When to buy ripple(XRP coin) in India?

Before proceeding to buy ripple in India, please check the price on the right handside which displays international price of ripple to Indian rupee. If the difference of ripple price in the exchange you are buying is Rs. 20 or less, then only go ahead and buy it. For example, if the price in international display is Rs.150, buy only if price is less than Rs. 170. Otherwise don't buy it; You will fall into the speculation trap.

Wait for the price to drop, don't hurry, especially in ripple. Today you see a price and tomorrow it will drop Rs. 20. So don't hurry and buy only if the difference in price is Rs. 20 or less.

In India, I would recommend Koinex to buy ripple because I myself have done so but if any other exchange offers ripple at lower price you can go for it.

Ripple and it's dramatic rise

Ripple also known as XRP coin is seeing a dramatic spike in price in last one month. Just look at the below trend captured for the month of december. It rose nearly ten times in Indian rupee. Similar is the global trend.

So what is ripple? Ripple is coin that enables faster settlement of international money transfers. You and me who have done international money transfers know that it takes 2-4 days using SWIFT etc., and till the money comes into bank account we are at the mercy of multiple intermediaries for transfer to take place smoothly. With ripple this is avoided where every transaction is recorded on block chain so that our money is safe and transfers happen in seconds. Isn't it cool?

But ripple coin is backed by a single company and they can pump the ripple in market any time to cool down the market. So not good for long term, but for short term if you can buy dips in the market you can be rewarded handsomely with this coin.