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#XRP #XRPNEWS #Ripple #btc #Bitcoin
How to trade Ripple? XRP Technical Analysis! Ripple Price Prediction 2022
How To Trade Ripple? XRP Technical Analysis! Ripple Price Prediction (Watch until the end)
XRP is an open source cryptocurrency that runs on the XRP ledger. Anyone can build on the XRP ledger and anyone can spin up an XRP node.
Ripple, on the other hand, is a for-profit Fintech company that is building enterprise level tech for financial institutions. Ripple was involved in the development of the XRP ledger.
Ripple has signed a number of companies that are using Ripplenet. They will then need XRP in order to order to use the network and settle transactions. There have been a number of high profile companies that have joined including Santander, American express etc.
Ripple is also signing a number of other ones which is good for the adoption of XRP among these institutions.
Ripple holds a lot of XRP in escrow which will be released to Ripple on a schedule. Once this has been released Ripple can then decide what they would like to do with this. Most of the time they are selling these on the open market to their clients.
In 2019, Ripple sold over $500m XRP to their clients. The CEO of Ripple has also stated that XRP sales are one of the few reasons that the firm remains profitable. This means that they are more incentivized to do is especially as they are focused on an IPO.
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