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What is XRP?

investing08 - 2024-03-19 16:24:12

*XRP is a cryptocurrency and it is a native token of ripple.


*XRPL is known as XRP ledger which is an open source is an permissionless and a decentralized technology.


*It is known for cost effective and has faster transaction time than other and takes less energy intensive than bitcoin.


*Its low cost is ($ 0.0002 to transact), its speed of settling transaction are in 3-5 seconds and its scalability is just 1500 transaction per second.


Founder of XRP


*In 2012 XRP was launced by three people there name are David Schmart, Jed McCaleb and Arthur Britto.


*After few months in September 2012 the three of them and Chris Larsen founded a company that is known as Ripple after many name changes.


What makes XRP unique


*It is low cost effective .


*XRP has faster transaction time.


*XRP is less energy intensive than bitcoin.


Circulation of XRP


*XRP has a maximum supply of 100,000,000,000 XRP token, a total supply of 99,987,824,103 XRP and there are 54,736,825,690 XRP token are circulating in market.


*XRP has ranked 6th in market cap among other cryptocurrencies.


Where you can buy XRP


*As per now there are many exchanges like - Binance, Bybit, CoinExchange, OKX, KuCoin, Gate.io and kraken where you can invest in XRP.


Technical and future analysis of XRP


*As I have shown below in my chart of XRPusdt ,that in March 2020 XRP came and did a liquidity swap.


*After that it went up in August 2022 and created a order block and that order block is filled in December 2020.


*So as per now there is an liquidity pending at level of 0.2872$ as I have shown in my chart.


*So there is a high chance of XRP to take that liquidity before going up and in next 2-3 months you can see that liquidity swap.


*If any body wants to invest in XRPusdt so just wait for its right time to come at it's liquidity level. So that if you invest in XRPusdt you can get good return from your investment.
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