Part of the confusion when it comes to investing in cryptocurrencies is which currency to invest in. There are hundreds of viable options that all operate differently, and all have different markets that react unlike any others. Most people will know about Bitcoin, and will want to invest there, but some will start to diversify and look for bigger opportunities, such as XRP.

XRP, the token created by the US company Ripple, is one of the biggest cryptocurrencies in the market, and it is one coin that operates in a very unique way in comparison to other coins — this brings with it some new and exciting opportunities. 

Ripple Investing: What Is It?

Investing in Ripple is not too unlike other investing. It does take a different turn as it is a cryptocurrency investment opportunity, and the fact that the coin of choice here is Ripple makes it slightly different from say trading in Bitcoin.

Cryptocurrency investing and trading is different in a good way from traditional investing as this space has been built to be very inclusive and have little to no barriers to entry. Cryptocurrency investing requires a smart phone and usually a low minimum deposit before a trader can start — but on some platforms it can take as little as 5 minutes to get going. 

So, when it comes to Ripple investment, it is important to know what makes this cryptocurrency so different from others. While the likes of Bitcoin and Ethereum and other top coins strive for decentralization, XRP is wholly owned by Ripple. 

Ripple is also trying to make a cryptocurrency to fill a unique niche in the financial world as they feel that cryptocurrency can be best used serving banks. The likes of Bitocin and others have been driving why should i invest in xrp replace or outdo banks while Ripple wants its token to be a coin banks use to transfer value over borders quickly and easily.

This is a good gap in the market as there is ample opportunity for banks to take advantage and keep up with the times by using Ripple and their XRP solutions. But it means the market for XRP is more affected and impacted by news surrounding bank adoption and regulation of cryptocurrency. 

With all this in mind, the question is how good of an investment why should i invest in xrp Ripple in and how long will it remain a top cryptocurrency asset that draws in investors. To answer that question, one needs to have a look at how the coin did in and years prior.

Is Ripple A Good Investment? How It Performed In

It may sound counter intuitive, but Ripple’s trajectory through and beyond is probably looking quite good based on the fact that it had a really tough and the years before. The coin suffered through and was one of the worse performing top crypto assets. But this means there is a lot of room for it to go up.

To understand the path to how XRP will perform inand how shaped it, it is pertinent to go back a few more years and examine the waves of XRP through its history. 

XRP was created by Ripple as far back as with a pre-mined supply of billion tokens. This figure is a lot larger than the set supply of Bitcoin which is 21 million coins. Additionally, why should i invest in xrp, more XRP coins can be created whereas no more Bitcoin will ever be made.

XRP was trading close to $ when it launched – and prices remained largely flat untilwhen the entire crypto industry went through an unprecedented boom. Most people know about Bitcoin’s peak in Decemberbut in April and May XRP ballooned to $ per token, why should i invest in xrp, with prices settling down around the $ range for the next six months.

Following Bitcoin’s boom, altcoin season set in and XRP prices rose 84 per cent in a day from $ to $ mid way through December The next two weeks XRP went to cross the $1 mark and finished the year on an incredible high of $, an increase of 38, per cent, compared with where it was at the start of

However, what goes up must come down and XRP fell below the $1 mark when February came around. XRP continued to struggle all throughout and even while other top crypto assets picked up the pace how to invest online share marketXRP still lagged behind.

Learn more about Technical Analysis

Investing In Ripple In ? Is It A Good Idea?

Having an understanding of Ripple’s background in the last few years, it is vital to understand if the coin is still a viable investment in and if you should pursue it. But to make this assertion, a few key understandings must be sought. 

It is important to understand if you are the right person to hold XRP and to trade it — to see if the coin suits your needs and wants. It is also very important to understand what drives the price of XRP and if its main role as a disrupter of the transaction industry is still relevant. 

XRP suits a number of different style traders and investors. It is a good coin for general cryptocurrency enthusiasts as it is an altcoin — that is to say separate from Bitcoin — but it is still respected and grounded enough as a top five coin with an established market. 

At the same time, XRP is also a good investment for thematic investors in the financial sector seeing as XRP is a coin aimed at mainstream financial institutions. This means that people looking to invest in the future of transactions and payment would have a good shot at looking at XRP.

More so some factors which influence the XRP token are different than those which impact other cryptocurrencies. Therefore, it could be used as a hedging tool when investing in other currencies.

And finally, and most relevant, is that XRP is a highly volatile asset and is very good for day traders as it can present many short-term trading opportunities, either for long or short positions.

If you feel that you fall into the category of investor or trader for XRP the next thing to consider in if this is the right coin for you is to see what shifts its market. As expected in the cryptocurrency space, general trends to the overall ecosystem play their part and XRP is known to move in tandem with other coins, notably Bitcoin. 

More so, mainstream adoption is a big market mover as Ripple’s platform serves the need of many financial organizations and other companies within the industry, therefore, whenever it is adopted by another well-recognized brand, it could contribute to its value.

Technological development aids the XRP market as Ripple is still considered a startup, and as such, could introduce many innovations, and could even pivot. Since Ripple holds some 61% of all XRP tokens, major changes within the company could have a strong impact on the currency.

Investors in the United States, however, have to wait to see who the saga with the SEC and Ripple unfolds. In earlywhy should i invest in xrp, after a major bullish breakout, the United States SEC claimed that Ripple sold unregistered securities to US investors. XRP is now already back to trading well above the prices before the story broke, making it likely for the altcoin to soar to new highs.

Ways To Invest In Ripple

As mentioned earlier, XRP, as a cryptocurrency, has very low barriers to entry to start investing and trading in. Someone new to the space can quite easily get their hands on XRP and begin their investing journey with the coin by just holding onto it and waiting for appreciation — or depreciation. 

However, there are a number of different ways that a person can actually invest in Ripple and start to make money off of XRP.

It all begins with buying and holding. This is one of the more common and popular methods employed with investing in cryptocurrency and has especially paid off why should i invest in xrp regards to Bitcoin. Buying and holding isa simple and usually effective method to profit from a cryptocurrency, but it may not be the best use of XRP.

As explained above, XRP is a volatile asset and it has been fluctuating in price for some time now. Its movement has not been steadily upwards like other coins as its price is affected runescape fruit bat money making guide 2022 a few different factors as it is owned by a full company in Ripple. 

Another popular method to invest in cryptocurrency is usually through mining but it must be mentioned that you cannot mine XRP and this again goes back to the supply being owned and controlled by a single company. 

The best way to invest and profit from Ripple is probably trading. In general, trading has become big in the cryptocurrency space as more and more sectors flood in to be part of the volatile and often profit-filled market. 

Trading in cryptocurrency, including XRP, has taken off with traditional traders as they flood to well-established platforms that offer similar professional services that they are used to. There are also a number of trading products, like XRP futures contracts that allow for shorting and leveraging that make this one of the best ways to invest in XRP. 

PrimeXBT is one platform that has attracted traditional investors into the cryptocurrency realm while still being approachable for new investors in XRP, and they explain a little better how XRP trading works and why it is a good investment. Read more here.

Pros And Cons Of Ripple

Just like any asset that is worth trading, and even more so, just like any cryptocurrency, there comes a list of pros and cons with XRP and trading Ripple. One needs to look at the pros and cons of the cryptocurrency space when it comes to trading, but going beyond that, it is important to understand what good and bad parts there are for Ripple trading. 

Pros

• Low cost: While all cryptocurrencies can be bought at fractions of a whole — like Bitcoin can be bought with as little as $10, XRP is a token with a small denomination. As explained above, Ripple has only once been above $1 and so, if you were to purchase the coin, you can get a lot for a little bit of money. 
• Solving a problem: Ripple has created XRP with the express goal of solving a real-world problem with blockchain and cryptocurrency. It solves problems for large financial institutions and also speeds up the flow of capital, why should i invest in xrp, which is excellent for the economy. But Ripple could work for small business owners, too. If it becomes widely adopted, the Ripple platform will provide millions of sole traders and entrepreneurs with access to the global economy.
• Having a real world use case and evidence of success — as Ripple does currently — means that there is a lot of potential and room for the coin to grow in its role which will also bring its market along with. 
• Major player: When looking at alt coins to invest in the first stop is usually the market cap as this gives an indication as to how much of an impact the coin has in the space. Ripple has constantly been in the top three for market cap across the crypto sphere despite dropping recently a place or two. 
• High market caps like this is a sign of investor confidence, why should i invest in xrp, and the fact that Ripple as a company is also doing well and valued high adds to the same sense of confidence. 
• More than a coin: Having XRP as a coin that is run by a company in Ripple may be against the decentralized vision of most cryptos but it is another pro for investors as Ripple Labs Inc has over full-time employers, including public relations and marketing specialists who promote the technology to banks, investors, new users, and the public.

