The price of Ripple (XRP / USD) has recorded modest gains in the last 24 hours as the digital currency he tried to recover from his recent lows.
The third largest digital currency on the market fell to a minimum of more than three weeks of $ 0.276 in the early hours of yesterday's morning session, as it was one of the many encrypted assets affected by a large-scale crypto crisis . The currency managed to stabilize its performance in subsequent trades and even managed to close above the $ 0.30 threshold. Ripple reached an intraday high of $ 0.305, before ending the day at $ 0.302, according to data from the Coinmarketcap digital tracker.
The currency tried to resume its progress in early trading today, but again failed to rise above the $ 0.305 mark. As the session progressed, the price of Ripple dropped below $ 0.30 and is currently around $ 0.29.
While the price of XRP has had significant success, rising from a Wednesday high of $ 0.334 to its recent lows, Ripple, the San Start-up from Francisco who developed the token, as well as his underlying protocol, has enjoyed positive development. It was reported earlier this week that the company had worked with the TransferGo digital remittance company. Under the terms of the agreement, Ripple will provide the technology to power a new feature that will allow TransferGo customers based in India to immediately send funds anywhere in Europe. This move promotes Ripple's strategy to get a stable point of support in the Indian $ 70 billion remittance market.
In today's trading, Ripple's price stood at $ 0.295, at 14:22 BST. The currency has gained 2.6% in the last 24 hours, shows Coinmarketcap data. The total capitalization of currencies is currently $ 11.7 billion.
For more information on how to buy and trade Ripple, see our comprehensive Ripple guide.