$XRP XRP is a digital asset built for fast and efficient cross-border payments, developed by Ripple Labs. Technically, it runs on the XRP Ledger (XRPL), which is an open-source, decentralized blockchain known for its high throughput and low fees. Unlike Bitcoin or Ethereum, XRP does not rely on traditional proof-of-work or proof-of-stake mechanisms. Instead, it uses a unique consensus protocol where independent validators agree on transactions every 3–5 seconds.

Key technical points:

Transaction Speed: ~3–5 seconds per transaction.

Scalability: Can handle up to 1,500 transactions per second (TPS), far higher than Bitcoin or Ethereum.

Energy Efficiency: Very low energy consumption compared to proof-of-work blockchains.

Supply: XRP has a fixed supply of 100 billion tokens, with no mining involved. Most of the supply is already created and distributed over time.

From a chart analysis perspective, XRP often shows strong support/resistance levels due to its heavy trading by large investors ("whales"), and it reacts sharply to regulatory news, especially around the SEC lawsuit developments.