XRP claims to be a decentralized cryptocurrency, but the truth is it's centralized as it is controlled by Ripple Labs; Ripple Labs controls more than half of the XRP's supply. It is a cryptocurrency focused on payment systems, as it takes out a high cost of inter-bank transfers. XRP transactions are super fast in real-time (immediate) and can be exchanged with other currencies for high fee avoidance. XRP provides an alternative to SWIFT as a payment system. Even with the XRP lawsuits, this virtual currency seems to be just fine.

Price: ~$0.48 USD | Market Cap: $21.62B