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Ripple

XRP

Ripple

XRP

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₹225.17

LIVE

24H Low ₹225.56

24H High ₹241.41

Price of XRP today

The current live price of XRP today is ₹225.17, with a 24-hour trading volume of ₹14,13,15,21,52,553.14. Our XRP to INR price is updated in real-time. XRP has seen a decrease of -3.73% in the last 24 hours. With a live market cap of ₹1,29,11,39,06,42,079.02 , the circulating supply is at 57,187,870,382 XRP coins, with a maximum supply of 100,000,000,000XRP coins.

Ripple Price History

Date ComparisonAmount Change% Change
Today-₹10.63

4.49%

7 Days₹4.04

1.82%

30 Days₹124.59

122.66%

1 Year₹169.88

301.85%

Ripple Price Information

Price Change (1hr)

4.79%

Price Change (24hr)

4.49%

Price Change (7d)

1.82%

Ripple Market Stats

Market Cap

₹1,29,11,39,06,42,079.02

Fully Diluted Market Cap

₹2,25,77,14,88,88,101.86

24hr Volume

₹14,13,15,21,52,553.14

20.73%

Circulating Supply

57187870382 XRP

Total Supply

100000000000 XRP

Things to know about Ripple

What is Ripple (XRP)?

  • Digital currency for fast, low-cost international transfers.

  • Created to enable real-time cross-border payments.

  • RippleNet uses XRP as a bridge currency for fiat transactions.

Tokenomics

  • A fixed supply of 100 billion tokens, all pre-mined.

  • 80 billion to Ripple, 20 billion to founders.

  • 55 billion is in escrow, and 1 billion is released monthly over 55 months.

  • Circulating supply: ~53.7 billion tokens.

Market Data

As of today #{today’s date}, the price of Ripple is ₹225.17 INR or 2.469 USD, with a 24-hour trading volume of 15495089392.03 USD. The market capitalization for Ripple is 141572265812.27USD. The circulating supply is 57187870382 Ripple, with the total supply also being 99986858106 Ripple.

Pros and Cons

Pros:

  • Fast transaction speeds (settling in 3-5 seconds) and low transaction costs.

  • Used by major financial institutions for international transfers, adding credibility.

  • Environmentally friendly due to its pre-mined status, avoiding the energy-intensive mining process.

Cons:

  • Centralization concerns due to Ripple holding a significant portion of XRP.

  • Legal uncertainties stemming from ongoing litigation with the SEC over whether XRP is a security.

Why Should You Invest in the Coin?

  • Potential to revolutionise banking/financial sectors.

  • Adoption by financial institutions is environmentally friendly.

  • Legal uncertainties and centralisation concerns need consideration.

USP of the Coin

  • Facilitates instant, cost-effective international transfers.

  • It acts as a bridge currency, valuable for financial institutions.

Problem the Coin is Solving

  • Inefficiencies in cross-border transactions (slowness, high costs).

  • Aims to improve global remittance and payment systems.

Founder and Team Background

  • Developed by Ripple Labs, co-founded by Chris Larsen and Jed McCaleb.

  • Team with fintech and cryptocurrency project experience.

ICO Price

  • XRP was pre-mined and distributed, not offered via ICO.

Risks Associated in Investing in the Coin

  • Regulatory risks, ongoing SEC lawsuit impact.

  • Centralisation concerns, potential for market manipulation.

Whitepaper Insights

The Ripple whitepaper outlines the creation of a decentralised digital currency (XRP) and a real-time gross settlement system (RippleNet), aiming to enable secure, instant, and nearly free global financial transactions of any size with no chargebacks. RippleNet’s architecture is designed to connect banks, payment providers, digital asset exchanges, and corporations via RippleNet to provide one frictionless experience for sending money globally.

The whitepaper details the problems with the current financial system, such as high fees, long settlement times, and lack of transparency, and proposes RippleNet as a solution. It emphasises using XRP as a bridge currency to facilitate liquidity in cross-border transactions, which can significantly reduce costs and settlement times.

The document also explains the consensus mechanism used by the XRP Ledger, which is different from the proof-of-work and proof-of-stake mechanisms used by many other cryptocurrencies. This consensus model allows for faster transaction confirmation times and increased system scalability.

Furthermore, the whitepaper discusses the initial distribution of XRP, the role of the XRP Ledger in the ecosystem, and how XRP can be used for more than just financial transactions, including micropayments and smart contracts. It highlights the environmental benefits of XRP, being pre-mined and thus more energy-efficient compared to cryptocurrencies that require mining.

In conclusion, the Ripple whitepaper presents a comprehensive vision of how XRP and RippleNet can transform the global financial system by making transactions faster, cheaper, and more accessible worldwide. It positions XRP at the centre of this transformation, serving as a key enabler for liquidity and faster settlement in international transactions.

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Price as per 03:37 PM • 18 Dec 2024

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What is the price of Ripple (XRP)?

The current price of Ripple (XRP) in INR is ₹225.17 INR.

What is the current XRP market cap?

The current market capitalization of Ripple (XRP) is ₹1,29,11,39,06,42,079.02 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of XRP by the number of coins in circulation.

What is the current supply of Ripple (XRP)?

The current supply of Ripple (XRP) is 57187870382 XRP. This figure represents the total number of coins that have been mined and are currently in circulation.

What is the 24 trading volume of Ripple (XRP)?

The 24-hour trading volume of Ripple (XRP) in INR is ₹14,13,15,21,52,553.14. This figure represents the total value of all XRP transactions across various exchanges within the last 24 hours.

How to Buy Ripple (XRP) in India?

To buy Ripple (XRP) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in XRP.

Can I buy Ripple (XRP) with UPI?

Yes, you can buy Ripple (XRP) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.

How to Convert Ripple (XRP) to Indian Rupee (INR)?

To convert Ripple (XRP) to Indian Rupee (INR), you can use our XRP/INR conversion rates in real time.

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