What Is Ripple (XRP)? Should You Invest In XRP in 2022

What is Ripple ( XRP )

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Did your brain ever puzzle with what is ripple? Some of you who have been around the crypto world for a while may already be familiar with XRP. Despite ups and downs, the price of XRP remained unusually high from 2021 to 2022. So, according to experts, what are the price estimates for XRP in 2022?

What is Ripple (XRP)?

Ripple is an open-source network that focuses on processing financial transactions through digital payment networks and currency exchange networks.

Through the concept of decentralized peer-to-peer exchange, this technology allows for quick conversion to numerous forms of cash and gold. Ripple’s innovation eliminates the possibility of completing transactions that would normally take days at traditional banking institutions.

XRP, Ripple’s native asset, is now ranked 7th on CoinMarketCap, with a supply of 100 billion coins. The Ripple network uses XRP as a cryptocurrency to facilitate cross-border cash transactions.

Chris Larsen and Jed McCaleb, the co-founders of XRP, initially published it in 2012.

Advantages of Ripple (XRP)

1. Fast transaction confirmations:

Ripple Transaction confirmations are extremely quick. They usually take four to five seconds, compared to the days it may take banks to execute a wire transfer or the minutes or maybe hours it takes to verify Bitcoin transactions.

2. Low transaction fees:

A transaction on the Ripple network costs only 0.00001 XRP or a fraction of a penny at current pricing.

3. Versatile exchange network:

Ripple is a versatile exchange network that does more than just handle XRP transactions. It can, however, be used with other fiat currencies as well as for cryptocurrencies.

4. Large financial institutions use it:

Ripple can potentially be used as a transaction platform by large businesses. This network is already being used by Santander and Bank of America, proving that it has a higher institutional market penetration than most cryptocurrencies.

Disadvantages of Ripple (XRP)

1. Somehow centralized:

One of the reasons for the popularity of cryptocurrencies is that they are decentralized, shifting power away from huge institutions and governments. Because of its default list of validators, the Ripple system can be relatively centralized, which goes against this idea.

2. Huge pre-mined XRP supply:

While the majority of the Ripple supply not in circulation is held in escrow, it’s possible that large amounts of XRP could be released at inconvenient times, lowering XRP’s value.

3. SEC action against XRP:

The SEC filed a lawsuit against Ripple in December 2020, alleging that the company should have registered XRP as a security because it controls when it is released. The claim has been refuted by the corporation.

Is It Too Late to Buy XRP in 2022?

It’s not too late to buy XRP in 2022, especially if you’re looking to make a long-term investment in crypto assets. The crypto asset world is a volatile place. Throughout the year, every crypto asset will have ups and downs. The same is true for XRP. There may be price changes in XRP during 2022.

Not to mention that the future of XRP or Ripple is currently in doubt, following the filing of a lawsuit with the Securities and Exchange Commission (SEC) and the delisting of a popular cryptocurrency exchange. Even Nevertheless, if XRP can settle this litigation, the price of XRP may have a stronger bull run.

As a result, XRP is an ideal choice for investors looking to diversify their portfolios with cryptocurrencies based on a top-down investment method.


If you’re thinking about investing in Ripple, you should be aware that it comes with a significant level of risk, just like any other currency. Due to the cheap price point, however, it has the potential for a big return with a low barrier to entry.

There are currently no ETFs that track Ripple if you don’t like the idea of a digital wallet or any of these processes. You never know, Ripple might reach the same heights as Bitcoin, and you’ll be thanking yourself in a few years.


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