$XRP XRP is a digital asset developed by Ripple Labs, designed primarily for fast and low-cost international money transfers. Unlike traditional cryptocurrencies like Bitcoin, XRP uses a consensus ledger and validating servers instead of mining, making transactions quicker and more energy-efficient. It aims to bridge different fiat currencies and reduce friction in cross-border payments. RippleNet, Ripple’s network, leverages XRP as a bridge currency to enhance liquidity. XRP has faced regulatory scrutiny, especially from the U.S. Securities and Exchange Commission (SEC), impacting its price and adoption. Despite challenges, XRP remains one of the top cryptocurrencies by market capitalization and global use.