With Bitcoin hitting new records, some investors wonder if XRP (CRYPTO: XRP) could be the next big winner. Is now the time to bet on XRP's comeback--or is the millionaire-maker story mostly hype?

Let's start with the basics. XRP is a legitimate digital asset with real, tangible use cases. It enjoys relatively widespread adoption from both retail traders and institutional investors. That alone makes XRP stand out; the crypto market is, unfortunately, chock-full of tokens that range from frivolous to fraudulent. XRP is neither.

Ripple Labs -- the private company that created XRP and offers products that make use of it -- has partnerships with major financial institutions like Bank of America and JPMorgan Chase. It's clear that the technology works and is secure; institutions such as these would not touch it if it were otherwise.

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Source Fool.com