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Is Ripple a Good Investment?

5 Min Read
Last Updated March 26th 2021

Ripple has a lot of potential to fulfil in the upcoming years, and it looks like it is bound to be a positive investment. The value it holds is said to rise in the near future, namely the next two to five years.

Cryptocurrencies are changing finance. This is all due to technology slowly becoming a leader in a number of aspects of our lives, including trading. 

Though cryptocurrencies still need to overcome plenty of obstacles to speed up adoption, after the recent rise in Bitcoin’s price, many people have chosen to overcome their technology bias and invest in the cryptocurrency market. 

While investing in cryptocurrency can be tricky, it can prove extremely profitable. Cryptocurrencies like Ripple are becoming more popular every day. 

After the United States’ Securities and Exchange Commission (SEC) initiated legal proceedings against Ripple’s executives for allegedly selling unregistered securities in December 2020 which led Coinbase to delisting the cryptocurrency, the digital asset has struggled for price consistency and is currently trading at $0.4319.

With Bitcoin (BTC), Ethereum (ETH) and Binance Coin (BNB) hitting all-time highs in the month of February, is Ripple the next Cryptocurrency to go up in 2021 and will it surpass $1?

Ripple is one of the oldest cryptocurrencies around but for some reason it has not obtained the same hype status of digital assets such as Ethereum, Binance Coin and the other altcoins in the crypto trading space.

Ripple is a good token to consider because it does not use a Proof-of-Work system.

Proof-of-Work consensus algorithm is what Bitcoin relies on when processing transactions. In its inception, Vitalik Buterin and his team of developers decided that imitation of BTCs blockchain will see the crypto asset (Ethereum) obtain the same level of success the parent digital coin was benefitting from.

Ethereum 1.0 adopted Proof-of-Work on its blockchain. After seeing the slow processing of transactions which saw many traders and investors call out the digital asset for its scalability issues, Ethereum launched its new platform. Ethereum 2.0 was launched in December 2020 with an upgrade from Proof-of-Work to a Proof-of-Stake (PoS) system where more transactions can be processed.

Ripple unlike other cryptocurrencies does not rely on blockchain but employs a consensus ledger system to perform transactions. This means that there is a relatively steadier transaction time as a result of fewer problems with design and less work for its network processors.

Ripple balances decentralization with centralization. Ripple provides a decentralized currency XRP which is owned by Ripple Labs. Cryptocurrencies are known to decentralize the whole finance stratosphere but traders and investors have questions as to the security of their investments (assets).

Analytics firm Chainalysis in 2019 stated that “Just two groups both of which are apparently still active may have stolen a combined $1 billion from cryptocurrency exchanges”.

According to Mike Orcutt of MIT Technology Review, “In total, hackers have made off with nearly $2 billion worth of cryptocurrency since the beginning of 2017, mostly from crypto exchanges”. Quite surprisingly, that is the number that has been revealed to the general public.

This means that there are several vulnerabilities in blockchain technology and since Ripple does not run on blockchain, it cannot fall victim to such hacking. By being a centralized decentralized currency, Ripple has a team that works daily to maintain the stability of its value as well as ensure its success. In the crypto world where volatility forms the basis of how gains and losses are made, having this kind of backing and security is extremely essential for investors.

One of the major problems associated with the use of cryptocurrencies is its fees. Many digital assets charge very high fees to process transactions. Ripple on the other hand has low transaction fees.

According to Data sourced from Bit Info Charts, the average transaction fee for Bitcoin (BTC) is currently fluctuating between $24 and $31. According to data retrieved from YCharts, the average transaction (gas) fee of Ethereum (ETH) is $15.31 after hitting an all-time high of $39.49 on February 23, 2021. Ripple’s transaction fee is one (1) XRP which is currently trading at $0.44 which is miles away from the 10s of dollars being charged by its competitors.

Such fees make Ripple the competitive choice for banks with regards to their transfer technology. Ripple as part of the decentralized world can become the major digital asset powering traditional financial institutions in the global money transfer space.

In terms of measuring the capacity of other altcoins, Ripple relatively has a bigger market capitalization and trade volume. Market capitalization helps traders and investors get a clear picture as to how the market values a company. Trade volume is one of the important trading elements you cannot miss.

