Ripple (XRP) Crypto Review 2023: A TOK Comprehensive Guide

€ 0.4919

Market Cap
€ 21,881,883,678.07
$ 22,913,567,033.77
Fully Diluted Market Cap
€ 48,193,705,125.97
$ 50,465,933,795.1
€ 315,175,463.24
$ 330,035,302.74
Circulating Supply
45.40B XRP

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Last updated at 21:15:10 UTC

Ripple is one of the most prominent cryptos right now. Yet, you may wonder if it is worth the hype. In this tokize review of XRP, we shall provide all the information you need.

Ripple crypto
  • Low fees
  • One of the largest crypto exchanges
  • Fee discount for using native BNB

What is Ripple (XRP)?

Ripple crypto is a payment platform launched by the company creating the crypto and a digital currency (XRP). The company in question is Ripple Labs. The payment platform, RippleNet, assists with processing transactions denoted by great speed and an optimal level of security.  It works hand-in-hand with banks and several players in the financial sector to remove cost and delay issues. The Ripple crypto then acts as the currency, enabling transactions to be implemented on the platform.

You can expect a functional Ripple blockchain based on the digital infrastructure at play. However, that could be far from the truth, as what you could infer from a blockchain is unlike that of Bitcoin (BTC) or other cryptos you may have encountered in our reviews. 
The XRP crypto is a public ledger operating under the Ripple Ledger Consensus (RPCA) protocol. RPCA notably increases the speed of transaction validation. It does not require a process as sophisticated as proof-of-work/ POW (proof of work) or proof-of-stake/ POS (proof of stake).

Projet Ripple

The History of Ripple

Ripple’s creation dates back to 2012 through Chris Larsen and Jed McCaleb- who are Ripple’s founders – and who aimed to revolutionize international payment systems via Ripple Labs. Although they had been working towards the objective of a solid alternative to SWIFT – Society for Worldwide Interbank Financial Telecommunication – and other standard funds transfer systems since 2004, it didn’t take them until eight years later, in 2012, to launch the Ripple Transaction Protocol (RTXP) and the Ripple crypto (XRP).

Due to the efficiency of its technology, Ripple Labs has had many investors and financial institutions at its beck and call. As of 2017, Ripple crypto became the third cryptocurrency in capitalization, just behind Bitcoin (BTC) and Ether (ETH). This meteoric growth naturally caught the attention of the American authorities, who wasted no time in their responses.

The Securities Exchange Commission (SEC) is taking legal action against Ripple Labs for violating regulations. No matter if the company comes out of the court case unscathed, the price of XRP has been affected. Yet, the development of Ripple (XRP) has continued. The evolution of the XRP crypto has lingered, primarily due to signing partnerships with large banks and international financial institutions, such as the National Bank of Egypt, the Spanish bank BBVA, Cambridge Global Payments, etc.).

Why was Ripple (XRP) Designed?

The Ripple crypto (XRP) was created to provide a different method from the traditional one to transfer money. Why? Conventional payment systems that were used internationally have deficiencies that make them unproductive at times, arguably owing to a lack of adaptation to the real needs of users. Also, absurdly long processing times and high fees necessitated this switch. Through XRP crypto and associated technology influenced by blockchain, Jed McCaleb and Chris Larsen want to facilitate international transactions and lessen costs and security flaws.

Players and institutions in the financial sector, insurance companies, and even banks must be capable of exchanging currencies more effortlessly. Physical distance should not necessarily lead to delays of several days to conclude a transfer. The existence of a global payment network simply leads to instantaneous execution of transactions. The launch of RippleNet and Ripple (XRP) aims to bring these visions to fruition.
For Chris L. and Jed M., it is crucial to connect all stakeholders in financial systems to simplify operations. The existence of the RippleNet platform and the native crypto Ripple (XRP) helps initiate this connection. The XRP crypto offers a single channel to make transfers function superbly.

