XRP is not a meme coin but a real payments infrastructure token created by Ripple Labs to solve cross-border payment problems. It settles transactions in 3-5 seconds with low fees, used by banks and financial institutions through RippleNet. The XRP Ledger is decentralized and open-source, making it energy-efficient and faster.
The recent discussion about an XRP exchange-traded fund (ETF) has sparked interest among investors. However, approval isn’t guaranteed. A federal court ruling in 2022 declared XRP not a security, increasing its legitimacy and reducing fears among exchanges and institutions.
XRP’s key strengths include speed, low fees, finality, real-world use case, and stability. Its supply is fixed at 100 billion tokens, with no mining or inflation. Ripple is building CBDC infrastructure, and many countries are exploring its technology for Central Bank Digital Currencies.
The hype around XRP during market rotations can be attributed to its real utility, strong narrative, historical explosive moves, large community, and speculation about institutional adoption. However, the fundamentals are more important than marketing.
Understanding XRP’s utility, speed, and use cases is crucial before buying. The project’s foundation is built on real-world problems, not hype. By focusing on the fundamentals, investors can make informed decisions and ride the wave of XRP’s potential growth.
Source: https://www.binance.com/en/square/post/32880839813402