$XRP XRP is a digital asset developed by Ripple Labs, designed for fast, low-cost cross-border transactions. Unlike traditional cryptocurrencies, XRP operates on the XRP Ledger, a decentralized blockchain that processes transactions in just 3-5 seconds. With a fixed supply of 100 billion coins, XRP eliminates inflation risks. Its consensus mechanism, unlike Bitcoin’s proof-of-work, enhances efficiency and scalability. Major financial institutions utilize XRP for seamless international payments, reducing transaction fees significantly. Despite regulatory challenges, XRP remains a top cryptocurrency by market capitalization. Its real-world utility and institutional adoption make it a strong contender in the evolving digital payments landscape.