Ripple (XRP) is unlike other cryptocurrencies and was created to encourage effortless monetary transfer. Traditionally, overseas payments either took too long to settle or were excessively expensive, and Ripple was designed to avoid these obstacles. Ripple XRP price and its latest updates are included in this section of our website.
XRP offers real-time payments to its customers at a nominal transactional fee.
Unlike bitcoin and other digital currencies, Ripple uses a consensus ledger instead of blockchain and is centralized.
XRP price factors
The following factors determine XRP price:
Ripple's technology: Ripple was created to make international payments faster and more accessible. XRP is used as a mediating currency during transfers, and this could be beneficial to the currency's value.
Hype: Media can affect the currency's price significantly.
Partnerships: Association with reputable companies can help drive the price of XRP.