$XRP XRP is a digital currency created by Ripple Labs to facilitate fast, low-cost international money transfers. Unlike Bitcoin, XRP doesn’t rely on energy-intensive mining; instead, it uses a unique consensus algorithm that enables transactions to settle in seconds. Ripple’s goal is to partner with banks and financial institutions, offering a bridge currency for cross-border payments and reducing reliance on traditional systems like SWIFT. XRP has a fixed supply of 100 billion tokens, with a large portion held by Ripple, which has sparked debates about centralization. It’s also been at the center of a legal battle with the U.S. SEC over whether it should be classified as a security—though recent rulings have provided clarity in Ripple’s favor. Despite volatility, XRP remains one of the top cryptocurrencies by market cap, and it continues to play a major role in blockchain-based finance.