Cons

• Ripple has control: While having Ripple in control of the cryptocurrency is good for investors from a confidence standpoint, it does bring in the age-old issue of centralized failings. The world has seen a banking collapse in which brought about Bitcoin, and if Ripple Labs makes some bad calls XRP can fail.
• Centralized: Ripple Chairman Chris Larsen owns around a third of all XRP. Ripple CEO Brad Garlinghouse also holds a significant amount, as do other senior board members, why should i invest in xrp. For many purists, this makes the coin feel centralized and against one of the core tenants of cryptocurrency.
• Because Ripple was specially designed for the banking and finance industry. Its primary purpose is to solve issues within the banking industry, rather than revolutionize the way ordinary people exchange or store value so this con may not be too relevant. 
• Battle of legacy: Ripple is also trying to solve a problem that has a current and well-regarded solution. This solution is known as SWIFT, and while SWIFT works, it is not the most up-to-date way of sending money across borders. 
• Ripple offers a more efficient way, why should i invest in xrp it has a long legacy to try and defeat if it wants to overcome SWIFT and take on the mantle of the new way of transacting.
• Ripple is currently involved in a legal battle why should i invest in xrp the US SEC. The SEC claims that Ripple sold unregistered securities to US investors when it issued XRP.

How Much To Invest In Ripple?

Like most cryptocurrencies, the barrier to entry is very low and it is intended to be an entry point for any one who wants to get into the space of trading. The fact that Bitcoin can be bought in fractions is once such an instance that proves this, why should i invest in xrp. More so, most crypto platforms also offer low minimum deposits to get started.

When it comes to Ripple and XRP, as discussed above, there is even more opportunity to get into trading this coin cheaply. The fact that each coin costs less than a dollar means that new investors can spend as little as $10 — on some platforms — and have in their possession a number of XRP tokens. 

If a trader wants to just test why should i invest in xrp waters out of cryptocurrency trading, XRP is probably one of the better ways to go about it because of its low denomination and popularity across many different platforms. Being a top crypto by market cap means that it will have many places to be traded and these platforms will usually offer a quick and cheap entry. 

FAQ: Frequently Asked Questions

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The information provided does not constitute, in any way, a solicitation or inducement to buy or sell cryptocurrencies, derivatives, foreign exchange products, CFDs, securities, and similar products. Comments and analysis reflect the views of different external and internal analysts at any given time and are why should i invest in xrp to change at any time. Moreover, they can not constitute a commitment or guarantee on the part of PrimeXBT. The recipient acknowledges and agrees that by their very nature any investment in a financial instrument is of a random nature and therefore any such investment constitutes a risky investment for which the recipient is solely responsible. It is specified that the past performance of a financial product does not prejudge in any way their future performance. The foreign exchange market and derivatives such as CFDs (Contracts for Difference), Non-Deliverable Bitcoin Settled Products and Short-Term Bitcoin Settled Contracts involve a high degree of risk. They require a good level of financial knowledge and experience. PrimeXBT recommends the consultation of a financial professional who would have a perfect knowledge of the financial and patrimonial situation of the recipient of bitcoin best price 5 minutes from now hxo.io message and would be able to verify that the financial products mentioned are adapted to the said situation and the financial objectives pursued.

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The price of Ripple has been climbing this month, reflecting the gains of other larger cryptocurrencies like Bitcoin and Ethereum.

Ripple is valued at around $ as of Monday afternoon, down from a two-month peak of $ on Wednesday.

It reached its highest ever price of over $ back in but crashed and stayed relatively low until Aprilwhen it exceeded $ before crashing again along with other crypto coins.

Here is what you need to know about Ripple, and where it could go next.

What is Ripple?

Ripple is a real-time gross settlement system, currency exchange and remittance network bitcoin investor 9 11 why should i invest in xrp released in

Its token is known as XRP, which currently has a market cap of over $ billion.

XRP’s purpose is to serve as an intermediate mechanism of exchange between two currencies or networks. Its transactions are both cheaper and much faster than Bitcoin.

A class action was filed against Ripple in May “alleging that it led a scheme to raise hundreds of millions of dollars through unregistered sales of its XRP tokens”.

The US Securities and Exchange Commission (SEC) initiated legal proceedings against Ripple Labs, CEO Brad Garlinghouse, and co-founder Chris Larsen in December last year.

In its initial response, the company said it had been unfairly singled out, adding: “The SEC’s theory that XRP is an investment contract ignores the economic reality that XRP is, and has long been, a digital asset with a fully functional ecosystem and a real use case as a bridge currency that does not rely on Ripple’s efforts for its functionality or price.”

The case is not due to be concluded until next year. It initially dented Ripple’s price, before it returned to reach April’s record high.

Ripple pride prediction

The current market consensus is that Ripple is trending in a good direction.

XRP price analysis from CoinCodex shows 27 indicators giving off bullish best way to invest in shares uk, with one bearish signal.

DigitalCoin‘s analysis says its price should reach average of $ in and $ in It could hit an average of $ bythe forecast suggests.

Should I invest in cryptocurrency?

People invest at their own risk and cryptocurrencies are not regulated by British financial authorities.

All crypto investments are risky, but meme coins like Shiba Inu are particularly volatile, and you should be prepared to lose everything you invest.

The Financial Conduct Authority (FCA) warned in January: “Investing in cryptoassets, or investments and lending linked to them, why should i invest in xrp, generally involves taking very high risks with investors’ money.

“If consumers invest in these types of product, they should be prepared to lose all their money.”

Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown previously explained the risks to i.

She said: “On top of being extremely volatile, most cryptocurrencies are unregulated, which not only adds another layer of uncertainty but also means that investors have little or no protection against fraud.”

What is Why should i invest in xrp is the native token of Ripple. Ripple acts as a medium of exchange for cryptocurrency, fiat currency, and other elements of value. Its native token functions as an intermediate currency to other crypto and fiat currencies without discrimination, thereby making it easier to exchange one currency for why should i invest in xrp transactions are settled on a peer-to-peer basis and are not subject to any waiting time. While bitcoin transaction validation takes minutes or hours, XRP transactions are confirmed within 4 to 5 seconds at a considerably lower cost than bitcoin.

Ripple does not use the proof-of-work (PoW) or proof-of-stake (PoS) as a consensus mechanism. Though its validation software can be downloaded by anyone, transactions are validated by a group of participants that are considered less likely to perform a fraudulent act. Unlike other cryptocurrencies, XRP is somewhat centralised as it has a default list of validators.

There are lots of reasons why you might want to invest in Ripple XRP. Many think that they have to be a savvy investor with lots of money — but, with some common sense and research, it’s pretty accessible, even for beginners.

If you are a long-term investor, Ripple may be a good investment for you.

Ripple XRP is one of the most recognized, yet most controversial cryptos in the market. This is due to a combination of its use case in banking, and uncertainty as to whether it is a security or not.

The controversies around its relationship with Ripple are so huge, that it came under the radar of the US Securities and Exchange Commission.

Despite its controversies, Ripple is one of the cryptos that made investors lots of money in the Bull Run. It has also performed quite well in Mayshooting from under $ to over $ in few weeks.

So after such a jump in price, and the SEC cloud still hanging over it, is Ripple XRP still a good investment? According to crypto experts, the answer is yes, why should i invest in xrp. It is one of the cryptos with the potential to make you rich in a very short time. If in doubt, here are 23 reasons why you should invest in XRP today. 

For someone looking to build a profitable crypto portfolio, there is every reason to invest in Ripple now. For context, here are 23 reasons why you should invest in Ripple XRP today.

If you want to buy or invest in Ripple quickly and easily, with 0% commission, check out eToro Exchange!

23 Reasons Why You Should Invest in Ripple Today

There are all kinds of reasons why you might want to invest in Ripple XRP — probably some you’ve never considered. Why should i invest in xrp are 23 that we found.

1. Ripple has fast transaction speeds

For a cryptocurrency to function as a currency, the transaction speeds have to be better than what is why should i invest in xrp offer in the market. Otherwise, there would be no point in it.

This is the main reason why Bitcoin is now viewed as a store-of-value than a currency. It’s slow, and the transaction costs are getting out of hand. On its part, XRP functions quite efficiently as a currency, a factor that could see its usage grow exponentially in the long run.

Not only can XRP handle thousands of transactions per second, but it also does it almost instantaneously. This will be critical to its long-term growth in value and makes it a worthy investment.

2. Ripple has a strong network effect

Ripple is one of the world’s most recognized cryptocurrencies. The only other cryptocurrencies that have the same level of recognition as XRP is Ethereum and Bitcoin.

Its strong market presence stems from the fact that it is one of the oldest cryptos, and that it was the 3rd largest in crypto for years. This why should i invest in xrp changed recently, after issues why should i invest in xrp the SEC escalated, why should i invest in xrp.

So does its recognition matter? Well, it matters because as the market keeps expanding, newbie investors are likely to focus on most of the top cryptocurrencies. This could see XRP uptake grow, and as demand grows, so will its value.

Read Also: Why Ripple Is Going To Explode

3. XRP Nominal Price is Low

Even if trading short of its all-time high of $68k, Bitcoin is still gaining in value.

