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In January 2014, the ripple was $0.022, and as of August 2017, the price has risen to $0.155. It shows a steady progress but on a snail movement. Cryptocurrency analysts have predicted that the price to skyrocket in the coming months and their prediction was based on the developmental stride the ripple team has made in the last couple of months.
Enter XRP. The Ripple token (XRP) is a digital asset that is used on the network as a transaction fee. The cost of these transactions is approximately 0.00001 XRP. Once this has been paid, these are destroyed by the network in order to create a cost and prevent any transaction spamming of the ledger.