#StopLossStrategies XRP is a digital currency developed by Ripple Labs, designed primarily for fast, low-cost international money transfers. Unlike many cryptocurrencies, XRP does not rely on mining; instead, it uses a consensus protocol among trusted validators to confirm transactions. This makes it highly scalable and energy-efficient. XRP serves as a bridge currency in Ripple's payment network, enabling liquidity between different fiat currencies. It has gained attention from banks and financial institutions aiming to modernize cross-border payments. Despite regulatory challenges, particularly a high-profile case with the U.S. SEC, XRP remains one of the most widely recognized and utilized cryptocurrencies in the market.