Most altcoins are gaining rapidly too. In this fast-expanding market, small investors looking to buy crypto in sizeable volumes are looking to high potential cryptos with a low nominal value.

XRP is one of the best on this front. Unlike most tokens that may not have much underlying value, XRP is quite cheap and affordable, and it has value through adoption. This makes it perfect crypto for one to buy in large volumes, in anticipation of more gains in the future.

4. XRP is listed on multiple exchanges

Where crypto is listed matters a lot in its value appreciation. That’s because, if it is not easily accessible, then demand is only limited to those who can access it. XRP does not have this problem.

As one of the oldest cryptocurrencies, XRP is listed on pretty much all major exchanges. Once its issues with the SEC are over, even more exchanges, especially American ones will list XRP. This not only makes it liquid but also one primed for exponential gains as the uptake of cryptos as a mainstream investment grows.

5. Ripple has a strong and aggressive community

The Ripple XRP community is one of the largest, strongest, and most aggressive in the world. Anytime XRP comes under attack, they fight back on all platforms from Twitter to Reddit.

The latest was during the SEC case where they demanded to be enjoined in the case as interested parties. This is a big deal because it is an indicator that the community believes in XRP. This will have the effect of drawing in more investors to the XRP network in the long run, and drive up its value. It is a good reason to invest in XRP now.

Check Out: Is Ripple a Good Investment?

6. Ripple has a strong team behind it

The team behind a crypto project can either make or break it. Many cryptos have gone into oblivion due to weakness in their core teams. XRP does not have such problems.

It was developed by one of the best brains in cryptography. This means XRP will never have to deal with the risks that most projects go through. Such guarantees make XRP a good investment now that overall interest in the crypto markets is on the rise globally.

7. XRP will benefit from Ripple’s aggressive expansion

Ripple is the primary company that uses XRP to settle transactions. Though XRP is in no way a Ripple security as has been claimed by some, Ripple is a critical pillar to the long-term growth of XRP.

That is because it uses XRP to settle transactions fast, and at a low cost, and this is important to the long-term growth of XRP. The best part is that Ripple has been quite aggressive in pushing for the adoption of XRP.  A number of financial institutions are ready to work with Ripple, and the numbers will only keep growing. This is a bullish signal and makes XRP a good crypto to buy now.

8. XRP will benefit from an improving regulatory environment

The regulatory environment has not been pro-crypto for a long time. Even now that the market has gone mainstream, some jurisdictions such as the US, Turkey, among others are still largely anti-crypto. However, overall the tide is turning. In Asia, lots of countries are openly pro-crypto.

Even in North America, Canada is quite receptive and has a number of crypto ETFs is on the rise. This increasingly favourable regulatory environment is a bullish signal for the entire market, including XRP.

9. Ripple XRP has a growing presence in Asia  

Asia is one of the largest markets not just for cryptocurrencies, but for financial technologies in general. That’s why any cryptocurrency that finds favor in the market is bound to succeed. XRP is one of the cryptocurrencies that are increasingly adopting XRP through Ripple.

In places like Japan, financial institutions have been settling transactions in XRP for a while now. This is a strong case of adoption, one that could play a huge role in its value growth. It’s quite a compelling reason to invest in XRP today.

Ripple is benefiting from the growing overall crypto adoption

The crypto market has been expanding quite exponentially over the past year. It went from a market cap of $ billion to its current net worth of $ trillion. 

This expansion has served to uplift the entire how to make money stocks and shares, and that includes XRP, why should i invest in xrp. Despite its issues with the SEC, XRP’s price has more than doubled from around $ to over $ At the moment, all indications point to further growth in the market. This is a good reason to invest in XRP, with a long-term view.

Ripple is a secure cryptocurrency

Security is an essential part of the survival and growth of any cryptocurrency. Without it, why should i invest in xrp, the crypto would be easily compromised, and lose a huge portion of its value.

For context, one needs to look at Verge, a privacy-focused cryptocurrency, why should i invest in xrp. Back init was performing very well but quickly lost its market appeal after it was compromised twice. XRP is quite immune from this problem.

It is one of the most secure cryptocurrencies and has never been compromised for the more than a decade that it has been in existence. This is a good reason to believe in the security of the XRP network, and its potential for success in the long run.

Don't Miss: Ripple Price Prediction: How Much Will XRP Be Worth In The Next 5 Years?

Ripple is environmentally friendly

As the crypto market expands, the issue of the environment is becoming a reality. Proof-of-Work mining is now a huge contributor to carbon in the atmosphere, and crypto experts are now calling for a change.

One of those that have been calling for reforms is Chris Larsen, the co-founder of Ripple. Chris recently stated that there is a need to adopt Proof-of-Stake and other consensus algorithms such as the one used by XRP.

This means XRP has a team that cares about the environment. In a world that is increasingly sensitized to climate matters, this is a reason to choose XRP over other cryptocurrencies.

Ripple XRP is stable despite Jed McCaleb’s relentless selling

Jed McCaleb is one of the founders of XRP, and later started a rival project called XLM. This created complications and Jed has since been offloading his stash of about 8 billion XRP.

Lately, he has been selling millions of dollars worth of XRP a week. His selling is a bullish signal in two ways. Firstly, his selling will improve the token distribution of XRP, which will increase investor confidence in XRP. Secondly, it is an indicator that the demand for XRP is strong.

That’s because, despite the heavy selloffs, why should i invest in xrp price has been on the rise for months. While Ripple’s last year's wins against the SEC have played a role in its rise, the fact that it has been resilient to Jed’s selling is a sign of strength.

It is an indicator that the XRP could rally even more once he is done with his stash. Until September 1, he had been selling 8, and 9, XRP lumps on a daily basis. Jed sold million XRP coins throughout August, overall. Since the last tranche from Ripple Labs, when Jed received ,, not a single transaction was made from his "tacostand" address. Overall, Jed McCaleb sold billion XRP in If he decides to resume selling, he is likely to run out of XRP by the mid

XRP technical analysis points to strength

The technical indicators of any asset play a role in attracting bulls or bears. In the case of XRP, the technical indicators are bullish.

On the weekly and monthly charts, key indicators such as the RSI, moving averages, and volume oscillators are all bullish.

This will keep drawing in buyers into the cryptocurrency, especially now that the whole market is bullish. The buying pressure that XRP is experiencing why should i invest in xrp is a good reason to invest, both for short-term gains, and long-term value appreciation.

Read more: How Much Will XRP Be Worth This Year And Beyond?

Ripple Has Lots of positive press at this point

In crypto, news is everything. Just some small negative or positive news can rally or crash the market. In March, there was a FUD tweet why should i invest in xrp that the US government would crackdown on crypto, and this led to a correction of over 10% in the whole market.

In the context of this environment,  Ripple XRP is in a good position right now. It is one of the cryptos that have lots of good news coming in, especially with regards to its case with the SEC, why should i invest in xrp.

As long as XRP keeps making small wins, its value will keep rising. In the event that the case is thrown out altogether, it could create a massive rally in XRP, and possibly see it surpass its highs. With the entry of a more flexible chairman at the SEC, this is a reason to buy XRP in anticipation of a possible price rally in the near term.

Ripple is very practical for the banking system

Every other crypto out there is premised on the idea of replacing the banking system as we know it. XRP takes a different approach, why should i invest in xrp, one of trying to make the system more efficient.

From a practical standpoint, it could be difficult to replace the system, and a more hybrid system could emerge. XRP is right in the middle of this by helping banks settle their transactions faster, and quicker.

It’s quite a logical solution, one that could see XRP take a major position in how the trillion-dollar global financial system operates. Since this is not the first time that the banking system, a factor that could play into its long-term price dynamics. For an investor looking at the long-term, this is a good reason to get into XRP now and wait.

Ripple’s case with the SEC is going well

For some time now, Ripple has been embroiled in a tussle with the SEC over whether XRP was an illegal unregistered Ripple security.

The good news is that recent decisions by the judge seem to be in Ripple’s favour. For instance, the judge recently ruled that the personal finances of Ripple bigwigs Brad Garlinghouse and Chris Larsen were immaterial to the case. This led to a spike in the price of XRP.

Ripple has also indicated that it was willing to work with the incoming SEC chairman on bringing the whole case to an amicable close. All these are pointers that the case could well for Ripple, and finally free XRP from the shackles of uncertainty.

In such a situation, its price would rally to new highs, if its recent price action is anything to go by.  Since profitability in the market comes from buying the potential and sell when the good news finally comes out, it is quite logical to buy into XRP now.

The potential of a downside if the case delays are counteracted by the increased bullish sentiment in the market at this moment.

XRP Benefits immensely from FOMO

Fear of Missing Out is always a huge factor when it comes to crypto rallies. XRP happens to be one of the cryptocurrencies that benefit from FOMO.

Back inthe perception was that holding XRP was tantamount to owning part of the success of Ripple. This created FOMO and made XRP one of the best performing Cryptocurrencies in percentage terms. Bitcoin investing 2022 machine went from a few cents to over $3.

