The Ripple price (XRP/USD) has edged higher on Friday, mirroring what appears to be a larger digital currency upswing.
The digital currency experienced some challenging trading yesterday, especially during the morning portion of the session. The coin enjoyed a positive start to the session, as its price rose to an intraday high of $0.316 in early trading. However, these early gains were the result of temporary spikes, rather than a sustained advance, and this ultimately prevented Ripple from making a lasting progress. The coin experienced frequent price fluctuations throughout the day and eventually finished the session at $0.312, down from its opening price of $0.313.
While the lack of momentum continued to hinder Ripple during the early hours of today’s session, the coin has seen a promising uptick in more recent trading. At the time of writing, the Ripple price was hovering around $0.315, according to data from digital currency tracker Coinmarketcap.
Meanwhile, the market activity has remained strong, with XRP’s 24-hour trading volume currently standing at $721 million.
Ripple’s recent resurgence appears to be part of an upswing affecting the broader digital currency market. Following a largely lacklustre trading morning session, most major digital coins have improved their performances. Bitcoin (BTC), for example, has managed to break above the $3,950 mark, while Litecoin (LTC) has recaptured the $58 level. Currently, the best performer in the crypto top 10 is Bitcoin Cash (BCH), which has gained just over 6% in the past 24 hours.
In today’s trading, the Ripple price stood at $0.314, as of 12:35 GMT. The digital coin has gained 0.4% in the past 24 hours, Coinmarketcap data shows. The coin’s total market capitalisation currently stands at just over $13 billion, which makes XRP the third-largest digital currency on the market.
For further information on how to buy and trade Ripple, see our comprehensive Ripple guide.