$XRP XRP is the native cryptocurrency of Ripple, a company that aims to facilitate international money transfers quickly and cost-effectively. The main proposal of Ripple is to offer an alternative to the traditional banking system, allowing financial institutions to conduct transactions in real-time, with much lower fees than those offered by conventional methods.

One interesting characteristic of XRP is that it is not mined like other cryptocurrencies; instead, all 100 billion XRP were pre-mined and Ripple Labs controls a significant portion of that supply. This allows for more centralized control compared to other cryptocurrencies.

XRP has also been frequently associated with discussions about regulation in the cryptocurrency space, especially due to the legal proceedings between Ripple and the U.S. Securities and Exchange Commission (SEC). This case has generated a lot of attention in the market and could impact the future of XRP and the industry as a whole.