XRP is a cryptocurrency that was launched in 2012 by Chris Larsen, Jed McCaleb, and Arthur Britto with the intent of creating a decentralized monetary system featuring a real-time gross settlement system, currency exchange, and remittance network. The maximum supply of XRP is 100 billion coins, which were all created at launch, meaning that it is not possible to produce additional XRP tokens. 80% of the total XRP supply was given to fintech firm OpenCoin, a company that was later renamed to Ripple Labs in 2013 and further rebranded to Ripple in 2015. Ripple still holds more than half of the total XRP supply, although a large portion of the company’s XRP holdings is locked in escrow and can only be accessed periodically. Get more coin for your coin The lawsuit rocked Ripple. The value of XRP dropped dramatically. Coinbase, a major crypto exchange, suspended trading in XRP.
Now, the question is how high can XRP/USD price go in one month? If we closely analyze then we will find that the technical analysis is the forecasting of projected economic price changes based on an analysis of past price changes. It is always important to remember that technical analysis does not end in certain forecasts about the future. Alternatively, a technical summary can help everyone predict what is “expected” to appear to prices over time. Technical analysis uses a wide variety of charts that show price over time. Other Crypto Currencies Just keep in mind that the XRP price is quite volatile, just like many other currencies in the crypto market. Why? Essentially, when the market fluctuates due to various external or internal factors, the XRP price, alongside the prices of other assets, fluctuates as well.