic shape of its curves is suggestive of the human form — a nod to the community that supports XRP and its ecosystem.
Most importantly, no one entity or business holds legal rights to this new symbol, and it is simple to draw, allowing for easy adoption by anyone.
XRP Text Mark