Ripple was made to connect banks, payment providers and digital asset exchanges, enabling real-time settlement expeditions and lower transaction fees.
XRP is a digital asset for payments. It is the native digital asset on the XRP Ledger—an open-source, permissionless and decentralized blockchain technology that can settle transactions in 3-5 seconds. XRP can be sent directly without needing a central intermediary. This makes it a convenient instrument in bridging two different currencies quickly and efficiently. This has led to an increase in XRP Price.
Faster, less costly and more scalable than any other digital asset, XRP and the XRP Ledger powers innovative technology across the payments space.
Ripple is building technology to help unleash new utility for XRP and transform global payments. Third parties are also pursuing other XRP-related use cases.
RippleNet customers can use XRP for sourcing liquidity in cross-border transactions, instead of pre-funding—ensuring instant settlement, lower exchange fees and more efficient use of working capital.
RippleX is Ripple’s open developer platform for money. Through RippleX projects, developers leverage XRP and its underlying technology in use cases from micropayments, to e-commerce to exchanges and peer-to-peer services.
The ledger is maintained by independent participants of a global “XRP Community,” of which Ripple is an active member. Independent validator nodes come to an agreement on the order and validity of XRP transactions. This agreement, called consensus, serves as final and irreversible settlement. The ledger reaches consensus on all outstanding transactions every 3-5 seconds, at which point a new ledger is issued. Anyone can be a validator, and active validators on the ledger today include universities, exchanges and financial institutions. There are currently 36 validators, and Ripple runs 6 of them—16%.
Let us review XRP Price
XRP Price Prediction
XRP is trading near the support of $1.09. If it can stay above this support, we could start seeing a move towards $1.21, $1.32, $1.42, $1.57 and $1.76. If the resistance at $1.76 breaks we could see a move towards $2.30, $3.17 and $4.05. Failure to hold the support at $1.09 could lead to a drop towards $1.00 and $0.88.
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