Frequently asked questions
XRP is primarily used as a digital asset to facilitate fast and low-cost cross-border payments, aiming to improve efficiency in international financial transactions.
The 1.62% price decrease in the last 24 hours can be attributed to typical market volatility, broader crypto market trends, and sometimes minor shifts in investor sentiment or news developments.
With a market cap of over $135 billion, XRP is considered a major player in the crypto space, indicating strong liquidity and investor interest, which are positive signs for potential investors.
XRP's price is heavily influenced by ongoing legal proceedings, particularly with the SEC, as regulatory outcomes can determine XRP's classification and future in the U.S. market.
XRP has strong use cases and partnerships supporting its long-term potential, but investors should weigh the risks from regulatory uncertainty and market competition before investing.