Logo XRP

How Does Ripple Work?

Similar to most cryptocurrencies, decentralization, and security are at the heart of Ripple’s (XRP) technology. Nonetheless, as mentioned earlier, the principles of conducting transactions vary from those of other blockchains. For its operation, 

Ripple utilizes a distinctive protocol, RPCA. For this protocol, transaction validation does not adhere to proof of stake or proof of work verified by validators. 

The Ripple ledger consensus rather comprises of validation of transactions by a network of servers. These servers function as validation nodes. Regardless, unlike standard blockchains on which validators must interfere, the process takes place automatically. 

At each validation node, there is a particular version of the transaction register. By comparing the separate versions, the servers receive a consensus and decide in a few seconds the accurate version to use. Compared to PoW or PoS, this protocol is quicker and less energy-intensive. 

The operation of the Ripple platform cannot be envisaged without the Ripple crypto (XRP). The XRP token functions as a connecting bridge between most fiat currencies used in the markets. For their cross-border transactions, institutions and other financial sector participants simply serve XRP via RippleNet. Transfers would then be faster, following an accelerated procedure of converting source fiat currency > XRP tokens > target fiat currency.
This process also contributes to reducing transaction costs. The role of XRP is thus fixed, and the possible costs linked to conversions are eliminated.

Where to Buy Ripple (XRP)?

The purchase of XRP is carried out via different crypto platforms, the nature of which varies depending on the services offered. You can obtain Ripple tokens (XRP) on marketplaces. The latter specializes in the sale of cryptos, which they hold in storage in their wallets. You can acquire Ripple (XRP) on crypto exchanges, which not only allow you to buy stored XRP coins but also convert other cryptos to XRP. 

Finally, you can also buy XRP on trading platforms. On the latter, however, purchasing Ripple (XRP) merely enables you to conclude CFDs (contracts for difference) on Ripple. It is then a matter of having exposure to XRP. You obtain profits or capital losses based on market fluctuations.

We have compiled 3 platforms on which you can buy Ripple (XRP).


Founded by Changpeng Zhao, also known as “CZ,” the Binance platform is undoubtedly the world leader in the crypto exchange sector. Offering more than 300 cryptos, including XRP, it provides its users the prospect of trading multiple pairs. You, therefore, willingly decide to buy your XRP by bank card or to trade BTC/XRP, SOL/XRP, SHI/XRP, etc. Binance gets its reputation from the user-friendliness of its interface and the variety of trading tools.

Check out the Binance review.

  • Low fees
  • One of the largest crypto exchanges
  • Fee discount for using native BNB


Coinbase is also very popular in the crypto ecosystem and has especially taken the time to establish its presence in the United States. An American company, it started out there and, for a prolonged time, offered its services only to Americans before gradually expanding to other countries. Coinbase is one of the exchanges that popularized the purchase of cryptos such as Ripple (XRP) with fiat currencies. The payment methods provided there include credit cards, bank transfers, etc. You can buy and store your cryptos on Coinbase.

Check out the Coinbase review.


The Kraken platform has grown in popularity due to the exceptional level of security assured there. Although attacks against participants in the crypto sector are rising, Kraken remains one of the least affected entities. You can also buy Ripple (XRP) on Kraken or trade it in pairs with other cryptos. The platform integrates advanced trading features.

Check out the Kraken review.

  • Great customer support
  • Secure exchange
  • Lower fees with Kraken Pro

Of all these three platforms, Binance, without a doubt, portrays the one that could be touted as the best exchange for buying XRP. In addition to being present in most countries, the platform delivers optimal ergonomics, as well as multiple tools for trading XRP on CFDs or futures.

Acheter Ripple

Is Buying Ripple (XRP) in 2023 a Good Investment?

