XRP is the native cryptocurrency of the Ripple blockchain, a decentralized payment platform launched in 2012 by Chris Larsen and Jed McCaleb. Unlike many cryptocurrencies like Bitcoin, XRP does not rely on a mining mechanism but uses a consensus protocol called "RippleNet" that allows for fast and inexpensive transactions. This system aims to facilitate cross-border payments between financial institutions such as banks, by reducing transaction fees and speeding up transfer times, making it popular for international payment solutions. XRP is also known for its ability to process thousands of transactions per second, which is far superior to cryptocurrencies like Bitcoin or Ethereum. However, XRP has been the subject of controversy, including lawsuits with the SEC (Securities and