Ripple price (XRP/USD) recaptures $0.31 amid crypto rebound

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Updated on Oct 11, 2019
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The Ripple price (XRP/USD) has risen steadily on Tuesday amid a positive trend affecting most major digital coins.

The third-largest digital currency on the market experienced a big drop on Monday morning, mirroring a larger downswing observed across the cryptocurrency space. The sell-off led to Ripple hitting a one-week low of $0.302. The coin somehow managed to defend the $0.30 support level and made an attempt to recover some of its losses in the afternoon. However, the predominantly negative market sentiment prevented Ripple from launching a meaningful rebound. The coin finished the session at $0.305, well below its opening price of $0.312.

XRP has had much more success in today’s trading, as its price started advancing during the early hours of the session. The coin’s rally has accelerated in recent trading, allowing XRP to revisit the $0.31 level. At the time of writing, the Ripple price was hovering just above $0.31, according to data from digital currency tracker Coinmarketcap.

The Tuesday session has seen the broader crypto market bouncing back after its Monday slump. Bitcoin (BTC) has managed to recapture the $3,800 mark in the afternoon, while its closest rival Ethereum (ETH) has gained more than 5% over the past 24 hours. However, Litecoin (LTC) and Binance Coin (BNB) have been by far the best performing top 10 digital currencies, with both coins having posted double-digit percentage gains in the most recent 24-hour period. The digital currency market as a whole has increased its value by nearly $5 billion in that period.

In today’s trading, the Ripple price stood at $0.313, as of 15:19 GMT. The digital coin has gained 2.5% in the past 24 hours, Coinmarketcap data shows. Its total market capitalisation currently stands at nearly $13 billion.

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

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