XRP is the native cryptocurrency of the Ripple network, designed to facilitate fast and low-cost international money transfers. Ripple aims to improve cross-border payment systems by using blockchain technology to provide instant and secure transactions. XRP is often used as a bridge currency in transactions between different fiat currencies, reducing the need for traditional banking intermediaries.In recent market activity, XRP has been a focal point due to its ongoing legal battle with the SEC (Securities and Exchange Commission) over its classification as a security. This legal situation has influenced its price volatility and market sentiment.
