Ripple network is the $XRP coin
Ripple’s open source protocol and network is already being used by banks and other institutions
Ripple network is positioning itself not as a direct rival to cryptocurrencies, but more as an updated version to the SWIFT system
There is no mining process involved to mint new units of XRP
The pre-mined amount of XRP is 100 billion units but only a fraction of that is currently in circulation
The all-time-high of the XRP price was €3.18, reached in early 2018