$XRP XRP is a digital asset created by Ripple Labs to facilitate fast, low-cost international payments. Unlike many cryptocurrencies, XRP does not rely on traditional mining; instead, it uses a consensus ledger, making transactions efficient and eco-friendly. Ripple's goal is to revolutionize cross-border banking by partnering with financial institutions worldwide. XRP is known for its scalability, handling up to 1,500 transactions per second. Despite ongoing legal challenges with the U.S. SEC over its classification, XRP maintains a strong community and continues to be one of the top cryptocurrencies by market capitalization. Its future hinges on regulatory clarity and adoption.