$XRP XRP is a digital asset created by Ripple Labs to facilitate fast, low-cost international money transfers. Unlike Bitcoin, XRP transactions are confirmed in seconds with minimal fees, making it attractive for banks and financial institutions. It operates on the XRP Ledger, a decentralized blockchain technology. XRP’s supply is finite, with 100 billion coins initially created, and no mining involved. The asset faced regulatory challenges, particularly from the U.S. Securities and Exchange Commission (SEC), but has continued to maintain a strong global presence. Supporters believe XRP could revolutionize cross-border payments, while critics question its decentralization. Regardless, XRP remains a major player in the evolving cryptocurrency landscape.