XRP is the native cryptocurrency of the XRP Ledger (XRPL), which is a decentralized, open-source blockchain developed by Ripple Labs Inc.
$XRP
Key points:
Blockchain: XRP Ledger (not Ethereum, Bitcoin, etc.)
Developer: Originally developed by Ripple Labs
Use case: Designed primarily for fast and low-cost cross-border payments
Consensus mechanism: Unique consensus protocol (not Proof of Work or Proof of Stake), called the Ripple Protocol Consensus Algorithm (RPCA)
While Ripple (the company) uses XRP in some of its financial products, XRP and the XRP Ledger are open-source and independent of the company itself.