Ripple: How XRP is moving beyond legal woes to benefit investors
Ripple (XRP) has been the subject of litigation for years, and only recently has it looked like an end might be in sight. Despite the ongoing legal battle, activities on the Ripple XRPL have not stopped. Various features are also being developed to give XRP more utility.
How many are 1,10,100 XRPs worth today
A recent post by Messari provided an in-depth analysis of the Ripple XRPL ecosystem while defining the value of XRP. Ripple’s XRPL currency exchange feature is one of its most popular uses since it has become the backbone of the platform’s commerce.
As a result of this feature, XRP may be traded for other cryptocurrencies and even fiat currency with minimal effort and time spent by the user.
Moreover, NFT capability has been added to the XRPL, and DEXs are currently being built on it. XRP’s utility and potential applications have been expanded through these moves.
There has been a recent uptick in XRPL transactions, as reported by XRPscan. According to the XRP Ledger measurements, the number of transactions processed on the ledger has surpassed 2 million for the first time in over a year.
Source: xrpscan
With the approval of its EVM testnet, which enables the creation of smart contracts and decentralized apps on the XRPL, Ripple recently garnered news. The EVM testnet was validated by RippleX, the company’s developer-focused project, expanding the potential for XRP.
According to its volume and active addresses analytics on Santiment, XRP has seen extremely high activity. The volume was over 4 billion as of the time of this writing. The volume has also increased significantly, reaching its greatest level in over four months.
Source: Santiment
Recently, there have also been considerable rises in the seven-day active
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