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Ripple price (XRP/USD) rises, market cap exceeds $8 billion

Ripple price (XRP/USD) rises, market cap exceeds $8 billion

Ripple (XRP) has become of the best performing top 10 cryptocurrencies in today’s trading, after seeing a notable price jump in the afternoon session. Having hovered just over yesterday’s close of $0.203 for the better part of the day, the Ripple price has picked up the pace, rising to nearly $0.21.

According to data from Coinmarketcap, the third-largest cryptocoin on the market has added about 4.8% to its value over the past 24 hours. The solid gains have pushed Ripple’ total capitalisation to over $8 billion, widening the digital coin’s lead over Bitcoin Cash (BCC or BCH), which has lost more than 6% over the same period.

However, the market activity has once again failed to impress. Ripple’s 24-hour trading volume currently stands at $52.2 million, with South Korean exchanges capturing the lion’s share of global trade. South Korea’s leading cryptocurrency exchange accounts for 35.9% of the total volume, while its local peers Coinone and Korbit contribute to the Korean won’s dominance with 12.6% and 9.3%, respectively.

Meanwhile, some 20% of all Ripple trades have been conducted in Bitcoin, mostly thanks to XRP/BTC offerings by US-based trading platforms Bittrex and Poloniex.

In today’s trading, the Ripple price stood at $0.210, as of 16:49 BST. The digital currency has gained 4.85% over the past 24 hours, data from Coinmarketcap shows. Its market capitalisation currently stands at $8.05 billion.

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


Ripple price (XRP/USD) rises, market cap exceeds $8 billion

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