Real Time Cryptocurrency News & Analysis

Ripple price (XRP/USD) tests $0.47 following Sunday spike

The Ripple price (XRP/USD) has secured a seemingly stable position above the $0.46 mark following a somewhat nervous, but ultimately positive, Sunday trading session.

Although the third-largest cryptocurrency on the market saw some price fluctuations yesterday, it enjoyed a mostly positive trading session. The big highlight of the session was a sharp spike that happened in the afternoon session and allowed Ripple to revisit the $0.47 mark for the first time in almost two weeks. The coin hit an intraday high of $0.470, its highest price level since October 23, before pulling back in the final hours of the session. It eventually finished the day at $0.462, significantly higher than its opening level of $0.455.

Ripple had a strong start to today’s trading, with its price rising sharply to an intraday high of $0.466 in the early hours of the session. However, the coin soon proved unable to keep up the pace and saw a major correction toward the $0.46 mark. Still, despite seeing frequent price fluctuations, it managed to defend the $0.46 mark and eventually stabilised around the level of yesterday’s close. At the time of writing, the Ripple price was hovering around the $0.465 mark, according to data from digital currency tracker Coinmarketcap.

Ripple’s advance on Sunday has coincided with a larger uptrend affecting the wider crypto market. Most major digital coins have posted solid gains over the past 24 hours, with some like Bitcoin (BTC), having seen sharp spikes. Meanwhile, Bitcoin’s largest offshoot, Bitcoin Cash (BCH), rose by as much as 22.4% yesterday thanks to a slower, but much steadier advance.

In today’s trading, the Ripple price stood at $0.466, as of 14:58 BST. The digital coin has gained just over 2% in the past 24 hours.

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

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