Ripple is a cross-border payment system for financial institutions. It can be compared to SWIFT. Management of Ripple is more or less centralized, but its XRP cryptocurrency can be used in the same way as any other coin. It can be purchased as an investment and exchanged for other cryptos.
Ripple (XRP) price: what is the current price?
Here is the live price of Ripple.
The essentials to know about Ripple
Creation of the XRP crypto
Ripple is not a cryptocurrency in the classic sense of the term. Rather, it is a peer-to-peer digital payment network and protocol built on a decentralized platform. It is designed to enable financial institutions to conduct fast transactions in a secure ecosystem, with XRP being the cryptocurrency that serves as the “gateway” in the network.
The Ripple project predates Bitcoin. In 2004, John Fugger launched a peer-to-peer financial network called RipplePay. The goal was to capitalize on financial relationships between network participants to eliminate the need for banks. In 2012, Fugger officially handed over RipplePay to Jed McCaleb (a blockchain pioneer) and Chris Larsen. Subsequently, the company name changed twice between 2012 and 2015.
How does Ripple work?
- Ripple is blockchain-based, although its governance is not decentralized.
- Transactions are validated by consensus via bank servers.
- Ripple transactions are inexpensive compared to traditional banking networks.
Crypto XRP: our opinion and prediction for 2022
Ripple Project Reviews
Ripple brings innovation to the traditional sphere of financial transactions. It is the most adopted cryptocurrency by banks.
Price Volatility Notice
Despite the strong fluctuations of 2021, Ripple remains one of the most stable cryptocurrencies. In intraday, the price evolves in range for most of the time.
Mid-Term XRP Price Prediction
Ripple seems to find its equilibrium between 0.5 and 1 dollar. So these are 2 important decision points.
Long Term XRP Price Prediction
XRP is not a cryptocurrency destined to make exceptional growth. We can expect it to oscillate in the long term between 0.5 and 1.5 dollars.
Conclusion – should you invest in crypto Ripple?
Ripple is a very reliable project and its cryptocurrency is one of the most valued in the crypto industry.
Useful resources for investing in Ripple (XRP)
The information provided on this website should not be taken as investment advice, financial advice, trading advice or any other kind of advice and nothing on the website should be considered as such. Mirror Mag does not recommend that you buy, sell or hold cryptocurrencies.
Be vigilant and consult your financial adviser before making any investment decision. The display of advertisements and hyperlinks from third parties on Miroir Mag does not in any way imply the approval, guarantee or recommendation of Miroir Mag. Before using any third-party service, you should do your own research. Mirror Mag is likely to receive compensation through affiliate links.
Azoma devours the press on a daily basis. He brings through his writings a synthetic decryption on the news of the moment.