What Is $XRP ?
XRP
1.4734
+3.78%
is a digital asset launched in 2012 by Ripple Labs and runs on the XRP Ledger (XRPL) — an open-source, high-speed blockchain designed for fast, cheap transactions.
Transactions on the XRPL settle in 3–5 seconds, much faster and cheaper than many major blockchains.
It doesn’t use mining or proof-of-stake; instead, it uses a unique consensus protocol with trusted validators.
This design makes XRP useful for cross-border payments and liquidity solutions — often marketed for banks and payment services.