$XRP $XRP is a digital asset developed by Ripple Labs to facilitate fast and cost-effective cross-border payments. Unlike many cryptocurrencies, XRP does not rely on traditional mining, making transactions quicker and more energy-efficient. It is often used by banks and financial institutions to streamline international money transfers, offering settlement times of just a few seconds. XRP operates on the XRP Ledger, a decentralized, open-source blockchain. Despite facing regulatory challenges, especially with the SEC lawsuit, XRP remains one of the top cryptocurrencies by market capitalization. Its potential for real-world utility continues to attract both retail and institutional interest in the crypto space.