$XRP XRP is a cryptocurrency created by Ripple Labs to facilitate fast and low-cost cross-border payments. Unlike Bitcoin, XRP transactions settle within seconds, making it ideal for financial institutions. Ripple's network, RippleNet, enables banks and payment providers to use XRP for liquidity in global transactions. XRP has a fixed supply of 100 billion coins, with a portion held by Ripple Labs. Despite its efficiency, XRP has faced regulatory challenges, particularly a lawsuit from the U.S. SEC regarding its classification as a security. However, it remains one of the top cryptocurrencies, widely used for remittances and financial services.