Tracing the development history of Ripple, the initial version of Ripple actually preceded the birth of the Bitcoin mainnet. Its purpose was to solve the low-cost and rapid transfer of currencies across sovereign currencies around the world through a decentralized system.
During the 2017 bull market cycle, Ripple XRP once surpassed Ethereum and became the world's second largest cryptocurrency. However, in the subsequent market adjustment, Ripple was sued by the SEC for illegal securities issuance by selling cryptocurrency
#XRP .
The long legal disputes have plunged Ripple into a quagmire and missed the big bull market in 20-21 years. Until now,
$BTC has once again ushered in a halving surge, and
$ETH has also followed the rise.
$XRP Still struggling around 0.6. The ranking of the entire network also dropped from second to sixth.