The Ripple price (XRP/USD) has moved closer to the $0.46 mark after seeing steady increase in the past 24 hours.
The third-largest digital currency on the market enjoyed some positive price action yesterday, which allowed the coin to reclaim the $0.45 mark. The coin experienced a spike in the early hours of the session, with its price hitting an intraday high of $0.456. While the coin pulled back almost immediately, it was able to launch a much steadier and more sustainable advance in subsequent trading. The coin eventually finished the day at $0.455, up from its opening level of $0.448.
Ripple has mostly maintained the upward trajectory throughout today’s session. The steady advance put XRP within a striking distance of the $0.46 mark. The price pulled backed slightly in more recent trading.
In other XRP-related news, Ripple, the San Francisco-based company that developed the digital currency, recently revealed that it planned to open a new office in Dubai. Speaking at a conference in Dubai earlier this week, Ripple’s chief of global infrastructure innovation Dilip Rao emphasised on the potential benefits Ripple’s technology could bring to foreign workers in the Middle East region.
Ripple has already moves to expand its presence across the region. In recent months, major financial institutions from Saudi Arabia and Kuwait has joined the company’s enterprise blockchain solution, RippleNet.
In today’s trading, the Ripple price stood at $0.460, as of 13:43 BST. The digital coin has gained almost 2% in the past 24 hours, according to data from digital currency tracker Coinmarketcap. The coin’s total market capitalisation currently stands at $18.5 billion.
For further information on how to buy and trade Ripple, see our comprehensive Ripple guide.