Lately, the power of FOMO in XRP is evident in its price action this year. When investors noted that Ripple was making gains against the SEC, the price jumped and saw XRP outpace almost all major cryptocurrencies in percentage gains. The power of FOMO in XRP stems from the vocal nature of its community.

Whenever good news is coming up for XRP, they hype it up all over the internet, and why should i invest in xrp new investor looking for quick gains quite naturally caves in and buys. With this background in mind, it makes sense to buy XRP why should i invest in xrp current prices.

That’s because if, by any chance, Ripple wins the case, or they agree on an amicable settlement with the SEC, the hype would be astronomical. It could easily XRP to prices never imagined before.

Read Also: Should You Buy Ripple?

Ripple XRP is in tune with the idea of CBDCs

When it comes to Central Bank issued Digital Currencies, the question is not if, why should i invest in xrp, but when, and there will be a mass rollout, why should i invest in xrp. China is already rolling out the digital Yuan and is already being tested in Macau and Hong Kong. One of the consequences of the launch of CBDCs is that they could threaten the stable coin market. 

It makes more sense for one to use a government-issued stable coin than one that may not backed with enough reserves. Interestingly, the launch of government-issued digital currencies could spell good tidings for Ripple and XRP.

That’s because Ripple is looking into helping governments issue such currencies through private ledgers. While these ledgers may not in any way use XRP, the excitement that they will generate in the market will have a positive impact on the value of XRP.

XRP Coin distribution is improving

For a very long time, one of the criticisms levelled against XRP was that the coins are concentrated in the hands of a few. While this was the case in its early years, why should i invest in xrp have changed a lot, especially after the market Rally. Ripple, why should i invest in xrp, which holds lots of XRP, has sold a considerable portion of its stash.

The coin distribution of XRP will get even better once Jed McCaleb is through selling his XRP holdings. A better coin distribution means that no single entity can easily influence the price of XRP.

This is a big deal because it will inspire more confidence in the coin, why should i invest in xrp, especially from institutional players, why should i invest in xrp. It is an excellent reason to consider investing in XRP at current prices, based on its other fundamentals, such as adoption by why should i invest in xrp banking industry.

Ripple has a pre-determined and known supply

One of the factors that can affect the viability of a crypto is its supply. One of the reasons why Bitcoin is so valuable is because of its pre-determined supply. Similarly, while Ethereum has no fixed supply, the process of bringing in new Ethereum into the market is a tough one, which keeps the supply how to invest in penny stocks on robinhood low.

On its part, Ripple XRP’s advantage is openness in its supply. All the XRP that could ever come into existence is already pre-mined. This means there will never be surprises in supply that could affect the supply. This coupled with the improving coin distribution, makes Why should i invest in xrp an attractive cryptocurrency to a long-term investor. By extension, why should i invest in xrp, this makes it one of the best cryptocurrencies to invest in today.

Ripple FUD has largely been debunked

If there is a cryptocurrency that receives lots of FUD, especially about it being a security. Besides the ongoing case between the SEC and Ripple, this is FUD that has largely been debunked.

That’s because even if Ripple were to stop existing today, XRP would still survive and thrive. This means that once the case is cleared, there won’t be anything else left to FUD XRP. The use case in cross-border payments is already established, and XRP can do it with or without Ripple. With FUD losing steam and adoption, why should i invest in xrp, there has never been a better time to invest in XRP.

XRP is widely accepted as a currency

Outside of Bitcoin and Ethereum, XRP is one of the most widely used altcoins for payments. It makes sense because it is practical for payments, why should i invest in xrp. Sending value through XRP is almost free, and it’s instant. 

As more people adopt cryptocurrencies for payments, more people will get to appreciate this aspect of XRP. This will impact its demand, and by extension, its value as the years go by. It also makes XRP a good investment with real value, why should i invest in xrp, over and above the usual crypto-related speculation.

eToro – The Best Platform To Buy Ripple

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Virtual currencies are highly why should i invest in xrp. Your capital is at risk.

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Ripple Price Prediction for and

Digital currencies were one of the most profitable investments of

You don’t have to take our word for it. Just take a look at the returns:

• Ethereum is up 2,%.
• Bitcoin is up ,%.
• Litecoin is up %.

With the digital currency floodgates open, early investors have become accustomed to four-digit returns.

But there’s a catch, why should i invest in xrp. Many of the currencies listed above have already achieved mainstream investors. They will continue generating profits (which makes them valid investments), but you'll never be able to buy them for under $1.

For investors looking for a smart investment under $1, Ripple could be a good contender.

InRipple’s price surged over 3,%:

Ripple isn't your traditional digital currency. Calling it one is the equivalent of calling a horse a mule — you vastly undersell the currency’s potential.

Today, Ripple is busy revolutionizing the ways in which we transfer money and receive payments. Soon, it will change the ways in which we bank and conduct business around the globe.

Over the course of this why should i invest in xrp, we educate you on Ripple’s potential and expose the top three reasons that you need to be investing now. By the end of this report, we hope you'll be rushing to the exchanges

What Is Ripple?

For starters, it's important to be able to differentiate between Ripple Labs — the company that produces the Ripple Transaction Protocol (RTXP) — why should i invest in xrp XRP — the digital currency that operates within the RTXP.

The Ripple Transaction Protocol, in the simplest sense, is a real-time payment system. It allows money to be exchanged between individuals regardless of why should i invest in xrp locations or banks.

The digital asset that runs the Ripple network is XRP. When you buy Ripple, you're also purchasing XRP, why should i invest in xrp. If you're new to digital currency investing, the best way to think of XRP is as a currency (or fuel) that powers Ripple.

And while preferable, XRP is not necessary in order for the RTXP to function.

Ripple was developed by an experienced team with deep roots in the digital currency world, why should i invest in xrp. Many members of this development team worked with Bitcoin, why should i invest in xrp. This includes Ripple’s cofounders, OpenCoin CEO Chris Larsen and CTO Jed McCaleb.

Investors who are considering Ripple need to understand the relationship between OpenCoin and currency. OpenCoin handles many of our digital currency transactions around the world.

OpenCoin, and subsequently Ripple, has received backing from dozens of venture capitalists, which includes Andreessen Horowitz, FF Angel IV, Lightspeed Venture Partners, Vast Ventures, and Bitcoin Opportunity Fund.

But how does Ripple function? How exactly is it unique in the digital currency world?

Those questions transition us to the first reason that you should be investing in Ripple

1. The Ripple Transaction Protocol

Everyone is in agreement that our current financial system is flawed.

Transferring money to individuals outside of your bank is a grueling process. And you might as well forget about exchanging money overseas unless you love having a headache.

And that's where Ripple comes in.

XRP can be used in the Ripple Transaction Protocol, which can be used to ferry not just digital currency but also money and information.

The idea is actually thousands of years old, dating back to medieval Arabia.

Years ago, why should i invest in xrp, individuals would exchange money through an agent.

You, as an individual, would walk up to your agent and give them money with instructions to send it to your friend. This agent would then send it to the agent of your friend.

Even though money didn’t exchange hands on either end, a record of the money being moved was put into place. The receiving person’s agent would be responsible for moving the money along to the intended recipient.

Ripple simplifies that process, issuing a monetary payment through a digital channel. Similar to the medieval method, the money never actually changes hands.

Both people have access to a secure channel, which boxes out any potential threat. This makes Ripple an incredibly effective, secure monetary exchange that empowers individuals.

And Ripple’s developers have more in mind for Ripple’s exchange potential than just money. Ripple could be used to exchange anything — simply through the creation of a secure pathway.

This unique function makes it a powerhouse in the digital currency world. And even though this method directly empowers the individual, it's also a profit generator for large corporations.

This brings us to the second reason for thinking about Ripple as an investment

2. Ripple Is a Best Friend to Banks

It would be foolish to think that our banking systems will disappear overnight.

This belief is popular in the Bitcoin crowd, how to make counterfeit canadian money many devoted Bitcoin believers asserting that the world’s first digital currency has the power to rebuild our financial system within mere years.

The reality is different. There's no doubt that digital currency is here to stay. But we're more likely to see it incorporated into our everyday financial lives through the large players in the financial world: big banks.

This is good news for Ripple and is a strong case for investing in it. Ripple has already been adopted by dozens of banks, including:

1. MUFG
2. BBVA
3. SEB
4. Akbank
5. Axis Bank
6. Yes Bank
7. SBI Remit
8. Cambridge Global Payments
9. Star One Credit Union
10. eZforex

This makes Ripple the first digital currency to be adopted by mainstream financial institutions. And it’s only picking up momentum.

So, why do the banks want Ripple? It goes back to the financial tools that Ripple Labs, the company behind RTXP, provides.

Let’s be honest: Major financial institutions don't adopt a technology for the ease of their customers. Instead, they do it to make money — that's the nature of the beast.