While trading volume is not the only tool, it adds invaluable insights into your investment decision. As Dan Moskowitz of Investopedia puts it “Logically, when more money is moving a stock, crypto, commodity or metal, it means there is more demand for that asset”.

The size of an assets markets cap goes a long way to determine which category it falls under. As at the time of writing, Ripple has a market capitalization of $20.697 billion, trading within a 52-Week Range of $0.1151 to $0.7680 and a trade volume of $5.55 billion in the last 24 hours.

This means that the crypto asset falls under large cap cryptocurrencies since its market cap is over $10 billion. Per the numbers in terms of volume means many investors patronize the asset daily.

One of the main factors which makes Ripple a good investment is its extensive patronage by banks. Ripple is not only a cryptocurrency but also serves as a transaction protocol which has a function of streamlining cash transfers between financial institutions.

This means that unlike other currencies which are just digital, Ripple has some form of traditional institutional backing which has not only adopted its protocols but applies it in their business.

Evidently, Ripple technology has been adopted by banks as a payment and money transfer method. Cambridge Global Payments, Santander, Star One Credit Union, Axis Bank and the largest bank in Japan, MUFG, uses Ripple‘s technology as a safe and secure way to transfer money.

In terms of affordability, Ripple is in the trading price range of every investor and has a huge potential for growth due to its presence in both centralized and decentralized systems. At $0.4319, purchasing 100 XRPs is going to set you back $43.19, 1000XRPs cost $431.9 and 10,000XRPs will cost you $4,319. This cannot be compared to the current price of Bitcoin or Ethereum.

According to Billionaire Hedge Fund Manager and former Goldman Sachs Alumni, Will Meade, “XRP will go up like Bitcoin and will increase by 1500%”. In the future, a 1500 percentage change in price will take the price of XRP back to its highs of $3 or may even surpass it.

Financial Services advisor, Sean Matthew in a detailed technical analysis demonstration, predicted the price of XRP to trade at $10 and saw “A bullish breakout in the asset and a repeat of the major surge from 2017 and 2018”.

Contents:

Ripple: What is it?

Who Created Ripple and When did it start Trading?

Why Was Ripple Created?

Ripple: Will it be a Good Investment in 2021?

So, Is Ripple a Good Investment

What Are The Drivers of Ripple?

Will Ripple Continue to Soar in 2021?

So, What Comes Next for Ripple?

Ripple Price Prediction in 2021 and Beyond

Is Ripple a Buy and How Much Will Ripple Be Worth?

What Are the Pros and Cons of Investing in XRP?

How do I Invest in Ripple?

Will I Make Money Investing in Ripple?

Does Ripple Have a Future?

 

Ripple: What is it?

Ripple is a currency exchange, real-time gross settlement system and remittance network. Ripple is built on a distributed open-source protocol that supports tokens representing cryptocurrency, commodities, fiat currencies and other units of value such as mobile minutes or frequent flier miles. Its native cryptocurrency is XRP and its network is called RippleNet (this is a digital payment network that is on top of the XRP Ledger distributed database).

Ripple does not use blockchain unlike Bitcoin (BTC), Ethereum (ETH) 2.0 and the Binance (BNB) Smart Chain (BSC). The developers decided to be a bit different with their approach to the decentralized world and more importantly, the use of financial technology (FINTECH).

It uses a common ledger that multiple users have access to by trading the security of the number of ledgers in existence for faster transaction times unlike its blockchain siblings that are accustomed to using distributed ledger technology.

Would You Consider Investing In Ripple XRP?

Who Created Ripple and When did it start Trading?

The idea to provide secure payment options to several members of an online community was first conceived in 2004 by Ryan Fugger (software developer, originator of the credit network part of ripple, initial coin offering advisor and early-phase consultant).

Ryan gained the idea from his time in Vancouver, Canada where he worked on a local exchange trading system. Seeing as to how centralized the whole financial system was, Fugger had a vision of creating a monetary system which had decentralization as its main theme. He wanted to create a system that could empower communities and more essentially individuals to create their own money which will ease the process of going about their daily activities.

As part of the internet boom in the early 2000s which saw the creation of Facebook (FB) in 2004 and companies such as PayPal Inc. (PYPL) gaining grounds in the early 2000s after its formation in December 1998, Fugger built RipplePay.com which was the first iteration of his idea of a payment system in 2004. One of the main reasons for its creation was to enable people to extend credit lines to their family and friends.

