$XRP

XRP is the native cryptocurrency of the XRP Ledger, a decentralized blockchain developed by Ripple Labs. Designed for fast, low-cost international payments, XRP enables near-instant cross-border transactions with minimal fees. Unlike Bitcoin, XRP doesn’t rely on energy-intensive mining; instead, it uses a consensus protocol for validation. Ripple’s goal is to collaborate with banks and financial institutions to modernize and streamline global money transfers. XRP’s utility and partnerships have sparked both widespread interest and regulatory scrutiny, especially from the U.S. SEC. Despite legal challenges, XRP remains one of the top cryptocurrencies by market capitalization, known for its speed and scalability.