XRP Falls One Percent: Significant Change?

The last trading day was not successful for the XRP crypto as it loses 1%. The token started to decrease from $1.06, with the peak at 1.13, to $1.03 for the last 24-hours. Furthermore, XRP’s Market Cap Rank is #6 along with the Trading Volume $4,023,590,062. Moreover, Market Cap is equal to $50,253,750,649 and 24 Hour Trading Vol $4,023,590,062. Moreover, Circulating Supply is making up 46,585,282,244 with a Total Supply of 100,000,000,000.

To begin with, it’s important to understand the difference between XRP, Ripple, and RippleNet. XRP is the currency that runs on a digital payment platform called RippleNet, which is on top of a distributed ledger database called XRP Ledger. While RippleNet is run by a company called Ripple, the XRP Ledger is open-source and is not based on blockchain, but rather the previously mentioned distributed ledger database. XRP was created by Ripple to be a speedy, less costly, and more scalable alternative to both other digital assets and existing monetary payment platforms like SWIFT.