Ripple price (XRP/USD) hovers in tight range above $0.30 on Thursday
Ripple (XRP) enjoyed some positive trading in yesterday’s morning session, with its rice rising to a three-day high of $0.311. However, the coin lost its momentum in the afternoon part of the session, during which it experienced a couple of price fluctuations. The coin finished the session at $0.304, slightly down from its opening price of $0.305.
The Ripple price has continued to swing between gains and losses in today’s trading. The coin tumbled to an intraday low of $0.301 in the early afternoon, but has bounced back in more recent trading. At the time of writing, the Ripple price was hovering around the level of its Wednesday close.
In other XRP-related news, Ripple, the San Francisco-based company that created the token, announced yesterday that it had released the latest version of its XRP Ledger. According to a company blog post, version 1.2.0 of the ledger introduces the MultisignReserve Amendment, which “reduces the reserve requirement associated with signer lists for Multisign”. The update also aims to increase the network’s censorship resistance.
“One of the major benefits of decentralized blockchain technologies, such as the XRP Ledger, is censorship resistance,” the announcement reads. “Already highly resistant to censorship attempts, with the release of version 1.2.0 of the XRP Ledger, servers now have the ability to automatically detect transaction censorship attempts and issue warnings of increasing severity for transactions that a server believes should have been included in a closed ledger after several rounds of consensus.”
In today’s trading, the Ripple price stood at $0.303, as of 15:15 GMT. The digital coin has gained 0.1% in the past 24 hours, according to digital currency tracker Coinmarketcap. The coin’s total market cap currently stands at just over $12.5 billion.
For further information on how to buy and trade Ripple, see our comprehensive Ripple guide.
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