Overview
- XRP has surged roughly 42,573% since launch, but coverage says the outsized early gains are unlikely to repeat.
- The token targets international transfers by acting as a bridge currency to bypass time-consuming and costly intermediaries.
- XRP’s network touts high throughput of about 1,500 transactions per second and fees as low as 0.00001 XRP.
- Ripple Labs remains highly visible in XRP’s development and continues to defend against an SEC lawsuit over XRP sales.
- The roughly $3.5 trillion crypto market still faces adoption hurdles such as regulatory uncertainty, high fees on some networks, congestion, and trust concerns.