$XRP Ripple (XRP) is one of the most well-known cryptocurrencies, distinguished by its unique approach to processing payments and interacting with traditional financial institutions. Created in 2012, this cryptocurrency aims to improve the speed and efficiency of international money transfers. Its main product, RippleNet, allows banks and payment systems to make instant and low-cost transfers worldwide, bypassing traditional SWIFT and SEPA systems.

Despite significant technical achievements, XRP faces a number of legal and regulatory challenges. One of the main issues remains the status of the cryptocurrency as a security, which raises disputes among regulators and investors. In December 2020, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple Labs, accusing the company of conducting an unregistered securities offering. This case had a significant impact on the XRP market, causing a price drop and reduced trust from some major players.