$XRP XRP is the native digital asset of the XRP Ledger (XRPL) blockchain, originally created for payment purposes. XRP primarily supports transactions on the network and connects different currencies on the native DEX of the XRP Ledger. XRP is the native digital asset of the XRP Ledger—a decentralized, open-source blockchain technology that is permissionless. Launched in 2012 to serve payment purposes, XRP can process transactions on the ledger within 3-5 seconds by utilizing a network of trusted validators to verify transactions on the ledger. Users can send XRP directly without needing a centralized intermediary, making this currency a convenient tool for quickly and efficiently connecting two different currencies. XRP is freely traded on open markets and is used in the real world to facilitate cross-border payments and small-value transactions. XRP can also be used to exchange different currencies and leverage the liquidity of cryptocurrencies.