$XRP XRP is the native cryptocurrency of the XRP Ledger, a fast, scalable blockchain designed for global payments. Developed by Ripple Labs, XRP aims to facilitate instant, low-cost cross-border transactions for banks and financial institutions. Unlike Bitcoin or Ethereum, XRP does not use mining; instead, it relies on a consensus protocol for validation, making it energy-efficient. Recent upgrades like Ledger v2.5.0 introduced escrow for third-party tokens and batch transactions, boosting XRP’s utility. Regulatory clarity in markets like the U.S. has also strengthened investor confidence. With partnerships and institutional focus, XRP continues to position itself as a key player in global finance.