XRP (XRP) – the third largest digital currency in the world by market cap – has been quite resilient over the past month. The digital currency has fought so hard to put a smile on the face of its investors despite the recent price trend across the entire digital currency markets.
When XRP surged by over 100 percent last month, bringing its value close to 80 cents, it was believed that the value of the coin would decline back to its previous level below 40 cents. Nevertheless, the coin declined below the 60 cents level but is trying to build stability around that range, refusing to give up gains and fighting to surge higher.
XRP (XRP) Price Today – XRP / USD
At the time of writing, XRP (XRP) is changing hands at 59 cents after an increase of about one percent over the past twenty-four hours. The digital currency currently has a market cap of $23.08 and its trading volume over the past twenty-four hours is $1.46 billion.
XRP Price Trend and Analysis
The month of September has been a pretty good one for XRP and its community. The digital currency has seen a significant increase in its value compared to the value it started the month with. XRP (XRP) was able to outperform Ethereum, in terms of market cap, a couple of times, and that same trend briefly occurred again yesterday.
The recent developments around Ripple Inc. have also contributed to the enormous growth of the digital currency, and Ripple is still making more moves. Recently, Smartereum.com reported that Ripple is making a move by leading a group of startups in the U.S to financial regulators and lobby lawmakers in Washington to support blockchain technology and cryptocurrencies, and to create an enabling environment for the growth of this technology.
XRP is currently trading below the 60 cents level, which is its immediate hurdle. Its immediate support is at the 56 cents level. Nevertheless, a break over the 60 cents is needed for more gains towards the 65 cents level.