Ripple is an open-source platform created to provide fast and low-fee transactions. It erases the boundaries of different currencies and enables users to use any valuable asset. The platform takes care of exchanges and looks for the best possible solution. XRP is the network token and a mediator for exchanges.
The idea behind the protocol was conceived way back in 2004, but Ripple officially launched in 2012. Many companies worldwide started using Ripple for transactions. These partnerships led to XRP being the second-largest cryptocurrency on December 29, 2017. It remained at the spot briefly, but its significance is still recognized today.
The all-time highest XRP price is $3.40 on January 7, 2018. While its value has decreased since then, it’s a stable cryptocurrency with notable partners in transactions, security, and technologies behind the scenes.