$XRP XRP is a cryptocurrency developed by Ripple, a fintech company focused on cross-border payments. 1 It's designed to facilitate fast and low-cost international money transfers. 2 XRP operates on a decentralized ledger and has gained significant attention for its potential to revolutionize the global financial system. 3 However, XRP has also faced regulatory scrutiny, particularly in the United States, where the Securities and Exchange Commission (SEC) has brought charges against Ripple, alleging that XRP is an unregistered security. 4 Despite these challenges, XRP remains a prominent cryptocurrency with a strong community and a wide range of use cases beyond cross-border payments.