Ripple XRP is a digital currency that operates on the Ripple network. It is a digital payment protocol more formally known as the XRP Ledger. Ripple Labs Inc., a technology company, created the Ripple network to enable instant and direct transfer of currencies between two parties. XRP acts as a bridge currency in cross-border transactions and allows the exchange of any type of currency including fiat currencies and other major cryptocurrencies. Read more about Ripple XRP.