$XRP XRP is the native cryptocurrency of the XRP Ledger, a blockchain focused on facilitating global payments. It aims to provide fast, low-cost transactions, distinguishing itself from traditional banking systems and even some other cryptocurrencies. Unlike Bitcoin, XRP is pre-mined, with a total supply of 100 billion tokens.

Its primary utility lies in serving as a bridge currency for cross-border payments, enabling quicker and cheaper transfers between different fiat currencies. Financial institutions are exploring and adopting XRP for its efficiency in international transactions and liquidity management.

The ongoing legal battle between Ripple Labs (the company associated with XRP) and the SEC has significantly influenced XRP's price and adoption. However, recent developments show a potential end to the lawsuit with a settlement reached, where Ripple will pay a $50 million penalty. This has sparked positive price movement, with XRP currently trading around $2.31 and some analysts predicting a potential rise to $3.