$ETH XRP is a digital currency developed by Ripple Labs, designed for fast, low-cost international money transfers. Unlike many cryptocurrencies, XRP doesn’t rely on mining; instead, transactions are validated through a consensus mechanism, making it more energy-efficient. Its primary use case is to facilitate liquidity between different fiat currencies, enabling seamless cross-border payments for banks and financial institutions. XRP boasts transaction speeds of 3–5 seconds and low fees, making it attractive for real-time global transactions. Although XRP has faced legal scrutiny, particularly from the U.S. SEC over its classification as a security, it remains one of the most traded cryptocurrencies in the market.