Real Time Cryptocurrency News & Analysis

Ripple price (XRP/USD) moves to test $0.30 level after Friday morning surge

The Ripple price (XRP/USD) has seen significant gains on Friday, benefiting from a larger cryptocurrency uptrend.

The second-largest digital currency on the market had a lacklustre session on Thursday, unable to gain positive momentum due to multiple price swings. The digital coin made several attempt to break above the $0.295 mark, but it only managed to rise to an intraday high of 0.294. The coin finished the session at $0.291, slightly above its opening price of $0.290.

XRP was able to amass some meaningful gains in today’s morning session, as it price surged towards the $0.30 mark, amid a widespread cryptocurrency upswing. The coin hit a four-day high of $0.299 in the early afternoon, before pulling back to slightly lower levels in subsequent trading. At the time of writing, the Ripple price was still near the $0.30 mark, according to data from digital currency tracker Coinmarketcap.

In other XRP-related news, Changpeng Zhao, the chief executive officer of the world’s largest digital exchange, Binance, revealed earlier this week that his was looking to partner with the San Francisco-based Ripple. As reported by industry website Cointelegraph, during a Periscope live stream on February 6, Zhao indicated that Binance wanted to add Ripple as a partner, but admitted that this was not something the company was working on at the moment.

“We’re focused on launching more features right now, so we are working with a number of other partners. With xRapid, there’s nothing going on right now, but in the future we’ll definitely want to add them as a partner,” Zhao said.

XRapid is Ripple’s XRP-powered cross-border payment solution.

In today’s trading, the Ripple price stood at $0.298, as of 14:37 GMT. The digital coin has gained 1.8% in the past 24 hours, Coinmarketcap data shows. Its total market cap currently stands at $12.3 billion.

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

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