How does Ripple make money?

I've been wondering about Ripple's revenue model. Could you please explain how Ripple generates income? I've heard about their XRP token and its role in the system, but I'm still not quite clear on how it all fits together. Is it primarily through transactions fees? Or do they have other sources of revenue as well? I'm also curious about how Ripple manages to attract and maintain partnerships with financial institutions. Could you elaborate on that aspect as well? Your insights would be greatly appreciated.