XRP has seen its price rise by 26% in the last week
What is XRP?
XRP is a cryptocurrency that runs on the RippleNet payment platform, which is built on the XRP Ledger – an open-source decentralised blockchain technology that settles transactions in 3-5 seconds.
Ripple price has fared well lately on the back of news that the company intends to go public. XRP has seen a trading volume of $5.6 billion in the last 24 hours as traders line up to buy Ripple coin.
To put this into perspective, XRP’s price has risen 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 coin?
eToro
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Kraken
Kraken is a San Francisco-based cryptocurrency exchange that allows users to trade various digital currencies. With a strong emphasis on security, Kraken employs cold storage for most funds and offers two-factor authentication (2FA). Its user-friendly interface provides real-time charts and order books, making it suitable for both beginners and experienced traders. Kraken also complies with regulatory requirements in the jurisdictions where it operates.
How is XRP different from XLM?
Stellar was also created to be a low-cost open payments network. In fact, both projects were co-founded by Jed McCaleb and the Stellar blockchain was created as the result of a hard fork of Ripple.
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.
SEC’s motion is DENIED $XRP its time to rise 🍾 pic.twitter.com/7n91YhLzcl
— You Can Change Your Life (@PomHarryJ) May 30, 2021
Ripple will launch an initial public offering once the lawsuit is over, which has got many investors excited, as reflected in the rise in Ripple price.