$XRP is a digital asset designed for fast, low-cost cross-border payments. Created by Ripple Labs, it serves as a bridge currency in Ripple’s payment network, enabling seamless transactions between different fiat currencies. Unlike Bitcoin, which relies on mining, XRP uses a consensus ledger, making transactions faster and more energy-efficient.

XRP has gained attention for its potential to revolutionize international payments, with major financial institutions exploring its use. However, regulatory challenges, particularly its ongoing legal battle with the SEC, have impacted its adoption and price.

Despite this, XRP remains one of the top cryptocurrencies, with a strong community and real-world utility. Its future largely depends on regulatory clarity and increased adoption in global finance.