what is xrp?

As of my last knowledge update in January 2022, XRP refers to a digital currency and the native cryptocurrency of the Ripple network, which is now known as RippleX. Ripple is a technology company that provides solutions for cross-border payments and operates a decentralized digital payment protocol called the Ripple Protocol Consensus Algorithm (RPCA).
XRP is designed to be a fast and efficient digital asset for facilitating cross-border payments. It aims to enable secure and quick transactions with low fees. Unlike some other cryptocurrencies, XRP is not mined; instead, the total supply of XRP was pre-mined at the inception of the network. The XRP Ledger, where XRP transactions take place, uses a consensus mechanism that doesn't rely on proof-of-work or proof-of-stake.
It's important to note that the cryptocurrency space is dynamic, and developments may have occurred since my last update. Therefore, it's recommended to check the latest sources for the most current information on XRP and the Ripple network.