$XRP XRP is a digital asset developed by Ripple Labs to enable fast, low-cost international money transfers. Unlike many cryptocurrencies, XRP doesn’t rely on mining; instead, it uses a consensus protocol, making transactions faster and more energy-efficient. Its primary use case is to act as a bridge currency in Ripple’s payment network, allowing banks and financial institutions to settle cross-border payments in real-time. XRP has faced legal challenges, particularly from the U.S. SEC, but continues to maintain a strong position in the crypto market. Its utility-driven model sets it apart from speculative coins, appealing to enterprise-level adoption.