Cryptocurrency enters our life and helps real-sector companies facilitate operations by integrating blockchain technologies. These are primarily financial institutions and companies aiming to improve financial processes, such as money transfers worldwide. One of the most popular crypto networks that work with real-sector establishments is Ripple. Cryptocurrency Ripple XRP is used by
- Financial institutions, banks
- Developers
- Individuals.
Through the XRP token, all the mentioned users can conduct cross-border payments in a matter of seconds (one transaction takes 3 – 5 seconds) at low fees ($0.0002 per transaction). In addition, the Ripple network consumes 61,000X less energy than other blockchains running on the Proof-of-Work mechanism.
XRP price does not show significant growth. In 2022, it ranges between $0.3 and $1. The reason for such a low value of XRP is the ongoing court case started by the SEC, which claims that XRP must be officially acknowledged as stock. The development of the Ripple network slowed down against the backdrop of legal proceedings.
XRP Price Prospects
XRP is still one of the most traded crypto assets throughout all crypto platforms. Large market participants hold the token long-term to receive income when Ripple solves all the issues with the lawsuit. Without this trouble, the project would have had hundreds and hundreds of new partners and companies using the Ripple ledger. Experts believe as soon as the court case is closed, the project will start developing in full, and the XRP price can reach $1.57 in 2025 and $2.31 in 2017.
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