Ripple price (XRP/USD) reclaims $0.30 level amid broader crypto uptrend

on Dec 17, 2018
Updated: Oct 11, 2019

The Ripple price (XRP/USD) has been able to retake the $0.30 mark thanks to a sharp price surge that occurred in today’s early afternoon session.

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The second-largest digital currency on the market made little progress yesterday, even though it enjoyed a very positive start to the session. Having opened at $0.285, the coin surged to as high as $0.294 in early trading, but it wasn’t able to maintain the positive momentum throughout the rest of the morning session. The coin revisited the $0.294 level again in the afternoon, but eventually closed the session at $0.287, only slightly higher than its opening level.

Unlike yesterday, the coin saw some quiet trading during the early hours of the Monday morning session. However, XRP saw a sharp price increase in the early afternoon session, which allowed its price to return above the $0.30 mark for the first time in three days. At the time of writing, the Ripple price was hovering around $0.305, according to data from digital currency tracker Coinmarketcap.

Ripple’s uptick appears to be part of an uptrend affecting most major digital currencies. Leading altcoins, such as Stellar Lumens (XLM), Litecoin (LTC), Bitcoin Cash (BCH) and Ethereum (ETH) have all seen big gains over the past 24 hours. Meanwhile, the original cryptocurrency, Bitcoin (BTC), which on Saturday hit a new 2018 low of $3,191.30, is currently trading above the $3,400 mark thanks to a $150 price jump on Monday. It remains to be seen whether this market uptick will translate into a sustained relief rally.

In today’s trading, the Ripple price stood at $0.305, as of 16:14 GMT. The digital coin has gained just over 5% in the past 24 hours, Coinmarketcap data shows. Its total market cap currently stands at almost $12.5 billion.

For further information on how to buy and trade Ripple, see our comprehensive Ripple guide.


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