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?
By signing up to eToro, traders can buy, sell and trade XRP using the platform’s plethora of trading resources and make use of the copy trading platform to follow other XRP traders. eToro also offers lots of stocks, shares and other cryptocurrencies – so it’s well worth signing up if you’re thinking about starting your trading journey and are looking for a place to start.
To purchase XRP on Coin Kong, users will need to register an account. Coin Kong connects customers to the most premium brokers available in their countries, and automatically lists those offering the lowest commission deals. It offers hunWhere to buy Ripple coindreds of altcoins and newer ICOs, and is the preferred option for traders looking to grow their portfolios with access to the best coins in the market. Please note: this platform is only available to non-US customers.
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.