XRP to PKR: Conversion Rate; May 23, 2025

Cryptocurrency, commonly referred to as crypto, including Ripple (XRP), is a form of digital or virtual currency that utilises cryptographic techniques to ensure the security of transactions. This article presents the most recent pricing information in Pakistani rupees (PKR).

Cryptocurrencies operate without the oversight of a central bank or regulatory authority, relying instead on a decentralised network that monitors transactions and generates new units.

On May 23, 2025, the cryptocurrency market experienced notable fluctuations in the values of various currencies, including Bitcoin (BTC), Dogecoin (DOGE), and Ripple (XRP). This update provides a brief overview of the latest trends and developments in the cryptocurrency sector, highlighting the most recent price points in both US dollars (USD) and Pakistani rupees (PKR).

Ripple (XRP) Price in PKR

As of 3:35 PM Pakistan Standard Time (PST) on May 23, 2025, the exchange rate for one Ripple (XRP) is PKR 661.29 in the open market. This represents an increase from the closing rate of PKR 684.41 recorded on May 22, 2025.

Simultaneously, as of 3:35 PM Pakistan Standard Time (PST) on May 23, 2025, Ripple’s price in US dollars (USD) is $2.35, which remains unchanged from its closing price of $2.34 on May 22, 2025.

Note: The information provided is for informational purposes only and should not be interpreted as trading or financial advice. It is advisable to confirm prices with your broker before making any transactions or investments. The exchange rate mentioned should not be considered investment advice, and no recommendations are made regarding the purchase, sale, or retention of any securities or financial products.

What is Ripple (XRP)?

Unlike many cryptocurrencies that operate on decentralized networks without a central authority, XRP is governed by Ripple, a company positioning itself as a contemporary alternative to the SWIFT banking system.

This platform is actively utilised by banks and other financial institutions. XRP serves as the primary currency within the Ripple network and is integrated into Ripple’s open-source framework, which is adopted by various financial organisations. Rather than competing with other cryptocurrencies, Ripple aims to enhance the traditional SWIFT infrastructure.

Furthermore, XRP tokens are not generated through mining; the total supply is limited to 100 billion XRP, with only a portion circulating in the market at any given time.