XRP saw a 26% price increase in the last week
What is XRP?
XRP is a cryptocurrency that runs on the payment platform RippleNet, which is built on the XRP Ledger – an open source decentralized blockchain technology that settles transactions in 3-5 seconds.
The price of Ripple has performed well recently on the back of the news that the company intends to go public. XRP has seen a trading volume of $5.6 billion in the past 24 hours as traders line up to buy Ripple.
To put this into perspective, the price of XRP has increased by 390% over the past year.
XRP has many business applications and is one of the first carbon neutral blockchains.
Where can I buy Ripple?
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How is XRP different from XLM?
Stellar was also created to be a low-cost open payments network. In fact, both projects were founded by Jed McCaleb and the Stellar blockchain was created as a result of a Ripple hard fork.
However, the projects have developed different partnerships and use cases. Companies currently leveraging Ripple’s technology include BitGo, Bitpay, Coil, Forte, Raised in Space, GateHub, and Exodus.
– You can change your life (LifeChangingXRP) May 30, 2021
Ripple will launch an initial public offering once the lawsuit is over, which has excited many investors, as evidenced by the rise in the price of Ripple.