$XRP XRP is a digital currency created by Ripple Labs to facilitate fast and low-cost international money transfers. Unlike Bitcoin, XRP uses a consensus algorithm rather than mining, making transactions faster and more energy-efficient. XRP acts as a bridge currency, allowing financial institutions to exchange different fiat currencies quickly and cheaply. RippleNet, Ripple’s network, utilizes XRP for liquidity solutions, especially in cross-border payments. XRP can process up to 1,500 transactions per second and settles in just a few seconds. It has faced legal scrutiny, particularly from the U.S. Securities and Exchange Commission (SEC), but remains one of the top cryptocurrencies by market capitalization. Its future largely depends on regulatory clarity and adoption.