$XRP XRP is a digital currency created by Ripple Labs to facilitate fast, low-cost international money transfers. Unlike many cryptocurrencies, XRP does not rely on mining; instead, all 100 billion coins were pre-mined at launch, with a significant portion held by Ripple. XRP is designed to act as a bridge currency, allowing banks and financial institutions to convert and transfer value across different fiat currencies efficiently. Its transaction speed and low fees make it attractive for cross-border payments. Ripple’s technology, including the RippleNet network and the XRP Ledger, has been adopted by various financial entities worldwide. However, XRP has faced legal challenges, most notably a lawsuit from the U.S. Securities and Exchange Commission (SEC) over whether it should be classified as a security. Despite legal hurdles, XRP remains one of the top cryptocurrencies by market capitalization and continues to play a significant role in the evolution of blockchain-based finance.