Currently, why should i invest in xrp, if a bank uses Ripple, it saves $ per payment. That's a cumulative saving of $, a year.

But the greed of financial institutions pays off for customers who'll be able to exchange money across borders and with individuals who use different banks.

We'll likely see the value of the Ripple company (or the value of XRP) increasing while more of these tools are adopted by mainstream banking customers.

This will simplify our financial system. You'll be able to send money to anyone, regardless of what bank they have, through the same simple channels.

However, there are a few why should i invest in xrp to keep in mind about this topic, which we address at the bottom of this report. Why should i invest in xrp we get to concerns, let's comment on Ripple’s investors and team

3. The Investors and the Team

We touched briefly on Ripple’s talented development team in the introduction. Now, it's time to expand on what that extensive talent network means for the digital currency in the long term.

It’s no secret that success in the corporate world depends on one thing: clout. For any technology to advance, it has to establish its value for both investors and corporations. Many digital currencies fail to do this because their leaderships don't know the right people or methods.

For Ripple, becoming established was as easy as pie. With two well-connected founders who used their complex networks, Ripple quickly attracted venture capital and major investors.

InRipple raked in $55 million in venture capital in just one funding round. And this money is continuing to pour in with more big investors backing the company weekly.

One particular investor is worth taking note of. It's a tech giant that hasn’t shown a lot of interest ebest investment securities the bulk of digital currencies: Google.

Google was one of Ripple’s early backers. Both the mega-giant and its peer Apple prefer the blockchain method of payment to existing credit cards.

In Ripple, Google saw an opportunity to simplify and secure payments. It knows a good investment when it sees one.

And so do the other venture capitalists that are pouring money into Why should i invest in xrp. The names backing Ripple — Andreessen Horowitz, FF Angel IV, and Lightspeed Venture — have stood behind dozens of lucrative startups, including Airbnb, why should i invest in xrp, Asana, BuzzFeed, Coinbase, Facebook, Twitter, and Snap

Some Lingering Concerns

It’s obvious that Ripple Labs, and its financial tools, is valuable. It increases efficiency and saves time and money for both consumers and banks.

That being said, Ripple is an anomaly in the digital currency world.

Very few people realize that not all of the banks using the RTXP are using the associated digital currency XRP. Beyond that, there's also the quandary presented by Ripple’s low price, why should i invest in xrp. The low price doesn't necessarily mean that there's room for the currency to grow.

In Januarythe digital currency reached an all-time high of above $3, giving it a market cap that was nearly half the market cap of Bitcoin.

Of course, in the cryptocurrency world, arguing about market caps is largely subjective. After all, how do you value a potential global currency like Bitcoin or a vastly valuable tool like Ethereum?

So, Ripple’s market cap at the time of its $3 price was outlandish compared to that of other companies providing financial tools.

These are things for investors to consider while thinking about Ripple as an investment. There's no doubt that it's a valuable technology, but with limited banks actually using XRP, why should i invest in xrp, investors should think about the tools that the company provides and whether they're worth the value

How to Start Investing

I'm going to level with you: Ripple is a bit harder to invest in than its peers. But because you're serious about making money, this is a good thing.

Ripple’s exclusivity means that not everyone is in on it yet.

At Wealth Daily, we use Coinbase for the bulk of our digital currency investments. Coinbase allows users to buy litecoins, bitcoins, and ether with the hopes of expanding to other digital currencies in the future. And Ripple could be on the horizon.

But we don’t want you to have to wait until then, why should i invest in xrp. So, we'll walk you through buying Ripple on smaller exchanges. That way, you can get the currency while it's under $1.

The two most popular currency exchanges for investing in Ripple why should i invest in xrp Poloniex and Kraken. On both platforms, you can exchange bitcoins for XRP. Many people choose to set up a Coinbase account and then transfer bitcoin to Kraken or Poloniex.

Best of luck with your investments!

Before we part, we'd like to extend a sincere thank-you for joining us here at Wealth Daily. We look forward to providing you with valuable investment research and commentary over the course of your subscription. Our core philosophy is that the more you know, the better you'll be able to take advantage of that knowledge to expand your wealth. We'll continue sharing our insights on how to boost your portfolio with flexible and safe investments.

Sincerely,

The Wealth Daily Research Team

Investing / Crypto

Cryptocurrencies have been in and out of the public eye for years now, mostly because of news around Bitcoin. However, why should i invest in xrp, Bitcoin is just one cryptocurrency among many. You can invest in myriad digital currencies designed for just as many different purposes — from supporting your favorite internet creators to paying your cell phone bill.

Ripple’s XRP is one of the more complicated cryptocurrencies to follow. Since the company launched it inXRP has gone through a few different iterations, which we will explore here.

What Is Ripple?

Ripple is not a cryptocurrency, why should i invest in xrp. It’s the company behind the XRP token. Ripple Labs Inc. describes itself as a “payment solutions company.” Today, it is primarily focused on using cryptocurrency to facilitate cross-border payments between countries.

To accomplish this, Ripple relies on its payment network RippleNet. That network consists of a collection of banks and payment providers that have signed on to use Ripple’s blockchain network for international payments.

Ripple also manages the XRP Ledger, a network that facilitates payments through its XRP digital currency.

What Is XRP?

XRP is a cryptocurrency designed to be used for international payments and currency exchange. When Ripple first launched, XRP powered its cross-border payment network. Ripple has since updated this so that you can use the network with currencies other than XRP.

XRP Transaction Speed

XRP’s main selling point has always been its speed. Unlike Bitcoin, which often requires extended periods of time to complete a transaction, XRP transactions settle in seconds. That’s because XRP does not utilize the “proof of work” algorithm used by other cryptocurrencies like Bitcoin and Ethereum for validating payments.

Infrastructure

XRP also works on a centralized infrastructure. Instead of being completely decentralized like many cryptocurrencies, XRP uses a network of validators to confirm transactions.

To be accepted as a validator for XRP payments, you have to be trusted enough to become part of Ripple’s Unique Node List. Currently, there are 36 active XRP validators. Ripple runs six of them.

This network of independent network operators — or nodes — agrees concerning all outstanding XRP transactions every three to five seconds. It then publishes an updated version of the XRP Ledger. Ripple calls this the Ripple Protocol Consensus Algorithm.

Ripple has marketed XRP’s swift transaction speed since the beginning, centering it as a means to establish a more efficient infrastructure for international payments. Conventional cross-border transactions can sometimes take days and incur steep fines. According to Ripple, XRP takes a fraction of the time, cost and bureaucratic headache.

How Is XRP Used?

Currently, there are two main use cases for XRP.

• Low commission currency exchange: There are many cases where one currency can’t be directly exchanged for another and must be changed to an intermediary currency first. Usually, that currency is the U.S. dollar. XRP can serve as an intermediary currency in the same way, but for less cost per transaction.
• International transactions: Ripple has long touted its XRP cryptocurrency’s high transaction speed as an alternative to conventional wire transfers, which can take days and incur high fees.

People can also use Ripple’s payment network, RippleNet, to mint and distribute their own digital currencies that aren’t XRP for fast, why should i invest in xrp, inexpensive transactions.

According to the XRP Ledger website, use case proposals are in the works for NFT issuance, why should i invest in xrp, smart contract functionality and federated sidechains, which act as their own blockchains on the main network.

XRP vs. Why should i invest in xrp relationship to RippleNet can be confusing.

RippleNet is Ripple’s cross-border payment network. It does not need XRP to function. RippleNet is a blockchain geared toward banking institutions that can be used to settle transactions like remittance payments, in addition to exchanging currencies.

Ripple claims that big banks like Santander use its service and that over 55 countries have signed on to use it. RippleNet also hosts over currency pairs.

Liquidity Service

The only part of RippleNet that uses the XRP digital currency is its on-demand liquidity service. This service draws from a pool of digital assets to provide liquidity for transactions instead of pre-funding.

Australia, the Euro Zone, the United States, Mexico, the Philippines and Japan can currently use Ripple’s on-demand liquidity service.

How Is XRP Different From Bitcoin?

There are a few major differences between XRP and Bitcoin.

For example, while new Bitcoins are continuously mined, XRP has limited the number of units that will be produced. A batch of billion XRP was generated at the time of make fake money pass marker test launch, why should i invest in xrp around billion are currently in circulation.

XRP is also a centralized cryptocurrency, while Bitcoin is decentralized. The former’s centralization allows for quicker transaction processing because it doesn’t require proof of work. Rather, it relies on a small network of nodes to validate each transaction. This can entail greater risk, though Ripple says it takes steps to keep its digital currency secure.

Pros and Cons

The Good:

• Ripple has been in the crypto game long enough to have gained the trust of several prominent financial institutions. That trust makes it a safer investment relative to other cryptocurrencies.
• All the XRP tokens that ever will exist have already been created, and Ripple distributes them according to a predetermined schedule. That means no inflation.
• As more financial institutions buy into Ripple and its products, the value of XRP could substantially increase.

