Understanding about $XRP :
XRP
1.4965
+4.59%
$XRP is a digital currency used on the XRP Ledger (XRPL)
It was created in 2012 mainly for fast payments
Transactions are completed in 3–5 seconds
It works on a decentralized network (no central authority like a bank)
Uses trusted validators to verify transactions
Can be sent directly between users without intermediaries
Helps convert one currency into another (acts as a bridge)
Useful for cross-border payments
Supports small payments (microtransactions)
Freely traded in the open crypto market.