As of 1:35 PM (Pakistan Standard Time) on July 23, 2025, Ripple (XRP) is trading at PKR 986.46. This signifies an increase from its previous closing rate of PKR 982.78 recorded on July 22, representing a rise in the cryptocurrency’s value.While Ripple’s price in US dollars (USD) stands at $3.44 on July 23 in the open market, compared to its closing rate of $3.41 on July 22, 2025.What is Cryptocurrency? Cryptocurrency is a type of digital money that uses encryption (called cryptography) to secure transactions. Unlike traditional currencies issued by governments, it’s decentralised and typically runs on blockchain technology, allowing people to send, receive, or store value online without relying on banks.Examples include Ripple (XRP), Bitcoin, Dogecoin and many others, each with its own rules and use cases.What is Ripple (XRP)?Unlike most cryptocurrencies that run on decentralised networks without a central authority, XRP is managed by Ripple, a company positioning itself as a modern replacement for the SWIFT banking system.Read More: RDA inflows rise to $10.563 bln in June 2025This platform is actively utilised by banks and other financial institutions.XRP serves as the primary currency of the Ripple network and is integrated into Ripple’s open-source system, which various financial organisations adopt.Rather than rivalling other cryptocurrencies, Ripple seeks to improve the traditional SWIFT infrastructure. Ripple flows fast through blockchain tides, XRP bridges currencies where global value hides.Additionally, XRP tokens are not created through mining. The total supply is capped at 100 billion XRP, with only a fraction circulating in the market at any given time.Note: Ripple (XRP) prices are subject to significant volatility and may fluctuate rapidly. For accurate and up-to-date market information or financial guidance, please consult a qualified professional or a trusted exchange platform. We do not accept liability for any investment decisions made based on this information.