Besides being a cryptocurrency, Ripple is also an open-source platform created to provide fast and low-fee
transactions. It erases the boundaries of different currencies and enables users to use any valuable asset. The
platform takes care of exchanges and looks for the best possible solution. XRP is the network token and a
mediator for exchanges.
The idea behind the protocol was conceived way back in 2004, but Ripple officially launched in 2012. Many
companies worldwide started using Ripple for transactions. These partnerships led to XRP being the
second-largest cryptocurrency on December 29, 2017. It remained at the spot briefly, but its significance is
still recognized today.
The all-time highest XRP price is $3.40 on January 7, 2018. While its value has decreased since then, it’s a
stable cryptocurrency with notable partners in transactions, security, and technologies behind the scenes.