$XRP XRP is a digital currency created by Ripple Labs to facilitate fast, low-cost international money transfers. Unlike many cryptocurrencies, XRP doesn’t rely on traditional mining; instead, it uses a consensus ledger for faster transactions and lower fees. It's designed for use by financial institutions and payment providers, aiming to replace the outdated SWIFT system. XRP has faced legal challenges, particularly with the U.S. SEC, which impacted its price and adoption. Despite this, it remains one of the top cryptocurrencies due to its strong utility and partnerships. XRP's future depends on regulatory clarity and continued adoption in the global finance space.