$XRP is the native cryptocurrency of the XRP Ledger, an open-source, decentralized blockchain developed by Ripple Labs. Designed for fast and low-cost international money transfers, XRP aims to revolutionize the traditional banking system by enabling real-time cross-border payments. Unlike Bitcoin, XRP transactions are confirmed in seconds and consume minimal energy. Financial institutions around the world have partnered with Ripple to use its technology for efficient payment solutions. Despite legal challenges from the SEC, XRP maintains a strong presence in the crypto market. Investors see $XRP as a practical utility coin with long-term potential in the evolving digital finance space.
