Answer:

Both methods are mainly used in Python to iterate the for loop for a fixed number of times. They differ only when we talk about Python versions.

The difference between range and xrange is as follows:

Range() method	Xrange() method
The xrange() method is not supported in Python3 so that the range() method is used for iteration in for loops.	The xrange() method is used only in Python version 2 for the iteration in loops.
The list is returned by this range() method	It only returns the generator object because it doesn’t produce a static list during run time.
It occupies a huge amount of memory as it stores the complete list of iterating numbers in memory.	It occupies less memory because it only stores one number at a time in memory.

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