XRP is a digital asset built for digital transactions and is the native currency of the XRP Ripple Ledger. The XRP Ledger is an open-source decentralized finance (DeFi) platform that enables rapid transaction processing in 3-5 seconds, a significantly faster TPS rate than many comparable DeFi platforms, including Ethereum. Ripple’s network also promises lower transaction fees (aka “gas fees'') than most other DeFi systems. That promise of scalability and low fees paired with rapid transaction speeds suggests XRP is a promising candidate for future network growth and application expansion.

While XRP currently ranks as the #6 coin by global market cap, it ranked as high as #2 behind only BTC as recently as 2017. Now if you’re wondering why you may not be more familiar with this possible crypto powerhouse, look no further than it’s recent entanglements with the SEC which began in 2020.

After the SEC filed its suit against Ripple, the Commission sealed the documents prohibiting review by XRP or the public. However, only just this month, a court in NYC ruled that the documents be unsealed and rumor has it that there is a huge flaw in the SEC’s case against XRP. With the SEC smokescreen possibly deteriorating in the coming months as a result, look for XRP to be back on the rise if they can clear their name and return to full strength in 2022.

CoinMarketCap XRP Deep Dive Link:
https://coinmarketcap.com/currencies/xrp/