With the introduction of blockchain technology by Satoshi Nakamoto in 2008 to serve as a public transaction ledger with its novel cryptocurrency Bitcoin (BTC), Jed McCaleb (a programmer and entrepreneur who is the current Chief Technology Officer of Stellar) began to develop a digital currency system whereby transactions were verified by an agreement among all the members of a network rather than BTCs blockchain process of mining.

In August 2012, former Chief Technology Officer of Ripple until 2013, Jed McCaleb, employed the services of Chris Larsen (an angel investor and business executive who has helped co-founded several technology start-ups) and together they approached Ryan Fugger with their idea of how a digital currency should be. After lengthy consultations and discussions with key proponents of the Ripple community and particularly Jed McCaleb, Ryan Fugger gave in to their requests and handed the concept of his digital currency to them.

In September 2012, OpenCoin was co-founded by Jed McCaleb and Chris Larsen. The development of a payment and exchange network and protocol (RTXP) was in the process. After an angel round of funding (getting a company off the ground) with the help of many venture capital firms, OpenCoin made its first acquisition, Simple Honey. The acquisition of Simple Honey was a statement to help with the popularization of virtual currencies and make it relatively easier to be accepted for usage by regular people.

OpenCoin officially became Ripple Labs, Inc. on 26th September, 2013.

Ripple was first traded on cryptocurrency exchanges on 4th August 2013 at a price of $0.01.

Why Was Ripple Created?

Ripple was created to be used for a number of purposes through its native cryptocurrency XRP and its network, RippleNet. The primary use of its crypto XRP is to help with the transfer of other currencies or commodities such as oil and gold over RippleNet.

A great example can be attributed to when a traditional financial institution such as a bank uses RippleNet (network) to conduct transfers and settlement, the cost is deducted in a relatively small amount of XRP.

The whole idea is to provide a system that settles the transfer of assets (money) in almost real-time which is more transparent, cheaper and offers a secure alternative when compared to most of the transfer systems which have been employed by financial institutions. This is done by a process called SWIFT.

Evidently, the average transaction time on RippleNet is four seconds. Traditional banking systems normally take three (3) business days to process transactions and Bitcoin (BTC) takes ten (10) minutes.

Where Was It Created?

The idea was first conceived in Vancouver, Canada but was executed in the United States of America. Ripple currently has its headquarters in San Francisco, California and it’s an innovation that was born in North America.

How many Ripple Coins Are in Supply?

The total supply of XRP stands at 99,990,831,162, with a maximum supply of 100,000,000,000. Due to token burning which is used by other “altcoin” companies such as Binance and Stellar has helped reduce the number of coins in circulation. Ripple burns coins through the fees (XRPs) which are used to make transactions happen faster than the average time. Ripple has a current circulating supply of 45,404,028,640.

Ripple: Will it be a Good Investment in 2021?

Ripple is a good investment in 2021. According to Australian cryptocurrency expert who goes by the name Crypto Bitlord, “Altcoin season is just around the corner, coins such as XRP will soon show tremendous growth in the upward market”. His prediction comes after the new all-time highs of Bitcoin (BTC), Ethereum (ETH) and Binance Coin (BNB) in February. Statistically, Bitlord sees XRP hitting $28 in the near future.

Mark Phillips, a seasoned crypto investor has studied the functionality of XRP extensively and has come to the conclusion that “XRP is targeting a great milestone of $10,000 in the long term”.

This begs the question as to which cryptocurrency will be the second to cross this milestone after BTC surpassed it again in August 2020 after hitting all-time lows in March 2020 when it was trading around $3,800. In the short term, “XRP will hover around $111”, the crypto investor added.   

City Telegraph sees XRP increasing in 2021 and ending December with a trading price of $1.18.

Changelly predicts that XRP can touch the $1 price point by the end of 2021.

On Crypto Bull, an XRP price prediction survey conducted by website’s followers on social media platform (Twitter) for 2021, resulted in more than 40% choosing $11-$25 as the trading price of the digital asset.

According to Oracle Times, “XRP cryptocurrency is the only real option for financial institutions and banks to make cross-border payments instantly.” This, Oracle Times believes can lead Ripple and the whole cryptocurrency space to a whole new level in the future. Additionally, it sees a 2000 percentage change in the price of XRP in the future.

So, Is Ripple a Good Investment

Most investments down to the factor of “risk versus reward”. Do the potential rewards outweigh the possible consequences of the risks?

