Understanding XRP:
XRP, developed by Ripple Labs, facilitates fast, low-cost cross-border payments. Unlike Bitcoin, it uses a consensus ledger, not proof-of-work. Its value hinges on adoption by financial institutions (e.g., Santander, Bank of America) and regulatory clarity amid its ongoing SEC lawsuit.
XRP Chart Snapshot (as of 2023)
Price: $0.50
Market Cap: $27B
Supply: 54B/100B (circulating)
All-Time High: $3.84 (2018)
2025 Target: $1+ (pending lawsuit resolution, institutional adoption).
