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?
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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 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.
— You Can Change Your Life (@LifeChangingXRP) 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.