Ripple is currently dealing with the SEC but popularity fans and trust, among traditional financial institutions, coupled with the unique product of On-Demand Liquidity which is a priority in 2021 makes Ripple a good investment and you should consider adding it to your portfolio.

Overall, Ripple is performing well and unlike the other altcoins which do not possess the network (RippleNet) and usage by several money transfer services globally, millions of customers are being serviced through Ripple’s technology in over 55 countries worldwide.  

What Are The Drivers of Ripple?

The industry has a huge growth potential but like all businesses in other industries, only a handful of firms which have a strong user base (fans) will have a major share of the financial technology market.

Ripple’s technology pushes its price. As you may know, the altcoin does not only rely on its native token XRP but also on a network (RippleNet) where it performs international transactions. There are several banks which have adopted Ripple’s technology and there are others that are testing the technology and how it could ease their business activities.

Another factor that drives Ripple’s price is the media. When news broke out of the SEC charging the executive members of the company for selling XRPs as securities when it was registered as commodities, the price of XRP dropped from $0.5650 on December 21, 2020 to $0.27 on December 23.

Crypto Busy, a channel on YouTube, believes “Ripple-SEC lawsuit will probably be settled out of court, a net positive for XRP Price”. Crypto Busy further added that “XRP may close at the psychological resistance of $1 in 2021 but upcoming projects such as building more partnerships with credible traditional financial institutions coupled with its On-Demand Liquidity (ODL) feature will take it across $3 and hit new highs in the process”.

Read More: What Will Drive The Ripple XRP Price in 2021?

Will Ripple Continue to Soar in 2021?

With more established financial institutions and start-ups partnering up with Ripple to be able use its sophisticated technology to enhance their products, XRP will continue to soar in the years to come. This is heavily backed by Moody Investors Service which opined that “Ripple’s price thrives on an increase in institutional interest just like what happened to Bitcoin. With such interest, the price of the digital asset can surpass $2 in the near future”.

The credibility and authenticity of Ripple’s customers certifies a level of trust in the eyes of traders and investors. With hundreds of financial institutions across over 55 countries as customers, Ripple’s potential for growth is unlimited.

Such a customer is Santander (one of the world’s largest banks which offer a wide range of services to its 140 million retail and commercial services) which had a goal of creating innovative financial services which directly benefits customers and as well provides a basis for individuals and business organizations to prosper.

Ripple helped the bank develop a service called One Pay FX. With this technology, customers are allowed to make same-day or instant international payments which costs relatively less with a feature (currency converter) which enables the sender to get to know the amount of money the receiver gets. As a result of its success, the software has been launched in six (6) countries and payments can be sent to 24 countries including all the states in the European Zone.

In a statement, Chief Technology Officer of One Pay FX, Ed Metzger, speaking highly of Ripple said “Our innovation is always customer led. Ripple helped us to address the issues of speed and transparency around international payments which were raised by our customers. Their innovation has made sending money abroad better”.

Transfer Go, United Kingdom based money transfer service which operates in 47 countries in 22 currencies, had an objective of moving money globally in an easy and simple process which can be equated to the sending of a text message.

The network (RippleNet) has several features which allow the money transfer service to integrate with local and financial institutions globally in an efficient manner and see a reduction in the processing time from days to just minutes. Ripple has provided invaluable assistance to Transfer Go and the company looks forward to accepting customers from Africa, Southeast Asia and America after having great success in India.

Chief Executive Officer Daumantas Dvilinskas opined that “We are making a real difference in the lives of people through the provision of cheaper and faster remittances. We have a competitive edge in India thanks to RippleNet”.

XendPay, a low-cost online money transfer service provider in the United Kingdom, had a goal of opening new markets where payments could be received in local currencies while enhancing the company’s reputation as one which provides services at a low cost.

Developing a partnership with RippleNet has significantly increased not only the company’s transaction volume but the rate of new customers as well. Head of Product Innovation at Rational Group Bhavin Vaghela feels Ripple has helped Xendpay stay ahead of the competition by helping the company reduce processing days from 3 business days to one hour as well opening up new markets at different locations.

Nium, a cross-border payments company,  had a goal of differentiating themselves from competitors in a saturated marketplace where everyone wants to take advantage of Decentralized Finance (DeFi).

