The XRPUSD pair shows the Ripple/US dollar rate. XRP is the internal digital coin of RippleNet, a platform based on the common shared XRP Ledger.
The platform's main feature is payment gateway technology which accepts deposits and assets from users and issues XRP tokens to a distributed ledger in return. The gateway can be either an individual or a financial institution. Therefore, the system is very popular among banks. Since 2017, Ripple has been cooperating with several major banks in the UAE and Japan, which use the platform to transfer assets.
RippleNet also uses distributed ledger technology. Thanks to this technology, the transaction is confirmed not by a centralized authority but directly by both parties. This allows traders to make fast transactions with XRP. The average payment processing speed is 3-5 seconds, which also helps to reduce the commission level. In addition, the platform enables users to trade any available assets, not just XRP tokens.
Ripple has a total supply of 100 billion coins, of which almost 60 billion belong to the company. The remaining tokens were distributed during the ICO. However, users cannot mine them. Coins can only be bought or received for participating in the company's projects. With each transaction, part of the XRP tokens "burns out", increasing the remaining coins' value over time.
Analysts predict further growth and strengthening of the XRP cryptocurrency due to future projects of the platform and increased interest from financial institutions.
Risk warning: Trading in FX and CFDs entails high risk of losing capital.


