#TradingPsychology

The **XRP** currency is a digital currency created by **Ripple Labs** in 2012, and it is primarily used in the **RippleNet** network to facilitate international financial transfers between banks and financial institutions.

### **Main Features of XRP:**

1. **Speed**: It is characterized by fast transaction processing (3-5 seconds on average).

2. **Low Cost**: Transfer fees are very minimal compared to traditional systems like **SWIFT**.

3. **Scalability**: The network supports up to **1,500 transactions per second**.

4. **Institutional Uses**: It is more geared towards banks and corporations rather than individual investment like Bitcoin.

### **The Difference Between XRP and Ripple:**

- **Ripple** is the company that developed the technology.

- **XRP** is the digital currency used in the network.

### **Criticisms and Risks:**

- **Somewhat Centralized**: Ripple Labs controls a large portion of the currency supply.

- **Legal Issues**: There have been lawsuits from the **U.S. Securities and Exchange Commission (SEC)** regarding whether XRP is a security (part of it was ruled in favor of Ripple partially).

### **Circulating Supply and Market Capitalization:**

- **Max Supply**: 100 billion XRP (no mining, all coins are pre-created).

- **Market Capitalization**: Varies by market, but it has been among the top 10 cryptocurrencies for years.

### **Main Uses:**

- **Bridge Between Currencies**: Used to facilitate exchanges between different currencies.