Ripple has been caught up in a high-stakes legal dispute with the US Securities and Exchange Commission (SEC) since last year. But the price movement of XRP is always positive, September 1, 2020, the price of XRP is $0.29222, while the current price, September 1, 2021, is $1.18260. This means XRP has increased over 300%.

If you look at the price history since it first entered the market (2013) XRP may touch the price of $5, especially if XRP does win the SEC lawsuit, I believe the price of XRP will be higher than $50 in the last BTC halving period. The Ripple network works differently from the Bitcoin system. When a transaction is proposed to the network, nodes in the network vote to see if the transaction is valid. If more than 80% agree that the transaction is valid, it will be added to the network. However, nodes are not rewarded for this. Unlike Bitcoin, XRP is not actually an official cryptocurrency. Instead, the coin aims to be a kind of payment protocol owned by one big company, Ripple.

In addition, Ripple which is an altcoin distinguishes itself from Bitcoin in that no new XRP is “mined”. With the creation of the XRP ledger, 100 billion XRP have been created, some of which have already been released. The rest is in Ripple's hands. They have pinned this to the XRP ledger and every month there are 1 billion XRP released for Ripple to spend. This is what makes XRP has its own fans outside of Bitcoin lovers, and in my personal opinion, XRP and STR/XLM are some of the cryptocurrencies that are still relevant to the original purpose of cryptocurrencies, transaction fees that remain cheap and fast.

Although XRP is fundamentally different from Bitcoin and other cryptocurrencies, the value of this currency is also determined by the traders. Just like Bitcoin, the game of supply and demand determines the value of Ripple. With such a large community and fans, XRP may have its own time to experience high increases like Bitcoin, Doge, ETH, and other coins, history has proven that.