RIPPLE NEWS, ANALYSIS AND FORECAST


Latest Ripple News


Ripple Technical overview


Latest Ripple Analysis


Latest Ripple Analysis

Editors' picks

Ripple Price Prediction: Whale accumulation sparks hope as rising exchange reserves signal caution

Ripple Price Prediction: Whale accumulation sparks hope as rising exchange reserves signal caution

XRP sustains mid-week recovery as XRP/BTC flashes golden cross for the first time since 2017. Large volume holders increase XRP exposure, indicating rising demand and investor confidence.

Pi Network Price Forecast: PI eyes $0.66 as whale activity surges

Pi Network Price Forecast: PI eyes $0.66 as whale activity surges

Pi Network (PI) declines by nearly 4% on Friday, trading at $0.79 at press time. The technical outlook suggests a downward move ahead as the short-term recovery concludes with a trendline breakdown. 

Bitcoin Weekly Forecast: BTC enters full price-discovery mode after seven straight weeks of gains

Bitcoin Weekly Forecast: BTC enters full price-discovery mode after seven straight weeks of gains

Bitcoin price stabilizes around $111,000 on Friday after reaching a new all-time high of $111,900 this week. Corporate accumulation, institutional demand, signs of easing regulations and fiscal woes in the US have fueled BTC’s rally.

Jupiter Price Forecast: JUP eyes $0.82 as Fluid backs Jupiter's upcoming lending protocol

Jupiter Price Forecast: JUP eyes $0.82 as Fluid backs Jupiter's upcoming lending protocol

Jupiter exchanges announced the upcoming launch of Jupiter Lend, powered by Fluid, on Solana this summer. With the announcement of Jupiter Lend, the JUP token surged 16% in the last 24 hours. 

Bitcoin: BTC enters full price-discovery mode after seven straight weeks of gains

Bitcoin: BTC enters full price-discovery mode after seven straight weeks of gains

Bitcoin (BTC) price stabilizes near $111,000 on Friday after reaching a new all-time high of $111,900 this week. BTC enters an uncharted territory as a perfect storm of corporate accumulation, institutional demand, signs of easing regulation and increasing concerns among investors about debt sustainability in the United States (US) have fueled bullish momentum.

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XRP


What is Ripple?

Ripple is a blockchain-based digital payment company founded in 2012 that utilizes its cryptocurrency, XRP, to facilitate fast and low-cost international fiat currency transactions. XRP is the native cryptocurrency of the XRP Ledger, the blockchain that powers Ripple's operations. It's important to note that XRP is the cryptocurrency while Ripple is the parent company behind its operations.

XRP was created with almost the same goal as Bitcoin, which is to facilitate easier payments globally but with a focus on businesses and banking institutions. Unlike Bitcoin – which is mined over time – all XRP tokens were issued at its launch. At the time of writing, over 57.4 billion XRP tokens are in circulation, with a total supply of 100 billion XRP.

While XRP was originally designed to facilitate B2B international transactions, its price volatility has seen traders leverage it for speculative purposes.

A major turning point in XRP's history is the beginning of Ripple's legal battle with the US Securities & Exchange Commission (SEC). The SEC filed a lawsuit against Ripple and its co-founders Christian Larsen and Bradley Garlinghouse in late 2020, alleging that the sale of XRP was an unregistered security offering. In July 2023, a federal court ruled that XRP is not a security when sold to retail investors, marking a major victory for Ripple.

Furthermore, Ripple created a stablecoin, RLUSD, to improve cross-border payments for its users. RLUSD is designed to maintain a 1:1 price peg with the US Dollar. With this stablecoin, Ripple aims to tackle concerns about XRP's volatility by providing a stable option for users to conduct transactions.

Differences between Ripple, Bitcoin and Ethereum

XRP's main difference from Bitcoin stems from its user focus, consensus process and market dynamics. While both cryptocurrencies have a lot of similarities in basic features like privacy and transparency, some of the key features mentioned earlier reveal a stark difference in how they function.

Satoshi Nakamoto created Bitcoin as a decentralized medium of exchange and store of value for everyday users. Ethereum is designed to power smart contracts that enable the creation of decentralized applications that cut across finance (DeFi), supply chain, asset management, gaming (GameFi), governance (DAOs), etc.

XRP, on the other hand, is tailored to serve as a cross-border payment solution for businesses and financial institutions but could also facilitate peer-to-peer transactions.

Another key difference is the process through which Bitcoin and XRP validate transactions. While Bitcoin leverages the energy-intensive Proof-of-Work consensus mechanism and Ethereum uses Proof-of-Stake to validate transactions, XRP leverages a social governance consensus process that requires network nodes to maintain a trusted list of validators that it reaches consensus on the correct state of the ledger/blockchain.

Unlike Bitcoin and Ethereum, validators don't receive rewards in newly minted coins as all XRP tokens were pre-mined during the creation of the cryptocurrency.

XRP's consensus process made it more scalable and cheaper in processing transactions than Bitcoin and Ethereum. XRP can theoretically process 1,000 transactions per second (TPS), with each transaction costing only 0.00001 XRP. Bitcoin and Ethereum can only process roughly 7 and 20-30 TPS, respectively, with transaction fees sometimes crossing $100 during heightened network activity.

Other areas of difference include: