Hello, I am a novice author, so I ask you to be understanding.

XRP was created in 2005 by Jed McCaleb and Arthur Britto. They created this coin with the idea of implementing a financial service that could become an alternative to the conventional means of payment at that time.

By 2024, #XRP - a stable currency and has a chance to become the best-selling currency. XRP has surged into the top 3 most capitalized cryptocurrencies alongside Bitcoin and Ethereum.

It's worth discussing the pros and cons of this currency, as every currency has its drawbacks.

Pros

  1. Low fees (Transactions using XRP cost fractions of a cent)

  2. High transaction speed

  3. Environmental friendliness (XRP does not require mining)

  4. Stability

  5. Inflation resistance

Cons

  1. Legal disputes with the SEC

  2. Centralization

  3. Limited investor control

  4. Has a significant dependency on the Ripple company

  5. Volatility

Despite its cons, XRP remains a leader and has every chance to surpass and become number one.

I believe that by 2024 XRP will be a stable currency and it is reliable and does not carry as many risks as other cryptocurrencies.

Thank you all for your attention, I hope my article was interesting to you and you learned something new.