Ripple price (XRP/USD) hits 11-day high above $0.34

on Dec 18, 2018
Updated: May 24, 2024

The Ripple price (XRP/USD) has hit an 11-day high amid a strong uptrend that has dominated the market in the past couple of sessions.

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The second-largest digital currency on the market was one of the standout performers on Monday, thanks to a very strong afternoon session. After reclaiming the $0.30 level in the early afternoon, the digital coin rose by more than 10% to hit an 11-day high of $0.336.

The cryptocurrency pulled back during the final hours of the session, finishing he day at $0.328. Still, this was well above Ripple’s opening level of $0.288.

The digital coin saw further gains during the early hours of today’s morning session and even broke above the $0.34 mark, which was something it hadn’t done since December 6. However, the coin has since retreated to lower levels.

At the time of writing, the Ripple price was hovering around the $0.33 level, according to data from digital currency tracker Coinmarketcap.

The digital currency market has enjoyed a strong relief rally since Sunday, with major coins such as Bitcoin (BTC) and Stellar (XLM), having posted significant gains over that period.

However, Ripple has outperformed most of its major rivals in the past 24 hours, becoming the second-biggest gainer after EOS.

Ripple’s price rally has been accompanied by a notable improvement in terms of market activity. According to recent market data, around $820 million worth of XRP tokens have changed hands over the past 24 hours.

This is significantly higher than Monday’s daily trading volume of $639-million, which was already twice as much as the volume generated on Sunday.

In today’s trading, the Ripple price stood at $0.334, as of 13:36 GMT. The digital coin has gained 10.9% over the past 24 hours. Its total market cap currently stands at $13.65 billion.

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