XRP, which is issued by Ripple Labs, is a cryptocurrency designed to provide fast and low-cost cross-border transaction solutions for global payment systems. Unlike Bitcoin, XRP uses a consensus mechanism instead of proof of work, making its transaction speed faster and energy consumption lower. RippleNet is Ripple's payment network, with XRP serving as a bridge currency to help financial institutions achieve instant clearing and settlement. Although XRP holds an important position in the cryptocurrency market, its legal disputes with the U.S. SEC have caused market fluctuations. As the case progresses, the future development of XRP is closely watched. XRP, which is issued by Ripple Labs, is a cryptocurrency designed to provide fast and low-cost cross-border transaction solutions for global payment systems. Unlike Bitcoin, XRP uses a consensus mechanism instead of proof of work, making its transaction speed faster and energy consumption lower. RippleNet is Ripple's payment network, with XRP serving as a bridge currency to help financial institutions achieve instant clearing and settlement. Although XRP holds an important position in the cryptocurrency market, its legal disputes with the U.S. SEC have caused market fluctuations. As the case progresses, the future development of XRP is closely watched.