If you look at the Coinmarketcap crypto ranking, you will notice that XRP is one of the top-traded assets in the market. All because this project has a lot of benefits and has valuable technology at the core, which makes it so attractive for both the cryptocurrency market and the real sector financial establishments. Let’s take a closer look at this currency and find out its prospects.
The Ripple platform is focused on providing quality and fast currency transfers, bringing remittances to a new level. The following advantages can be noted about Ripple:
- safe currency transfers;
- cross-border transactions;
- low commissions;
- speedy transactions;
- no intermediaries.
XRP is a Ripple native coin that takes direct participation in currency conventions. As of November 2022, the XRP crypto price is $0.48, which is slightly higher than the October level.
What is the Reason for Such a Low Ripple XRP Price?
Just a few years ago, SEC sued the Ripple company, requiring it to acknowledge that its XRP token is a security. The lawsuit is still ongoing, which does not allow the Ripple project to develop in full scale. Even though the project has an enormous potential to scale and expand its user base, it is now impossible because of the lawsuit.
Ripple XRP News
Despite troubles with the SEC, the project does not stand still. Recently, the Ripple company invested in NFTs and announced a $250 million foundation for the development of Ripple NFTs. To know more news about XRP, keep track of the project on its official website.
Since XRP is so popular and has real use cases, there are big chances that the project will receive a much more widespread adoption once the issues with SEC are solved.
Where To Buy XRP?
Being one of the most popular digital assets, XRP is traded on all crypto exchanges. For example, you can register on the WhiteBIT exchange and take advantage of its convenient interface and various trading tools. It is a safe place to buy crypto at average market prices and low fees.