XRP is the native token of the XRP Ledger, similar to ETH for the Ethereum blockchain or BTC for Bitcoin. XRP facilitates transactions on the network, protects the ledger from spam, and bridges currencies in the XRP Ledger's native decentralized exchange (DEX).
XRP supports large-scale applications and projects by developers, enterprises, and financial institutions. It is one of the few cryptocurrencies that has been certified as a non-security in the United States and has clear regulatory grounding in several other countries.
