$XRP is so strong! It is so strong that people have to admit it.
XRP has been sideways for three years, but it has soared 7 times in three months. It is telling the world that a large market value can also go up! Old leeks should be familiar with XRP, the old sickle, right? Back then, Justin Sun was the head of Ripple in Greater China. He came to harvest a wave every four years.
Newcomers to the currency circle may not know what XRP is and why it can rise so fast. In fact, XRP is a native digital asset on the XRP ledger created in 2012. It was born for payment from the beginning. Its settlement time is super fast, only 3-5 seconds, while at that time, international transfers using SWIFT took 3-5 working days. So XRP is the first project to land in the cryptocurrency industry, which is quite advanced.
Back then, the market value of XRP was as high as 238 billion US dollars, leaving Bitcoin behind and sitting on the top of the cryptocurrency! At that time, it could be said that it was simply an invincible king. Unfortunately, it was investigated by the SEC and suffered a bit. But after so many years, XRP's market value is still firmly in the top ten. Although it has no ecosystem, it still plays a role in the banking system. After all, enterprise-level system stability is king.
There are several reasons for this wave of rise. First of all, it is the wind blowing from North America. Howard, the Secretary of Commerce during the Trump period, and members of the SEC are all supporters of cryptocurrencies. They advocate the priority of the US dollar, especially stablecoins and global payments denominated in US dollars. Secondly, with the support of the financiers, XRP's penetration in the global banking industry and foreign trade settlement is getting stronger and stronger. Existing currencies can't do this, but only XRP can.
XRP is a strong currency with strong back-trend compliance and 2B. Now its market value has exceeded 140 billion US dollars. Although it can't sit on the throne it once was, it is still possible to step on $ETH .