The high volatility of crypto rates is explained by the fact that no one controls crypto emission and price. Central banks and governments do not control crypto emissions like they do with traditional coins. So what do the crypto rates depend on? Here are some factors

• emission of cryptocurrency (limited or unlimited);
• demand and supply ratio;
• competition;
• global economy, inflation;
• news.

We would like to talk about Ripple XRP – one of the top-traded crypto assets in the market.

What is Ripple?

The Ripple platform was developed by the Ripple Labs company that existed long before the world first heard about Bitcoin. That financial company focused on providing payment services and systems for financial establishments such as banks and businesses. Using the XRP crypto asset, the company started to provide speedy and cheap currency transfers worldwide, drawing the attention of over 200 financial establishments that implemented the Ripple technology into their business processes. 

XRP can be used for trading and buying goods and services. As of late November 2022, the Ripple cryptocurrency price is $0.35. All the XRP tokens were issued on the day of their release, totalling one million tokens. The XRP price does not vary largely, even with the sharpest market movements. The reason is that many large investors have bought the asset and held it waiting for market growth.

On the other hand, the ripple crypto price does not grow either. The reason is the lawsuit imposed by the SEC that lasts for a couple of years. The commission requires Ripple Labs to claim that XRP is a security, and the company claims the opposite. 

The platform already got a widespread application, and there could be even more real-sector companies using this technology. However, legal proceedings do not allow it, so the Ripple platform slowed down the development.

The Ripple Crypto Price Forecast

There is no doubt that the Ripple platform will grow and expand the application scope as soon as the issues with the SEC are resolved. Experts believe the XRP price could reach $1,37 by 2025. It is a good idea to buy some XRP coins and hold them long-term. You can do it in any large crypto platform; for example, WhiteBIT offers secure investments and convenient tools for trading, so if you are interested, visit the official website of WhiteBIT and read more about how it works.