To enhance the payment experience of its users, Ripple allowed Nium to leverage its advanced Blockchain technology to help with the fast processing of real-time transactions.

Co-Founder and Chief Executive Officer of Nium, Prajit Nanu is of the opinion that “Through Nium’s use of Ripple in the Philippines and Mexico corridors, we have been able to eliminate pre-funding requirements and offer faster remittances at a lower cost”.

REMITR, an alternative wire transfer business, which operates within and outside the confines of its headquarters in Canada had an objective of connecting with new business partners as well as reaching more customers through its services.

Ripple heard their cries and gave them standardized accessibility to a large pool of new partners they can trust. In two weeks, RippleNet (Network) helped REMITR open up three new markets.

Chief Executive Officer and Co-Founder, Kanchan Kumar reiterated that “RippleNet has given us access to a wider, trusted network of partners who could move as quickly as we do to connect and provide services in new regions”.

Don't Miss: Is Ripple Worth Buying 2021?

So, What Comes Next for Ripple?

Ripple has a special feature which they are marketing aggressively in 2021 which is On-Demand Liquidity (ODL) and this is how it works.

Customers who use the network (Ripple Net) can use XRP (cryptocurrency) to bridge two currencies in a space of three seconds. This ensures that payments are quickly sent and received in their respective local currencies on either side of a transaction.

Chief Executive Officer of Azimo, a global money transfer company, has confirmed the importance of ODL and in a statement said that “Ripple’s On-Demand Liquidity solution has significantly reduced the cost and delivery time for cross-border transfers, and customers are seeing the benefits”.

goLance, an outsourcing website for hiring freelancers, has used Ripple technology to create a platform where clients bear no cost posting jobs and freelancers are charged low service fees as well as receive payments early due to fast processing times. 

Founder and Chief Executive Officer, Michael A Brooks, in a statement said “The XRP ledger never sleeps, it’s for the future of work where money doesn’t sleep and doesn’t close the door when banks do. It has made it easy to hire freelancers and more importantly pay them their due as a result of low service fees in a timely manner”.

Ripple Price Prediction in 2021 and Beyond

Founder of TechCrunch and Michael Arrington XRP, Michael Arrington, a legendary technology investor has opened a hedge fund worth $100 million which is denominated in XRP. This means that seasoned investors can sense the potential growth of Ripple and the high trading price levels it could reach someday.

“Ripple is basically a platform which allows people to transfer money from person to person, bank account to bank account, really simply, really securely and really quickly” were comments made by Actor Ashton Kutcher and his business partner Guy Oseary when they appeared on Ellen DeGeneres show to talk about the future potential value of Ripple.

According to Prime XBT, “Ripple could break out to a price of $3 or even trade beyond that”. “It also believes that if the company is able to resolve its case with the Security and Exchanges Commission, Ripple could rise to as high as $27 per token in 2021 for the short term, increase to $34 in 2022 in the medium term, and experience a bearish situation in 2023 where it will trade at $14 and spike an interest as a result of a drop in price to trade at $140 in 2025.

Trading Beasts has predicted XRP price to be $0.6585 in March and for the year ended December 2021, price will be traded at $0.06874.

Wallet Investor doesn’t see Ripple’s price rising above $0.50 in 2021.

Ripple Coin News opines that “It is reasonable that XRP will achieve the $1 mark by the end of 2021”. The partnerships with widely known financial institutions and the diverse creation of innovative products for start-ups can lead XRP assets to the $70 price point”.

Long forecast believes the month of March 2020 will see XRP price rise to $0.80 and will even cross $1 but will drop in the middle of the year and would be trading at $0.84 in December 2021.

Check Out: Ripple Price Prediction  

Is Ripple a Buy and How Much Will Ripple Be Worth?

Although you have to perform fundamental analysis as an investor and follow an asset’s technical analysis before you can take investment decisions, Ripple is definitely a buy for the following reasons,

 Ripple does not rely on blockchain so does not have proof-work problems which have slow processing times.

 Ripple is decentralized but centralized which means there is a physical institution of a group of people who do everything they can to ensure the asset's stability as well as its value.

 Ripple has been adopted by hundreds of established financial institutions and has helped design software products which have led to those companies satisfying their customers through safe, secure and timely payments.

