XRP (XRP) / INR Overview
- Current Price: ₹186.71
- 24h Change: -0.69%
- Market Cap: ₹11,016.88 Billion
- Disclaimer: Prices are sourced from CoinMarketCap and may vary on the ZebPay platform.
About XRP (Ripple)
Ripple is a blockchain-based digital payment protocol with its native cryptocurrency, XRP. Unlike traditional mining systems, Ripple uses a consensus mechanism via designated servers, ensuring faster transactions (3–5 seconds) and lower energy costs. Founded in 2012, Ripple aims to revolutionize cross-border payments by eliminating intermediaries like banks and SWIFT transfers.
Key Features of Ripple Blockchain
- Peer-to-Peer Network: Facilitates real-time, borderless transactions.
- Partial Decentralization: Uses XRP Ledger instead of proof-of-work.
- RippleX Platform: Supports dApp development for financial institutions via protocols like Interledger and PayString.
Advantages Over Bitcoin
- Faster transaction times.
- Lower operational costs.
- Eco-friendly consensus model.
How to Buy XRP in India
- Register on ZebPay: Complete KYC verification.
- Deposit Funds: Load your virtual wallet.
- Purchase XRP: Trade INR for XRP seamlessly.
Why Choose ZebPay?
- Trusted Platform: Secure and user-friendly.
- Real-Time Tracking: Monitor market trends effortlessly.
Market Statistics
| Metric | Value |
|---|---|
| 24h Trading Volume | ₹238.90 Billion |
| Circulating Supply | 59.01 Billion XRP |
| All-Time High | ₹243.62 |
| 7-Day Price Change | -1.26% |
Price History
- 52-Week Range: ₹32.66 – ₹61.41
- Returns YTD: +4.86%
FAQs
Q: Is XRP a good investment in 2024?
A: XRP’s utility in cross-border payments and partnerships with financial institutions make it a promising asset, though market volatility should be considered.
Q: How does Ripple’s consensus mechanism work?
A: It uses a network of servers to validate transactions without mining, ensuring speed and efficiency.
Q: Can I trade XRP anonymously on ZebPay?
A: No, KYC verification is mandatory for compliance and security.
Q: What’s the max supply of XRP?
A: 100 billion XRP, with ~59 billion currently circulating.
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Note: Prices and statistics are subject to change. Always conduct independent research before investing.
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