$XRP $XRP is the native cryptocurrency of the XRP Ledger, an open-source, decentralized blockchain designed for fast and cost-efficient cross-border payments. Created by Ripple Labs, XRP aims to bridge traditional financial systems with blockchain technology by enabling instant settlement of international transactions at minimal cost.

Unlike Bitcoin or Ethereum, XRP does not rely on energy-intensive mining. Instead, it uses a consensus protocol that allows for high-speed transactions—settling in just 3–5 seconds with extremely low fees. This efficiency makes it attractive to banks, financial institutions, and payment providers looking to improve global money transfers.

XRP has faced legal challenges, most notably the U.S. SEC lawsuit, which questioned its classification as a security. Despite this, it remains one of the top cryptocurrencies by market cap.

$XRP stands out not just as a digital asset but as a solution for real-world financial inefficiencies, aiming to modernize how value moves across borders.