Ripple (XRP) Price Prediction 2025-2030: Will XRP mirror Garlinghouse’s confidence?
Ripple (XRP) is a cryptocurrency that powers real-time gross settlements on the XRP Ledger (XRPL) blockchain. Developed by David Schwartz, Arthur Britto and Mt. Gox founder Jed McCaleb in 2011, the XRPL was created to improve cross-border payments. The blockchain launched in June 2012 and the same year, financial technology firm Ripple Labs was founded by veteran Silicon Valley entrepreneur Chris Larsen and three developers.
Read Price Prediction for XRP for 2023-24
After the company was established, the XRPL architects gifted 80 billion XRP tokens to Ripple for the company to build on the network. The XRP Ledger uses a consensus system that involves several bank-owned servers to verify transactions. The validators verify that the proposed transactions are valid by comparing them to the most recent version of the XRP Ledger.
A transaction must be accepted by the majority of validators to be verified. According to data from CoinMarketCap , XRP was trading at $0.4445 at press time. The token’s market capitalization of $22,734,327,572 makes it the sixth largest cryptocurrency in the world. XRP had a 24-hour trading volume of $1.5 billion at the time of writing. Data from Coinglass shows that the total open interest on XRP futures grew by +7.99% over the past 24 hours until press time.
The XRP ledger uses distributed ledger technology, which is different from the more commonly used blockchain technology. This technology allows bank and non-bank actors to incorporate the Ripple protocol into their own systems, as the protocol is completely open and accessible to anyone without prior approval from Ripple Labs.
In 2017 and early 2018, XRP reached an all-time high of $3.40, marking a 51,709% increase from its original price
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