Ripple's Success: Why XRP Held Fast Amidst the Crypto Market Meltdown

Ripple is a settlement system and remittance network originally created by Chris Larsen, Jed McCaleb, and Arthur Britto under the company OpenCoin.

OpenCoin changed its name to Ripple Labs in September 2013, and Arthur Britto left the company early on.

Ripple Labs released XRP in January 2013, creating 100 billion coins.

In the exchange, the company sold 10.5 percent of its stake in Ripple.

Fast forward to 2018, Ripple has gained considerable momentum with a high-caliber lineup of customers, including American Express, Santander, RBC, IndusInd Bank, and many others.

Ripple has substantially more large-scale institutional customers than any other cryptocurrency.

Another boost to Ripple's popularity is the recent enthusiasm of the Ripple community.

Ripple is moving forward, gaining new customer each week, & showing the world how a legit blockchain technology & cryptocurrency can benefit everyone.

There are still ongoing debates in the Twitter community over Ripple Lab's authority over the cryptocurrency, its majority ownership of the Ripple supply, its financial security classification, and its control over upgrades to the Ripple protocol.

This bear market has presented Ripple with an interesting opportunity to jockey for position in the race for institutional acceptance of blockchain technology.