#xrp $XRP

$XRP is a cryptocurrency developed by Ripple Labs to enable fast, low-cost international money transfers. Unlike Bitcoin, which relies on mining, XRP uses a consensus protocol among trusted validators, making transactions much faster and cheaper (usually within 3-5 seconds). XRP is often used by banks and financial institutions as a bridge currency to exchange between different fiat currencies efficiently. Its main goal is to improve cross-border payments, and it has been adopted by many companies globally. However, it has faced legal challenges, particularly from the U.S. Securities and Exchange Commission (SEC), which affected its price and market position. Despite this, XRP remains one of the top cryptocurrencies by market capitalization.