Investments in cryptocurrencies (see prices) always depict exceptional avenues for an investor to explore. However, we firmly urge careful analysis before making a decision. Don’t get carried away by FOMO (fear of missing out) to the extent of rushing. To make your decision, depend in particular on the reputation of the crypto and the confidence the market places in it. These are certainly the factors that make Ripple (XRP) a crypto worth investing in 2023.

The use of RippleNet by financial institutions to fulfill their transaction acceleration necessities conveys a substantial debate for the adoption of XRP. Also, take into consideration the price variation. Ripple’s (XRP) all-time high price occurred in January 2018 at $3.021. 

After a long fall of several months, XRP recorded a new high at $1.84 in April 2021. The asset saw its value drop again afterward. In April 2023, 1 XRP traded around $0.5. Finding itself at only 14% of its highest value, Ripple seems to be in a profitable period for buying. In periods of sustained decrease in Ripple’s value, an imminent rebound remains possible at any time. 

Ripple’s price in USD is currently $0.5. By buying and storing XRP, you can, thus, anticipate yields in the short or medium term for Ripple’s value. So, is Ripple a good investment? What does Ripple’s future seem like? Let us consider the pros and cons of XRP.

What we like

Rising adoption and collaborations with companies around the world.

RippleNet platform with high utility, ensuring a particular growth potential for Ripple (XRP).

The price, which has been plunging for several years, indicates an increase in the coming months.

What we don’t like

Ripple technology functions in a very competitive industry.

The negative impact of the actions of American regulatory authorities cannot be ignored.

XRP logo

Our Final Opinion on Ripple

The Ripple (XRP) project is ingenious. It brings technologies of significant interest to the financial sector. Among other things, the technology launched by Ripple Labs contributes to the acceleration and improved security of financial transactions. Launched in 2012, the XRP crypto is also a pioneer in its own way. It is one of the first cryptos launched on the market. Its continued existence on the market since then constitutes a key mark of reliability.

However, many other cryptos have now provided solutions similar to that of Ripple. The fact that XRP has never really seen a real takeoff may make some investors hesitant. So, should you invest in XRP? Our Ripple prediction is it could be a good investment! Many factors allow us to envisage a positive future for Ripple (XRP). However, proceed with caution and only take risks you can bear.

FAQs on the Evolution of Ripple (XRP)

Will Ripple go up?

While it is in an intense decline, there are possibilities that XRP will advance in the short to medium term. But the crypto market remains uncertain, and nothing is assured.

Will Ripple recover?

Since the 2022 market crash that saw Ripple lose about 70% of its value, there have been efforts to make it regain its former standing. However, with the fluctuating market, it is difficult to suggest if a particular crypto can recover.

Why buy Ripple?

For example, you can buy XRP to HODL and sell higher thereafter. It is also likely you can buy Ripple to trade XRP/BTC, XRP/ETH, etc.

Can I sell my XRP?

It all depends on the platform you use! In any case, the Ripple protocol does not validate the sale if you hold less than 20 XRP.

Can I earn with XRP?

With Ripple staking, you can earn passive income (rewards) on XRP that you would normally save.

What is the goal of the Ripple project?

The Ripple project seeks to provide an ecosystem to make international money transfers easier and faster.

How long has Ripple (XRP) existed?

Launched in 2012, Ripple crypto is one of the oldest crypto projects.

Is Ripple a secure crypto?

The RippleNet platform, from which XRP comes, regularly revamps its security systems. The actions taken by the SEC (American authority) have notably compelled the founders to optimize their standards. However, the utmost security of your cryptos depends on the platform you buy/store them on. Therefore, select this one carefully.

About the author

Tobi Amure

Tobi began his career in 2017 as a crypto writer, where he focused on producing educational content. He worked with Stockbossup, an investment platform dedicated to educating black people. Prior to that, he worked as a copywriter with Turboxbt, a crypto trading platform. In 2021, Tobi joined Watcher Guru as a crypto news editor. He was recognized as one of the top 333 web3 creators on LinkedIn for crypto in 2022.