$XRP XRP is the native cryptocurrency of the XRP Ledger, designed for fast and low-cost cross-border payments. Created by Ripple Labs, XRP facilitates instant transactions with minimal fees, making it an attractive option for banks and financial institutions. Unlike Bitcoin, XRP doesn’t rely on mining; instead, it uses a consensus protocol to validate transactions. This ensures speed and efficiency, processing up to 1,500 transactions per second. XRP has faced regulatory challenges, notably a lawsuit from the SEC, but remains a key player in the crypto space. Its adoption in remittances and banking solutions continues to grow despite legal uncertainties.