The Bad:

• Ripple’s centralized system does away with permissions and is more open to censorship than other cryptocurrency platforms. Since control rests in the hands of a small number of people, those people could potentially block transactions, similar to a regular bank.
• Ripple Labs has a monopoly of ownership on the XRP token — it owns about 60% of the available supply.
• The code is open-source, whereby it’s freely available to the public. That’s good for developers but could pose a risk if anyone were to hack it.

Should You Invest?

There’s no such thing as a completely safe investment. Cryptocurrencies in particular can be highly volatile. Every potential investor should understand that risk going in.

Value and Market Cap

XRP has a current value of $, with a market cap of $ billion.

Good To Know

XRP has not entered mainstream use quite yet. The financial institutions that use Ripple’s network are still in the testing phase. While XRP has potential in the international payment space, it has yet to be thoroughly tested by large, mainstream banks.

Takeaway

XRP is an interesting cryptocurrency that’s been gaining momentum in the financial sector for its ability to facilitate cross-border payments and currency exchange. It’s faster than Bitcoin — taking a few seconds per transaction as opposed to an hour or more — and has the potential to provide a better method for completing international payments.

Daria Uhlig contributed to the reporting for this article.

Data is accurate as of Feb. 24,and is subject to change.

GOBankingRates’ Crypto Guides

The price of Ripple has been climbing this month, reflecting the gains of other larger cryptocurrencies like Bitcoin and Ethereum.

Ripple is valued at around $ as of Monday afternoon, down from a two-month peak of $ on Wednesday.

It reached its highest ever price of over $ back in but crashed and stayed relatively low until April , when it exceeded $ before crashing again along with other crypto coins.

Here is what you need to know about Ripple, and where it could go next.

What is Ripple?

Ripple is a real-time gross settlement system, currency exchange and remittance network that was released in

Its token is known as XRP, which currently has a market cap of over $ billion.

XRP’s purpose is to serve as an intermediate mechanism of exchange between two currencies or networks. Its transactions are both cheaper and much faster than Bitcoin.

A class action was filed against Ripple in May “alleging that it led a scheme to raise hundreds of millions of dollars through unregistered sales of its XRP tokens”.

The US Securities and Exchange Commission (SEC) initiated legal proceedings against Ripple Labs, CEO Brad Garlinghouse, and co-founder Chris Larsen in December last year.

In its initial response, the company said it had been unfairly singled out, adding: “The SEC’s theory that XRP is an investment contract ignores the economic reality that XRP is, and has long been, a digital asset with a fully functional ecosystem and a real use case as a bridge currency that does not rely on Ripple’s efforts for its functionality or price.”

The case is not due to be concluded until next year. It initially dented Ripple’s price, before it returned to reach April’s record high.

Ripple pride prediction

The current market consensus is that Ripple is trending in a good direction.

XRP price analysis from CoinCodex shows 27 indicators giving off bullish signals, with one bearish signal.

DigitalCoin‘s analysis says its price should reach average of $ in and $ in It could hit an average of $ by , the forecast suggests.

Should I invest in cryptocurrency?

People invest at their own risk and cryptocurrencies are not regulated by British financial authorities.

All crypto investments are risky, but meme coins like Shiba Inu are particularly volatile, and you should be prepared to lose everything you invest.

The Financial Conduct Authority (FCA) warned in January: “Investing in cryptoassets, or investments and lending linked to them, generally involves taking very high risks with investors’ money.

“If consumers invest in these types of product, they should be prepared to lose all their money.”

Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown previously explained the risks to i.

She said: “On top of being extremely volatile, most cryptocurrencies are unregulated, which not only adds another layer of uncertainty but also means that investors have little or no protection against fraud.”

What is Ripple (XRP)

Where Do I Actually Buy XRP

If you’ve made up your mind and are ready to make a purchase, then skip this article and buy XRP

How to buy XRP

Reasons to Buy XRP

Buy and sell XRP on the Move

Download the Binance crypto trading app and trade your XRP plus + cryptocurrencies, anytime and anywhere.

Check XRP Price Now

Find the live XRP to USD (XRPUSD) price today to help you with your decisions. We update our XRP to USD price in real-time.

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What to Do After I Buy XRP

What do most people do after buying XRP?

There are three popular options:

Start buying XRP

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Cryptocurrency investment activities, including actions done to buy XRP online via Binance, are subject to market risk. Binance provides easy and convenient ways for you to buy XRP instantly, and we put our best efforts to fully inform our users about each and every cryptocurrency we offer on the exchange, but we are not responsible for the results that may arise from your XRP purchase. This page and any information in it is not meant to be interpreted as an endorsement of any particular cryptocurrency or method of acquiring it.

Investing / Crypto

Cryptocurrencies have been in and out of the public eye for years now, mostly because of news around Bitcoin. However, Bitcoin is just one cryptocurrency among many. You can invest in myriad digital currencies designed for just as many different purposes — from supporting your favorite internet creators to paying your cell phone bill.

Ripple’s XRP is one of the more complicated cryptocurrencies to follow. Since the company launched it in , XRP has gone through a few different iterations, which we will explore here.

What Is Ripple?

Ripple is not a cryptocurrency. It’s the company behind the XRP token. Ripple Labs Inc. describes itself as a “payment solutions company.” Today, it is primarily focused on using cryptocurrency to facilitate cross-border payments between countries.

To accomplish this, Ripple relies on its payment network RippleNet. That network consists of a collection of banks and payment providers that have signed on to use Ripple’s blockchain network for international payments.

Ripple also manages the XRP Ledger, a network that facilitates payments through its XRP digital currency.

What Is XRP?

XRP is a cryptocurrency designed to be used for international payments and currency exchange. When Ripple first launched, XRP powered its cross-border payment network. Ripple has since updated this so that you can use the network with currencies other than XRP.

XRP Transaction Speed

XRP’s main selling point has always been its speed. Unlike Bitcoin, which often requires extended periods of time to complete a transaction, XRP transactions settle in seconds. That’s because XRP does not utilize the “proof of work” algorithm used by other cryptocurrencies like Bitcoin and Ethereum for validating payments.

Infrastructure

XRP also works on a centralized infrastructure. Instead of being completely decentralized like many cryptocurrencies, XRP uses a network of validators to confirm transactions.

To be accepted as a validator for XRP payments, you have to be trusted enough to become part of Ripple’s Unique Node List. Currently, there are 36 active XRP validators. Ripple runs six of them.

This network of independent network operators — or nodes — agrees concerning all outstanding XRP transactions every three to five seconds. It then publishes an updated version of the XRP Ledger. Ripple calls this the Ripple Protocol Consensus Algorithm.

Ripple has marketed XRP’s swift transaction speed since the beginning, centering it as a means to establish a more efficient infrastructure for international payments. Conventional cross-border transactions can sometimes take days and incur steep fines. According to Ripple, XRP takes a fraction of the time, cost and bureaucratic headache.

How Is XRP Used?

Currently, there are two main use cases for XRP.

• Low commission currency exchange: There are many cases where one currency can’t be directly exchanged for another and must be changed to an intermediary currency first. Usually, that currency is the U.S. dollar. XRP can serve as an intermediary currency in the same way, but for less cost per transaction.
• International transactions: Ripple has long touted its XRP cryptocurrency’s high transaction speed as an alternative to conventional wire transfers, which can take days and incur high fees.

People can also use Ripple’s payment network, RippleNet, to mint and distribute their own digital currencies that aren’t XRP for fast, inexpensive transactions.

According to the XRP Ledger website, use case proposals are in the works for NFT issuance, smart contract functionality and federated sidechains, which act as their own blockchains on the main network.

XRP vs. RippleNet

XRP’s relationship to RippleNet can be confusing.

RippleNet is Ripple’s cross-border payment network. It does not need XRP to function. RippleNet is a blockchain geared toward banking institutions that can be used to settle transactions like remittance payments, in addition to exchanging currencies.

Ripple claims that big banks like Santander use its service and that over 55 countries have signed on to use it. RippleNet also hosts over currency pairs.

Liquidity Service

The only part of RippleNet that uses the XRP digital currency is its on-demand liquidity service. This service draws from a pool of digital assets to provide liquidity for transactions instead of pre-funding.

Australia, the Euro Zone, the United States, Mexico, the Philippines and Japan can currently use Ripple’s on-demand liquidity service.

How Is XRP Different From Bitcoin?

There are a few major differences between XRP and Bitcoin.

For example, while new Bitcoins are continuously mined, XRP has limited the number of units that will be produced. A batch of billion XRP was generated at the time of its launch, and around billion are currently in circulation.

XRP is also a centralized cryptocurrency, while Bitcoin is decentralized. The former’s centralization allows for quicker transaction processing because it doesn’t require proof of work. Rather, it relies on a small network of nodes to validate each transaction. This can entail greater risk, though Ripple says it takes steps to keep its digital currency secure.

