How much will Ripple cost? XRP forecast for 2-10 years

The Ripple cryptocurrency protocol was launched in 2012 to support direct payments between the company's customers without commissions or restrictions. In 2014, the project attracted investments from some of the world's leading banks and payment systems. Ripple native token with XRP encoding was created to simplify financial transactions between service users. A total of about 100 billion coins have been issued, with about 49 billion tokens currently in circulation.

Between 2017 and 2018, after a series of market capitalization setbacks, XRP token quotations saw a significant rise. In mid-2022, the coin ranks 7th in the ranking of cryptocurrencies with the largest market capitalization according to CoinMarketCap service. In August 2022, the capitalization of the Ripple project exceeded the $18.3 billion mark. It should be remembered that the company has been the subject of legal proceedings initiated by the U.S. Securities and Exchange Commission (SEC) staff since December 2020.

The expansion of its customer base and the likely entry of the token into the exchange allows crypto-experts to make positive predictions about the dynamics of the price of XRP in the coming years. In this series of articles, we will look at the coin's prospects, break down the prerequisites for growth in quotes, and share expert predictions for the price of XRP in the short and medium term.

What is Ripple (XRP)?

Ripple is a payment protocol developed using blockchain technology to process international money transfers. The product was created to provide fast and cheap financial transactions around the world. Experts predict that Ripple will revolutionize the transaction process worldwide at some point.

A unique feature of the Ripple blockchain is the ability of the XRP token to move transactions from central databases controlled by financial institutions to more open infrastructure. The token allows financial institutions to loosen controls and simplify transactions between users, with minimal fees. In addition to favorable terms for XRP coin transfers, the token literally "erases borders" between nations, allowing funds to move without third-party involvement.

One of Ripple's businesses is the RippleNet payment service, which allows banks and other financial institutions to transfer funds across borders with minimal costs. The unique business model enabled the project to attract major investors and enter the top global cryptocurrencies with the largest amounts of market capitalization.

In the next article, we will take a closer look at the question of what affects the price of Ripple (XRP).
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