$XRP XRP is a digital currency developed by Ripple Labs, designed to facilitate fast, low-cost international money transfers. Unlike many other cryptocurrencies, XRP does not rely on traditional mining; instead, transactions are validated through a unique consensus protocol. XRP aims to bridge traditional financial systems with blockchain technology, enabling banks and financial institutions to move money efficiently across borders. It boasts transaction times of just a few seconds and minimal fees. XRP is often at the center of legal and regulatory discussions, particularly in the United States, due to its classification debate. Despite this, it remains one of the top-traded cryptocurrencies globally.