In 2021, the decentralised, open-source XRP Ledger (XRPL) technology was introduced. The XRP Ledger has benefits such as low transaction fees ($0.0002 on average), short settlement times (3-5 seconds), scalability (1,500 transactions per second), and naturally eco-friendly properties. Additionally, the XRP Ledger technology includes the first decentralised exchange (DEX) and unique tokenization capabilities. Since its debut in 2012, the XRP Ledger has successfully closed 70 million ledgers.

Currently, the value of XRP has a negative effect on the prices of the top 100 cryptocurrencies. On its daily time frame chart, the cryptocurrency utilised for international money transfers is currently 5.7% lower than it was a day ago, although bulls continue to defend the $0.4280 support level.

After overcoming DOGE, the eighth-largest cryptocurrency by market value, XRP has ascended to seventh place as the most valued cryptocurrency, surpassing DOGE in the process. The cross-border payments token is valued as $22 billion, which is significantly more than Dogecoin’s $14 billion.

Investors have demonstrated interest in these two cryptocurrencies as a result of recent changes to the ecosystems that support each of them separately. According to the XRP Army, Ripple has the best chance of defeating the SEC. This is the prevalent viewpoint of the XRP Army.

Analysts forecast that the price of XRP would surpass $1 by the end of 2022, allowing for a further increase to $3.40. Among crypto enthusiasts, XRP is getting increasingly popular.

XRP Price Today