What Are Ripple and XRP?

[Suba]

Ripple
Ripple is a company that created the Ripple Protocol as a payment system marketed to banks, non-bank financial institutions, crypto exchanges, etc. We also know Ripple as a fast and cheap alternative payment system. Transactions only take around 4 to 6 seconds to confirm. Transaction fees are only USD 0.00001.

XRP
XRP is a coin that is used as a transaction tool on the Ripple network system, so XRP functions as a mediator for fiat money and cryptocurrencies such as BTC, ETH, LTC, etc. XRP The current price of XRP is $0.623, Max supply is 100 billion, and XRP occupies the 6th position on Coinmarketcap. ATH $3.83 was reached in Jan 2018. In your opinion, is XRP a potential and promising coin for us to use as an investment instrument?

 

[SilverLance]

XRP does have potential as a promising investment instrument as it's backed by a strong team and technology. It helps in cross border transactions. But even with these you have to consider that for many years since its SEC case, XRP price hasn't moved much. So, any investment in it should be done with a long term perspective.