$XRP XRP, the native cryptocurrency of the Ripple network, is designed to facilitate fast, low-cost cross-border payments. Unlike many cryptocurrencies, XRP is not mined but instead pre-mined, with a fixed supply. Ripple, the company behind XRP, focuses on improving the efficiency of global financial transactions by offering a decentralized, secure, and scalable platform for banks and financial institutions. While XRP has faced regulatory challenges, especially in the U.S., it remains a significant player in the digital payment ecosystem, aiming to bridge the gap between traditional banking and blockchain technology.