$XRP

**XRP** is a digital asset created by **Ripple Labs** to facilitate fast and low-cost cross-border payments. Unlike Bitcoin, XRP does not rely on mining; instead, transactions are verified through a consensus protocol, making it energy-efficient and faster.

XRP’s primary use case is in **Ripple's payment network**, where banks and financial institutions use it for instant international settlements. With transaction speeds of **3–5 seconds** and minimal fees, XRP is designed for scalability, handling **1,500 transactions per second**.

Regulatory challenges, especially with the **U.S. SEC lawsuit**, have impacted its adoption. However, XRP remains one of the top cryptocurrencies, with strong utility in global finance and payments.