Ripple ( #XRP ) is a cryptocurrency payment system, and XRP is its digital asset, created for global payments, implying that Ripple plans to compete with money transfers usually carried out by the traditional banking system. Ranked ~7th on SMS 🔖

⚫️ Founders and developers of the project 👤 :

- Chris Larsen - previously founded the E-Loan website, which quickly became a leader in the US lending market, and later founded Prosper Marketplace.

- Jed McCaleb - founders of Ripple, but later he left the project and founded Stellar.

- Ryan Fugger - created the XRP Ledger in 2012, an open-source cryptographic ledger powered by a peer-to-peer network of nodes. His work was used to create Ripple.

⚫️ Market indicators 📊 : good!

- Capitalization: ~$34 B, upward dynamics.

- 24h trading volume: ~$2.8 V

⚫ Market launch date: August 2013.

⚫ Revolving Supply: ~56%

⚫️ Documentation and development ⚙️ :

- WhitePaper / documentation - present, everything is described in sufficient detail.

- RoadMap - information on updates for 2024 is available.

- GitHub - 83 repositories have been created, moderate development is visible.

⚫️ Price dynamics 📈 : long-term ascending, but since 2017 the highs have never been updated.

⚫️ Additional disadvantages ❗️ :

- Previously, there were lengthy legal battles with the SEC, which prevented the full growth and development of the project.

- Centralization certainly carries risks, although it provides some illusion of security.

- A kind of stablecoin, if you bought XRP 6 years ago, now you have the same amount of $ in your hands.

✔ Ripple has proven that XRP is not a security. Therefore, in the coming years we can see a systematic growth and development, which has not happened in the last few years. As a long-term investment with the preservation of funds, $XRP is great. But as a good source of profit - no.