Ripple’s XRP saw its value soar parabolically to an all-time high of almost $ 3.5. This happened during the massive bull run of 2017. Since then the token has lost 92% of its value.
Even after the drastic depreciation in value, XRP is the 3rd largest cryptocurrency by market cap. Currently there are around 43 billion coins in circulation.
According to Ripple’s policies, there will only be 100 billion XRP ever. All XRP tokens are meant to supplement payments and business transactions on the RippleNet.
It makes sense for you as a potential XRP buyer to know that the coin’s existence is independent of RippleNet. The technology’s potential is promising with respect to redefining monetary settlements between banks, payment processing companies, and other financial institutions.
Because of it’s market ranking and dirt cheap price, Ripple’s token still continues to generate a lot of buying interest. All the more, as people find it difficult to buy Bitcoin (or say one whole BTC) due to its exponential rise in value over the years.
Choosing the Correct Crypto Exchange
Probably the easiest way to get some XRP is from a well-established cryptocurrency exchange operating in your country.
Any crypto exchange, small or large will surely have XRP listed for buying and selling.
While locking onto a particular exchange, some preliminary research needs to be done. Cryptocurrencies by their very nature are assets that come with high risk and equally high rewards. Consequently, the fledgling space also attracts a lot of fraudsters. So, it is mandatory to do your due diligence before picking a platform to buy XRP.
Crypto exchanges need to have well-established headquarters a genuine team (probably with a good Twitter,