$XRP XRP is a digital currency created by Ripple Labs aimed at facilitating international financial transfers between banks at high speed and low cost. Unlike Bitcoin and Ethereum, XRP does not rely on mining; it is pre-issued, making it more energy-efficient. It is used in the RippleNet network that connects banks and financial institutions around the world, making it an attractive option for large institutions. XRP features transaction confirmation speeds of no more than 3-5 seconds. Despite legal challenges with the U.S. SEC, XRP remains one of the top ten cryptocurrencies by market capitalization and has a strong user base.