3 Reasons XRP Enthusiasts Should Still Be Cautious
XRP (CRYPTO: XRP) is a cryptocurrency that was launched by Ripple Labs in 2012. Its main purpose is to enable low-cost international money transfers, particularly for banks and financial institutions. It uses XRP as a bridge currency, which essentially means that two parties can exchange different currencies by putting their funds into XRP.
It has gained over 420% in the last year, spurred by an end to its long-running court case and optimism about changing political attitudes toward crypto.
XRP enthusiasts think this is only the beginning. Free from the shackles of legal battles, they think the token can go to the moon. Indeed, analysts at Standard Chartered predict it could soar another 300% or more before 2028.
Source Fool.com
