There are some critics who call Ripple centralized as the majority of the Ripple coins are held by the company. Though the company is trying to disburse its coins through business partnerships and other charitable initiatives, it is going to take decades before Ripple will own a minority stake of its coin.
A wallet is needed to manage, send, and receive the cryptos. There are mobile wallets, software wallets, and hardware wallets to keep your Ripple safe. Mobile wallets can be downloaded from the app store. Software wallets like Exodus and Toast can be accessed through a computer. Hardware wallets are the safest because access to the coins is encrypted.
The future price of Ripple will depend on the banks whether they will adopt it in lieu of their current infrastructure. Ripple helps in transferring payments through the Ripple network. However, its success in the future depends on its adoption.