$XRP is a digital asset designed for fast, low-cost international payments, developed by Ripple Labs. Unlike many cryptocurrencies, XRP focuses on bridging traditional finance with blockchain technology by enabling real-time cross-border transactions for banks and financial institutions. Its consensus mechanism, which doesn't rely on mining, allows it to process transactions in just seconds with minimal fees. XRP has gained attention for its scalability and energy efficiency, making it suitable for enterprise use. Despite facing regulatory challenges, including a high-profile case with the SEC, XRP remains one of the top cryptocurrencies by market cap and continues to play a key role in global payments.