Many people refer to Ripple as XRP, even though they are actually different, in simple language Ripple is the company that issued XRP. So XRP is a cryptocurrency supported by RippleNet, so transaction fees will be cheap and fast. Currently Ripple is able to confirm every transaction in just 5 seconds. The Ripple company is headquartered in San Francisco, US and Ripple has opened branches in the UK, Australia and Luxembourg. Ripple does not use blockchain as a ledger, but uses open source (RippleNet Cloud).
Factors Affecting the price of XRP
Although the main factors that influence the price of XRP are supply and demand, there are several other factors that determine the price of XRP such as trading volume and news.
Future of XRP
Currently XRP occupies the 7th position on Coinmarketcap, XRP price is $1.03, Market Cap is $48.62 billion and Max supply is 100 billion XRP. XRP first price at launch (2012) $0.1. Many experts predict that XRP is very profitable as a long-term investment. because it is expected that there will be an increase of 50% within a year.
Factors Affecting the price of XRP
Although the main factors that influence the price of XRP are supply and demand, there are several other factors that determine the price of XRP such as trading volume and news.
Future of XRP
Currently XRP occupies the 7th position on Coinmarketcap, XRP price is $1.03, Market Cap is $48.62 billion and Max supply is 100 billion XRP. XRP first price at launch (2012) $0.1. Many experts predict that XRP is very profitable as a long-term investment. because it is expected that there will be an increase of 50% within a year.