In 2021, a system known as the XRP Ledger (XRPL), which is decentralised and open-source, was introduced. The XRP Ledger provides a number of benefits, including inexpensive transaction fees (an average of $0.0002), rapid settlement times (ranging from 3-5 seconds), scalability (1,500 transactions per second), and naturally environmentally friendly qualities (carbon-neutral and energy-efficient).
The XRP Ledger technology also incorporates the very first decentralized exchange (DEX) and a one-of-a-kind tokenization functionality. Since its inception in 2012, the XRP Ledger has successfully completed the closing of 70 million ledgers.
Today’s XRP Price
| DATE | XRP | USD |
|---|---|---|
| Today | 01 | $0.4645USD |
XRP Price Prediction
As long as investors are uncertain about the outcome of the ongoing dispute between Ripple and the SEC, the XRP price forecast will remain unchanged. According to James K. Filan’s report, the Securities and Exchange Commission (SEC) has not taken a position on the petitions made by Philip Goldstein, Investor Choice Advocates Network (ICAN), and SpendTheBits to file amicus briefs in the continuing controversy regarding Ripple.
In its substitute, Filan stipulates a single conditional requirement must be met. The Securities and Exchange Commission (SEC) requests that it be granted permission to submit a reply brief on November 15 in support of its move for summary judgement, in the event that the motion is granted.
The price of XRP is currently at $0.464, and the trading volume for the past 24 hours is $1.7 billion. With a current market worth of $23 billion, CoinMarketCap is now ranked as the sixth most valuable cryptocurrency. It has a total supply of 100,000,000,000 XRP coins and a supply in circulation of 50,085,407,159 XRP coins at the moment.
As the legal battle between the SEC and Ripples approaches its conclusion, the XRP coin is gaining steam, and investors appear to be preparing for an upward trend.
The XRP/USD currency pair is trading sideways on a daily timescale, and there is immediate support found near $0.4415; this support is stretched by an upward trendline. In addition, XRP has managed to keep its price above the $0.4410 level with the help of the 50-day moving average.
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