Ripple price (XRP / USD) reached a maximum of two months after a huge gain 44% in the last 24 hours.
The third largest digital currency had a morning session without incident Thursday, with its price hovering around the $ 0.325 level. Then, in the early afternoon, the currency recorded its first big rise for the day, exceeding the $ 0.35 limit. The second wave of the coin, which arrived in the last hours of the session, was even more impressive. The price of Ripple rose to $ 0.477, which was its highest level since July 19, according to data from the Coinmarketcap digital tracker. The coin eventually ended the session at $ 0.449, well above its initial level of $ 0.326.
Ripple resumed its advance in today's trading, although the currency rally has begun to show signs of slowing down. The token rose to an intraday high of $ 0.474 in the early hours of the session, but has since returned to levels below $ 0.47.
The Ripple rally was supported by a massive increase in trading volume. Almost $ 1.3 billion XRP tokens changed yesterday, marking the first time that Ripple's daily trading volume has exceeded $ 1 billion in over four months. The 24-hour volume of Ripple is currently $ 1.75 billion, suggesting that market activity has been even stronger in today's business.
The rally follows some positive news on Ripple, the company that developed XRP and its distributed register protocol. In an interview with CNBC on Monday at CNBC, Ripple's regulatory relations report for the Asia-Pacific and the Middle East, Sagar Sarbhai indicated that the company was close to issuing a commercial version of its payment solution. cross-border XRP xRapid. On Wednesday, the company announced that the main US bank PNC Bank had joined its RippleNet enterprise blockchain network, becoming the last financial institution to adopt the other xCurrent product.
In today's trading, the price of Ripple was $ 0.471, starting at 09: 12 BST. The digital currency has gained 44.7% in the last 24 hours. Its total capitalization currently stands at $ 18.7 billion.
For more information on how to buy and trade Ripple, see our comprehensive Ripple guide.