Pros and Cons

The Good:

• Ripple has been in the crypto game long enough to have gained the trust of several prominent financial institutions. That trust makes it a safer investment relative to other cryptocurrencies.
• All the XRP tokens that ever will exist have already been created, and Ripple distributes them according to a predetermined schedule. That means no inflation.
• As more financial institutions buy into Ripple and its products, the value of XRP could substantially increase.

The Bad:

• Ripple’s centralized system does away with permissions and is more open to censorship than other cryptocurrency platforms. Since control rests in the hands of a small number of people, those people could potentially block transactions, similar to a regular bank.
• Ripple Labs has a monopoly of ownership on the XRP token — it owns about 60% of the available supply.
• The code is open-source, whereby it’s freely available to the public. That’s good for developers but could pose a risk if anyone were to hack it.

Should You Invest?

There’s no such thing as a completely safe investment. Cryptocurrencies in particular can be highly volatile. Every potential investor should understand that risk going in.

Value and Market Cap

XRP has a current value of $, with a market cap of $ billion.

Good To Know

XRP has not entered mainstream use quite yet. The financial institutions that use Ripple’s network are still in the testing phase. While XRP has potential in the international payment space, it has yet to be thoroughly tested by large, mainstream banks.

Takeaway

XRP is an interesting cryptocurrency that’s been gaining momentum in the financial sector for its ability to facilitate cross-border payments and currency exchange. It’s faster than Bitcoin — taking a few seconds per transaction as opposed to an hour or more — and has the potential to provide a better method for completing international payments.

Daria Uhlig contributed to the reporting for this article.

Data is accurate as of Feb. 24, , and is subject to change.

GOBankingRates’ Crypto Guides

There are lots of reasons why you might want to invest in Ripple XRP. Many think that they have to be a savvy investor with lots of money — but, with some common sense and research, it’s pretty accessible, even for beginners.

If you are a long-term investor, Ripple may be a good investment for you.

Ripple XRP is one of the most recognized, yet most controversial cryptos in the market. This is due to a combination of its use case in banking, and uncertainty as to whether it is a security or not.

The controversies around its relationship with Ripple are so huge, that it came under the radar of the US Securities and Exchange Commission.

Despite its controversies, Ripple is one of the cryptos that made investors lots of money in the Bull Run. It has also performed quite well in May , shooting from under $ to over $ in few weeks.

So after such a jump in price, and the SEC cloud still hanging over it, is Ripple XRP still a good investment? According to crypto experts, the answer is yes. It is one of the cryptos with the potential to make you rich in a very short time. If in doubt, here are 23 reasons why you should invest in XRP today. 

For someone looking to build a profitable crypto portfolio, there is every reason to invest in Ripple now. For context, here are 23 reasons why you should invest in Ripple XRP today.

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23 Reasons Why You Should Invest in Ripple Today

There are all kinds of reasons why you might want to invest in Ripple XRP — probably some you’ve never considered. Here are 23 that we found.

1. Ripple has fast transaction speeds

For a cryptocurrency to function as a currency, the transaction speeds have to be better than what is on offer in the market. Otherwise, there would be no point in it.

This is the main reason why Bitcoin is now viewed as a store-of-value than a currency. It’s slow, and the transaction costs are getting out of hand. On its part, XRP functions quite efficiently as a currency, a factor that could see its usage grow exponentially in the long run.

Not only can XRP handle thousands of transactions per second, but it also does it almost instantaneously. This will be critical to its long-term growth in value and makes it a worthy investment.

2. Ripple has a strong network effect

Ripple is one of the world’s most recognized cryptocurrencies. The only other cryptocurrencies that have the same level of recognition as XRP is Ethereum and Bitcoin.

Its strong market presence stems from the fact that it is one of the oldest cryptos, and that it was the 3rd largest in crypto for years. This only changed recently, after issues with the SEC escalated.

So does its recognition matter? Well, it matters because as the market keeps expanding, newbie investors are likely to focus on most of the top cryptocurrencies. This could see XRP uptake grow, and as demand grows, so will its value.

Read Also: Why Ripple Is Going To Explode

3. XRP Nominal Price is Low

Even if trading short of its all-time high of $68k, Bitcoin is still gaining in value.

Most altcoins are gaining rapidly too. In this fast-expanding market, small investors looking to buy crypto in sizeable volumes are looking to high potential cryptos with a low nominal value.

XRP is one of the best on this front. Unlike most tokens that may not have much underlying value, XRP is quite cheap and affordable, and it has value through adoption. This makes it perfect crypto for one to buy in large volumes, in anticipation of more gains in the future.

4. XRP is listed on multiple exchanges

Where crypto is listed matters a lot in its value appreciation. That’s because, if it is not easily accessible, then demand is only limited to those who can access it. XRP does not have this problem.

As one of the oldest cryptocurrencies, XRP is listed on pretty much all major exchanges. Once its issues with the SEC are over, even more exchanges, especially American ones will list XRP. This not only makes it liquid but also one primed for exponential gains as the uptake of cryptos as a mainstream investment grows.

5. Ripple has a strong and aggressive community

The Ripple XRP community is one of the largest, strongest, and most aggressive in the world. Anytime XRP comes under attack, they fight back on all platforms from Twitter to Reddit.

The latest was during the SEC case where they demanded to be enjoined in the case as interested parties. This is a big deal because it is an indicator that the community believes in XRP. This will have the effect of drawing in more investors to the XRP network in the long run, and drive up its value. It is a good reason to invest in XRP now.

Check Out: Is Ripple a Good Investment?

6. Ripple has a strong team behind it

The team behind a crypto project can either make or break it. Many cryptos have gone into oblivion due to weakness in their core teams. XRP does not have such problems.

It was developed by one of the best brains in cryptography. This means XRP will never have to deal with the risks that most projects go through. Such guarantees make XRP a good investment now that overall interest in the crypto markets is on the rise globally.

7. XRP will benefit from Ripple’s aggressive expansion

Ripple is the primary company that uses XRP to settle transactions. Though XRP is in no way a Ripple security as has been claimed by some, Ripple is a critical pillar to the long-term growth of XRP.

That is because it uses XRP to settle transactions fast, and at a low cost, and this is important to the long-term growth of XRP. The best part is that Ripple has been quite aggressive in pushing for the adoption of XRP.  A number of financial institutions are ready to work with Ripple, and the numbers will only keep growing. This is a bullish signal and makes XRP a good crypto to buy now.

8. XRP will benefit from an improving regulatory environment

The regulatory environment has not been pro-crypto for a long time. Even now that the market has gone mainstream, some jurisdictions such as the US, Turkey, among others are still largely anti-crypto. However, overall the tide is turning. In Asia, lots of countries are openly pro-crypto.

Even in North America, Canada is quite receptive and has a number of crypto ETFs is on the rise. This increasingly favourable regulatory environment is a bullish signal for the entire market, including XRP.

9. Ripple XRP has a growing presence in Asia  

Asia is one of the largest markets not just for cryptocurrencies, but for financial technologies in general. That’s why any cryptocurrency that finds favor in the market is bound to succeed. XRP is one of the cryptocurrencies that are increasingly adopting XRP through Ripple.

In places like Japan, financial institutions have been settling transactions in XRP for a while now. This is a strong case of adoption, one that could play a huge role in its value growth. It’s quite a compelling reason to invest in XRP today.

Ripple is benefiting from the growing overall crypto adoption

The crypto market has been expanding quite exponentially over the past year. It went from a market cap of $ billion to its current net worth of $ trillion. 

This expansion has served to uplift the entire market, and that includes XRP. Despite its issues with the SEC, XRP’s price has more than doubled from around $ to over $ At the moment, all indications point to further growth in the market. This is a good reason to invest in XRP, with a long-term view.

Ripple is a secure cryptocurrency

Security is an essential part of the survival and growth of any cryptocurrency. Without it, the crypto would be easily compromised, and lose a huge portion of its value.

For context, one needs to look at Verge, a privacy-focused cryptocurrency. Back in , it was performing very well but quickly lost its market appeal after it was compromised twice. XRP is quite immune from this problem.

It is one of the most secure cryptocurrencies and has never been compromised for the more than a decade that it has been in existence. This is a good reason to believe in the security of the XRP network, and its potential for success in the long run.

Don't Miss: Ripple Price Prediction: How Much Will XRP Be Worth In The Next 5 Years?

Ripple is environmentally friendly

As the crypto market expands, the issue of the environment is becoming a reality. Proof-of-Work mining is now a huge contributor to carbon in the atmosphere, and crypto experts are now calling for a change.

One of those that have been calling for reforms is Chris Larsen, the co-founder of Ripple. Chris recently stated that there is a need to adopt Proof-of-Stake and other consensus algorithms such as the one used by XRP.

This means XRP has a team that cares about the environment. In a world that is increasingly sensitized to climate matters, this is a reason to choose XRP over other cryptocurrencies.

Ripple XRP is stable despite Jed McCaleb’s relentless selling

Jed McCaleb is one of the founders of XRP, and later started a rival project called XLM. This created complications and Jed has since been offloading his stash of about 8 billion XRP.

