Ripple (XRP)

Though XRP is not meant to be used as a means of payment, it has a strong community that made it join the top most valuable cryptocurrencies. XRP price hit an all-time high of $3.84 on January 4, 2018. The first quarter of 2020 was highly volatile. At the beginning of January, XRP price was $0.193131 and it grew dramatically in February to touch a peak of $0.336901. In the following weeks, XRP price fell dramatically and touched the lows of $0.132194 in March. Followed by this correction, XRP price increased at a steady pace and reached the price of $0.2 by June.Analyses suggest that by 2025, XRP price will reach $4.50 or above. A few years ahead, in 2030, XRP price is expected to touch double digits and trade at around $20. Needless to say, the long-term predictions depend entirely on the adoption and regulations.

XRP is the native cryptocurrency of the XRP Ledger (XRPL). It is an open-source decentralized network that is used to process cross-border transactions. XRP provides the on-demand liquidity (ODL) for remittances and XRPL can handle 1,500 transactions per second. XRP is released in the year 2012, XRP was pre-mined with a total supply of 100 Billion.Ripple is supposedly the firm behind the development of XRP. RippleNet can also employ XRP for the liquidity in the processing of payments on the RippleNet. XRP is enterprise-focused and aims to bring the traditional financial institutions to adopt the blockchain technology. Despite the criticism over its decentralized status, XRP grew over the years to become one of the most popular cryptocurrencies.