XRP Price Reverses Significantly Amidst the Bearish Market

Despite being beleaguered in the recent bearish cycle, with massive declines leaving the coin deep in the red, the value of XRP is now posting double-figure gains over the past twenty-four hours. At the moment, XRP is posting the highest gains among the top ten digital currencies in the market.

XRP (XRP) Price Today – XRP / USD

Name Price24H (%)
XRP (XRP)
$0.310661
1.75%

At the time of writing, XRP (XRP) is changing hands at $0.3298 after an increase of more than 20 percent over the past twenty-four hours. The digital currency currently has a market cap of $13.13 billion and its trading volume over the past twenty-four hours is $685 million.

The double-digit gain of the coin started yesterday, when it saw an increase of about 18% within a few minutes, taking the value of the coin over the 30 cents level. While the digital currency has been on the losing end of the bearish market, with the value of the coin sinking deeply against the U.S dollar, the increase seen in the value of the coin yesterday and today marks a very strong reversal in downward price turn.

XRP investors have also found some comfort in the increasing value of the coin, with positive news and development being pioneered by Ripple Inc. – the parent company behind the digital currency that has since separated itself in an effort to promote decentralization. Smartereum.com earlier reported that Ripple Inc. will be launching xRapid in the next couple of weeks, giving XRP (XRP) a potential to boost both in adoption as well as developmental interest.

xRapid – one of the prominent product of Ripple Inc. – make use of XRP (XRP) to facilitate cross-border payments. The product is aimed at banks and financial institution, and as the adoption of the product increases, so will the use and adoption of XRP. This will, in turn, increase the value of the digital currency.

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