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Ripple (XRP) – Crypto price chart, background, and sentiment |
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Widgets supplied in partnership with Acuity. Pricing and sentiment does not represent ADSS data or market view.
Ripple (XRP) is a blockchain-based digital payments network, native to the XRP-Blockchain. It differs from other cryptocurrencies in its financial and payment function.
Widgets supplied in partnership with Acuity. Pricing and sentiment does not represent ADSS data or market view.
Created in 2012, XRP aims to serve as a bridge currency in cross-border transactions, with the potential to replace the traditional SWIFT system used by banks and financial institutions. Unlike many cryptocurrencies, XRP is not mined – all 100 billion XRP tokens were created at launch, with a large portion held by Ripple Labs.
Having significant differences from mined cryptocurrencies, XRP can be used for transactions on the XRP Ledger and as a bridge currency in Ripple’s payment protocols. The value of XRP is influenced by its adoption by financial institutions, regulatory developments, and overall cryptocurrency market trends. Notably, Ripple Labs has been involved in an ongoing lawsuit with the U.S. Securities and Exchange Commission regarding the classification of XRP as a security, which has impacted its market performance and availability on some exchanges. All cryptocurrencies are extremely volatile, and analysts are divided on their long-term value.
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