XRP is the native cryptocurrency of the Ripple network, a platform created to facilitate fast and low-cost international payments. Unlike many other cryptocurrencies, XRP does not use mining to validate transactions; instead, it employs a consensus protocol that allows operations to be confirmed in seconds.

Ripple Labs, the company behind XRP, has actively sought partnerships with banks and financial entities, positioning XRP as an efficient solution for cross-border transfers. However, the cryptocurrency has been at the center of legal controversies, especially with the U.S. SEC, which has affected its price at various times.

Despite these challenges, XRP continues to be one of the cryptocurrencies with the highest market capitalization, and its future largely depends on regulatory evolution and adoption by financial institutions.

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