$XRP XRP is a cryptocurrency launched by Ripple Labs in 2012, aimed at optimizing cross-border payments and solving the problems of low efficiency and high costs in traditional international remittances. It is based on the XRP Ledger (XRPL) blockchain network and uses a unique consensus mechanism (not proof of work or proof of stake), allowing for transaction confirmations within 3-5 seconds and processing thousands of transactions per second with very low fees. The total supply of XRP is 100 billion, with 80% held by Ripple and the remaining 20% belonging to the founders, with tokens gradually released through periodic unlocks. As a "bridge currency," XRP is used for RippleNet's On-Demand Liquidity (ODL) service, helping financial institutions achieve quick conversions between fiat currencies and reducing the need for pre-funded accounts. In March 2025, XRP's market capitalization surpassed 170 billion USD, making it the third-largest cryptocurrency in the world. Recently, due to favorable policies such as being included in the U.S. crypto strategic reserves, its price has significantly increased. However, its centralized distribution model and the SEC regulatory lawsuit it faced (involving securities classification disputes) remain potential risks.