$XRP XRP is a digital asset and cryptocurrency created by Ripple Labs, designed for fast, low-cost cross-border payments. Unlike Bitcoin, XRP uses a consensus ledger, enabling quicker transactions (3-5 seconds) and minimal fees. It serves as a bridge currency for financial institutions, improving liquidity and reducing reliance on traditional banking systems. With a max supply of 100 billion XRP, most is held by Ripple, releasing periodically. Despite legal challenges from the SEC (settled in 2023), XRP remains a top crypto by market cap. Its utility in global finance and partnerships with banks keep it relevant, though adoption and regulation remain key factors for growth.