Deloitte reported that several business organizations have considered adopting blockchain but because of scalability issues have concerns. Ripple is helping several companies such as Transfer Go, Nium and Santander process transactions within seconds while the old banking system took three business days and BTC takes approximately ten minutes.

Ripple has been touted as recession proof and has its own Public Relations Department which continuously markets its products to individuals and business organizations.

According to CoinPedia, Ripple will in the not-too-distant future have a trading price which ranges from $4 and $8 as a result of its affordable prices in the next five years.

According to financial experts, Investing in Ripple now is a wise step to take. In 2021, Ripple predictions state that the price could reach $1. Moreover, analysts believe that the price may hit the $2 mark.

According to Medium, investing in Ripple in 2021 cannot do your profit any wrong, since this coin has a bright future ahead.

eToro – The Best Platform To Buy Ripple

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Virtual currencies are highly volatile. Your capital is at risk.

What Are the Pros and Cons of Investing in XRP?

Pros of investing in Ripple:

  • One of the pros of investing in Ripple is how quickly transactions can be fulfilled. transactions can take place in a matter of seconds. Meanwhile, bank transactions can take weeks to be processed. 
  • Another pro is Ripple’s low transaction fees, as opposed to banks, which can be tremendously high.
  • Ripple has a large number of users, and it is one of the most valued cryptocurrencies by the crypto community.
  • One of Ripple’s main pros is the potential future it has. From the above-mentioned analyses and predictions, Ripple is in for a good ride ahead.

Cons of investing in Ripple:  

  • The SEC’s lawsuit against Ripple has made investing in XRP a bit risky. However, once this lawsuit has come to its conclusion, it will likely be safe for Ripple to move on forward.
  • Ripple uses an open-source decentralized ledger, instead of using blockchain which is not a favoured factor among crypto enthusiasts. This is due to the fact that Ripple is mainly concentrated in the finance and banking industries.
  • XRP is supported by banks and businesses. The crypto community has criticized Ripple many times for being a “central bank cryptocurrency”, which is the opposite of Satoshi Nakamoto’s vision.

How do I Invest in Ripple?

Now that you know the market potential of Ripple as well as the various innovative products it has helped create for established institutions as well as start-ups, you may have been asking yourself numerous questions as to which brokerage is credible enough to hold my XRPs?

At Trading Education, traders and investors are not just informed about what, why, when, who, how and where. It is our utmost responsibility to provide you with the best brokerage which will offer you security and returns on your investment.

Among hundreds of brokerages, the one which ticks our boxes in terms of security, scalability and professionalism is eToro.

eToro has been in operations for a long time and has offices in the United Kingdom, United States, and other countries which mean the company has the needed certifications and license to operate.

There are two simple ways for you to buy your first coins (XRPs) on eToro.

The first way involves 4 simple steps.

1. The first step to creating an account on any platform online is to SIGN UP.

2. The next step involves KNOWING YOUR CUSTOMER (KYC).

Under KYC, you will be asked to provide government-issued identification cards (passport, driving license and your country’s national identification card).

3. Once verification has been done, you have to DEPOSIT MONEY (fiat currency in the form of USD, EUR or GBP). Having money on your LIVE ACCOUNT will make it possible for the purchase of your first XRPs.

4. After successfully completing the depositing phase, you can HEAD STRAIGHT TO THE RIPPLE (XRP) PAGE and as per the number of XRPs purchased, will be added to your account.

The second way is to navigate the XRP page and follow the sign up process above to complete your first page of the coins.

Will I Make Money Investing in Ripple?

Investing in Ripple and HODLing over the long-term has proved to be profitable for some traders. If you buy Ripple and HODL it, its price may increase in the long run, which is expected by a variety of experts.

The crypto market can change overnight. A single event can make a big difference. For instance, when the coronavirus pandemic emerged in March 2020, many cryptocurrencies dropped in price.

Cryptocurrency can surprise anyone and for a decade now it has been growing in popularity.

Does Ripple Have a Future?

Ripple is one of the few cryptocurrencies that likely has a future ahead. XRP has been around  for quite some time now, and has built itself a good reputation. 

One of the key differences that makes Ripple unique in comparison to other cryptocurrencies is that there is no mining on the network. This makes XRP more attractive to some traders and may mean it can outlive cryptos that need to be mined.

Moreover, XRP can be traded in billions of units. But these are only some of the features that make investing in Ripple exciting for crypto traders and Ripple’s future a bright one.

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