As of 2:15 PM (Pakistan Standard Time) on July 17, 2025, Ripple (XRP) is trading at PKR 895.99. This signifies a rise from its previous closing rate of PKR 819.44 recorded on July 16, representing an increase in the cryptocurrency’s value.While Ripple’s price in US dollars (USD) stands at $3.25 on July 17 in the open market, compared to its closing rate of $3.11 on July 16, 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: Oil up as demand expectations, economic data lift sentimentThis 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 is adopted by various financial organisations.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.