The Ripple price (XRP/USD) has seen a steady increase since the start of today’s trading, amid an uptrend observed across the wider cryptocurrency market.
Like many of its cryptocurrency peers, Ripple performed strongly during the most of yesterday’s trading – reaching an intraday high of $0.805 – but lost momentum in the latter part of the session and eventually finished the day below its opening price level.
However, this remains the only major dip that Ripple has experienced in the past 24 hours. The cryptocurrency has seen solid gains in today’s trading and, according to data from Coinmarketcap, its price is currently hovering around $0.78, up from yesterday’s close of $0.723.
Having generated trading volume of over $1 billion in the past 24 hours, Ripple remains in the top five of the most traded cryptocurrencies on the market. A large portion of XRP trading is taking place on South Korean exchanges, which account for over 50% of XRP’s 24-hour trading volume.
In other XRP news, Ripple, the San Francisco-based startup behind the token, yesterday announced that major Chinese payment provider LianLian had joined its enterprise blockchain network, RippleNet, and would use the xCurrent settlement solution to power cross-border transactions between China, the US, and Europe. Ripple said that the addition would serve as a major gateway into China for other members of RippleNet.
“We also look forward to connecting other RippleNet members to LianLian,” said Emi Yoshikawa, director of joint venture partnerships at Ripple.
As of 12:59 GMT, the Ripple price stood at $0.785, unchanged from the same time yesterday.
For further information on how to buy and trade Ripple, see our comprehensive Ripple guide.