Last year was not exactly a good year for Ripple (XRP), so you must be wondering how the future of one of the popular cryptocurrencies will look like. The initial price for the coin was $0.35, and today it is $0.46, unlike in 2019 when the price dropped to $0.20. So when is the right time to purchase this coin?


First things first, let’s define what Ripple is. There is a difference between Ripple and XRP. Ripple is a company that builds a real-time payment, transfer, and exchange network on top of the XRP ledger. Ripple saw the light for the first time in 2004, the year Ryan Fugger outlined the prototype of the disintegrated payment system called RipplePay. A year later, the system’s main aim was to provide solid payment solutions within an international network. 

In 2012 Chris Larsen and Jed McCaleb took control of the company and redesigned the company’s brand to OpenCoin. From that time, the business’s main focus became protocol development to ensure payment solutions for banks and other institutions. Three years later, the company appeared under the name Ripple. Ripple is a substitute for the Swift system.  

After defining what Ripple is, let’s talk about XRP. XRP is a token of Ripple used for moving funds across the globe. The company has released 100 billion XRP coins. XRP tokens are fully independent of the Ripple network. Initially, XRP was meant to be a token that evens financial translations rather than an investment. 



The protocol of XRP is guided by xRapid, which enables more efficient transactions in comparison to the competitors’. Ripple’s stable protocol makes it a highly scalable product. Its transaction speed is 1500 TPS, which is much faster than Ethereum or Bitcoin. Unlike Bitcoin, which was created by an anonymous person or a group of people, there is a company that is behind XRP. Large banks and payment systems trust Ripple and its technology to execute cross-border transactions. The coin’s overall performance is affected by the growing confidence in Ripple’s services. 

You can invest money in Ripple’s token, even though it isn’t meant to be an investment vehicle. Small and middle-size investors can afford to invest in XRP, as the coin’s price is quite low for now. Another important criterion is the coin’s market capitalization. In comparison to other cryptocurrencies, Ripple is less volatile, which results in more stable investments even on the bad days of trading digital assets.



Ripple has been on the market for a while now. However, the adoption of the coin is quite slow. There is a limited number of companies testing the services of Ripple. It goes without saying that XRP would substantially benefit if financial institutions start conducting transactions in XRP. To make it more likely, it is necessary to improve the infrastructure and technology for a wider acceptance. 


XRP 2021 forecast.

Ripple’s aim has always been a creation of a payment system that is used by banks to facilitate domestic and international payments. There are several financial institutions that trust Ripple, among them JP Morgan and the large money transfer company Money Gram. In August, it was known that the biggest bank in India, HDFC bank, had joined the list of Ripple’s partners. Also, the Bank of America had become one of Ripple’s clients. Next year Ripple is expected to be an alternative to SWIFT, the DLT technology that Ripple operates addresses five main issues: risk management, cost, traceability, speed, security, and transparency. If financial institutions replace SWIFT with XRP, the transactions will become more efficient. Later this year, in September, it was announced that European Commission was ready to start working on a new framework that would involve digital finance.