Lately, he has been selling millions of dollars worth of XRP a week. His selling is a bullish signal in two ways. Firstly, his selling will improve the token distribution of XRP, which will increase investor confidence in XRP. Secondly, it is an indicator that the demand for XRP is strong.

That’s because, despite the heavy selloffs, the price has been on the rise for months. While Ripple’s last year's wins against the SEC have played a role in its rise, the fact that it has been resilient to Jed’s selling is a sign of strength.

It is an indicator that the XRP could rally even more once he is done with his stash. Until September 1, he had been selling 8,, and 9,, XRP lumps on a daily basis. Jed sold million XRP coins throughout August, overall. Since the last tranche from Ripple Labs, when Jed received ,,, not a single transaction was made from his "tacostand" address. Overall, Jed McCaleb sold billion XRP in If he decides to resume selling, he is likely to run out of XRP by the mid

XRP technical analysis points to strength

The technical indicators of any asset play a role in attracting bulls or bears. In the case of XRP, the technical indicators are bullish.

On the weekly and monthly charts, key indicators such as the RSI, moving averages, and volume oscillators are all bullish.

This will keep drawing in buyers into the cryptocurrency, especially now that the whole market is bullish. The buying pressure that XRP is experiencing now is a good reason to invest, both for short-term gains, and long-term value appreciation.

Read more: How Much Will XRP Be Worth This Year And Beyond?

Ripple Has Lots of positive press at this point

In crypto, news is everything. Just some small negative or positive news can rally or crash the market. In March, there was a FUD tweet insinuating that the US government would crackdown on crypto, and this led to a correction of over 10% in the whole market.

In the context of this environment,  Ripple XRP is in a good position right now. It is one of the cryptos that have lots of good news coming in, especially with regards to its case with the SEC.

As long as XRP keeps making small wins, its value will keep rising. In the event that the case is thrown out altogether, it could create a massive rally in XRP, and possibly see it surpass its highs. With the entry of a more flexible chairman at the SEC, this is a reason to buy XRP in anticipation of a possible price rally in the near term.

Ripple is very practical for the banking system

Every other crypto out there is premised on the idea of replacing the banking system as we know it. XRP takes a different approach, one of trying to make the system more efficient.

From a practical standpoint, it could be difficult to replace the system, and a more hybrid system could emerge. XRP is right in the middle of this by helping banks settle their transactions faster, and quicker.

It’s quite a logical solution, one that could see XRP take a major position in how the trillion-dollar global financial system operates. Since this is not the first time that the banking system, a factor that could play into its long-term price dynamics. For an investor looking at the long-term, this is a good reason to get into XRP now and wait.

Ripple’s case with the SEC is going well

For some time now, Ripple has been embroiled in a tussle with the SEC over whether XRP was an illegal unregistered Ripple security.

The good news is that recent decisions by the judge seem to be in Ripple’s favour. For instance, the judge recently ruled that the personal finances of Ripple bigwigs Brad Garlinghouse and Chris Larsen were immaterial to the case. This led to a spike in the price of XRP.

Ripple has also indicated that it was willing to work with the incoming SEC chairman on bringing the whole case to an amicable close. All these are pointers that the case could well for Ripple, and finally free XRP from the shackles of uncertainty.

In such a situation, its price would rally to new highs, if its recent price action is anything to go by.  Since profitability in the market comes from buying the potential and sell when the good news finally comes out, it is quite logical to buy into XRP now.

The potential of a downside if the case delays are counteracted by the increased bullish sentiment in the market at this moment.

XRP Benefits immensely from FOMO

Fear of Missing Out is always a huge factor when it comes to crypto rallies. XRP happens to be one of the cryptocurrencies that benefit from FOMO.

Back in , the perception was that holding XRP was tantamount to owning part of the success of Ripple. This created FOMO and made XRP one of the best performing Cryptocurrencies in percentage terms. It went from a few cents to over $3.

Lately, the power of FOMO in XRP is evident in its price action this year. When investors noted that Ripple was making gains against the SEC, the price jumped and saw XRP outpace almost all major cryptocurrencies in percentage gains. The power of FOMO in XRP stems from the vocal nature of its community.

Whenever good news is coming up for XRP, they hype it up all over the internet, and any new investor looking for quick gains quite naturally caves in and buys. With this background in mind, it makes sense to buy XRP at current prices.

That’s because if, by any chance, Ripple wins the case, or they agree on an amicable settlement with the SEC, the hype would be astronomical. It could easily XRP to prices never imagined before.

Read Also: Should You Buy Ripple?

Ripple XRP is in tune with the idea of CBDCs

When it comes to Central Bank issued Digital Currencies, the question is not if, but when, and there will be a mass rollout. China is already rolling out the digital Yuan and is already being tested in Macau and Hong Kong. One of the consequences of the launch of CBDCs is that they could threaten the stable coin market. 

It makes more sense for one to use a government-issued stable coin than one that may not backed with enough reserves. Interestingly, the launch of government-issued digital currencies could spell good tidings for Ripple and XRP.

That’s because Ripple is looking into helping governments issue such currencies through private ledgers. While these ledgers may not in any way use XRP, the excitement that they will generate in the market will have a positive impact on the value of XRP.

XRP Coin distribution is improving

For a very long time, one of the criticisms levelled against XRP was that the coins are concentrated in the hands of a few. While this was the case in its early years, things have changed a lot, especially after the market Rally. Ripple, which holds lots of XRP, has sold a considerable portion of its stash.

The coin distribution of XRP will get even better once Jed McCaleb is through selling his XRP holdings. A better coin distribution means that no single entity can easily influence the price of XRP.

This is a big deal because it will inspire more confidence in the coin, especially from institutional players. It is an excellent reason to consider investing in XRP at current prices, based on its other fundamentals, such as adoption by the banking industry.

Ripple has a pre-determined and known supply

One of the factors that can affect the viability of a crypto is its supply. One of the reasons why Bitcoin is so valuable is because of its pre-determined supply. Similarly, while Ethereum has no fixed supply, the process of bringing in new Ethereum into the market is a tough one, which keeps the supply quite low.

On its part, Ripple XRP’s advantage is openness in its supply. All the XRP that could ever come into existence is already pre-mined. This means there will never be surprises in supply that could affect the supply. This coupled with the improving coin distribution, makes XRP an attractive cryptocurrency to a long-term investor. By extension, this makes it one of the best cryptocurrencies to invest in today.

Ripple FUD has largely been debunked

If there is a cryptocurrency that receives lots of FUD, especially about it being a security. Besides the ongoing case between the SEC and Ripple, this is FUD that has largely been debunked.

That’s because even if Ripple were to stop existing today, XRP would still survive and thrive. This means that once the case is cleared, there won’t be anything else left to FUD XRP. The use case in cross-border payments is already established, and XRP can do it with or without Ripple. With FUD losing steam and adoption, there has never been a better time to invest in XRP.

XRP is widely accepted as a currency

Outside of Bitcoin and Ethereum, XRP is one of the most widely used altcoins for payments. It makes sense because it is practical for payments. Sending value through XRP is almost free, and it’s instant. 

As more people adopt cryptocurrencies for payments, more people will get to appreciate this aspect of XRP. This will impact its demand, and by extension, its value as the years go by. It also makes XRP a good investment with real value, over and above the usual crypto-related speculation.

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What is XRP?

XRP is the native token of Ripple. Ripple acts as a medium of exchange for cryptocurrency, fiat currency, and other elements of value. Its native token functions as an intermediate currency to other crypto and fiat currencies without discrimination, thereby making it easier to exchange one currency for another.

XRP transactions are settled on a peer-to-peer basis and are not subject to any waiting time. While bitcoin transaction validation takes minutes or hours, XRP transactions are confirmed within 4 to 5 seconds at a considerably lower cost than bitcoin.

Ripple does not use the proof-of-work (PoW) or proof-of-stake (PoS) as a consensus mechanism. Though its validation software can be downloaded by anyone, transactions are validated by a group of participants that are considered less likely to perform a fraudulent act. Unlike other cryptocurrencies, XRP is somewhat centralised as it has a default list of validators.

• On the upside, XRP price prediction shows it breaking $ and making it a new level of support
• An upward trajectory towards $ is imminent if buyers come in. But we might see a bullish run towards $ this year if Ripple finally settles its lawsuit with the US Securities and Exchange Commission
• A near-term support level of $ is likely which could continue all the way to $
• Any negative update from SEC will turn against its advantage, dragging prices to a $ year-end price

• SEC battle aside, XRP price prediction for is at $ on the most bullish scenario. Greater institutional support from its growing partnerships will provide a steady momentum for the price.
• It could settle between $ to $ on a bad year

• Analysts are torn between a year-end XRP coin price of $ to $ but the latter is highly improbable based on historical data
• But a more realistic Ripple price prediction shows it would go for $ per piece by the end of

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