When comparing Ripple vs Monero, the Slant community recommends Monero for most people. In the question“What are the best cryptocurrencies?” Monero is ranked 1st while Ripple is ranked 3rd.
Ranked in these QuestionsQuestion Ranking
Pros
Pro Currency agnostic
In addition to their own cryptocurrency, XRP, Ripple's network can transfer other cryptocurrencies such as Bitcoin, fiat currencies, gold, IOUs, frequent flyer miles and so on.
Pro Real-time international money transfers
Transactions are confirmed in seconds, not minutes.
Pro No mining required
XRP's cap of 100B units has already been generated.
Pro More transparent than banks
Not as good as BTC or literally any decentralized coin/token. But, you gotta hand it to them.
Pro Scalable
Can handle thousands of transactions per second.
Pro Fast
3 to 5 latency.
Pro Huge partnerships
MoneyGram, Bank of America, American Express, Central Banks, etc
Pro Allows issuing debt via IOUs
Pro Can pay directly to Bitcoin users
Pro Private by default
Pro Anonymous
Anonymous. More info here.
Pro Fungible
Pro Supports .onion nodes
Pro Decentralized
Pro No Pre-Mine or founders fee
Cons
Con Not Decentralized
It is very centralized, worst than even most banks.
Con The network is proprietary
Con Iffy marketing strategy
Con Concerns of it being a scam
Con 3 people own 20% of all of XRP
Con Traceable
Not anonymous, transactions can easily be tracked.
Con Can be sometimes slow
GUI client does not allow setting higher fees.