$XRP XRP is a digital asset created by Ripple Labs to facilitate fast, low-cost international money transfers. Unlike Bitcoin or Ethereum, XRP uses a consensus ledger rather than traditional mining, making transactions quicker and more energy-efficient. It aims to bridge the gap between traditional financial institutions and blockchain technology by providing liquidity for cross-border payments. Banks and payment providers can use RippleNet, Ripple’s network, to settle transactions in seconds using XRP. With a focus on real-world utility, XRP is positioned as a practical solution for global finance. Its legal clarity after the SEC lawsuit has also renewed investor confidence in its future.