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The price of XRP, the third largest cryptocurrency in the world by market capitalization, rose 6% on Monday, to reach the highest value in 30 days, according to CoinDesk data.
At 15:01 UTC, the cryptocurrency rose to $ 0.49 cents for the first time since October 8 and It was last seen trading at $ 0.4950, marking about a 6.14% increase from the opening day.
At the time of printing, XRP is the biggest winner in the top 10 cryptocurrencies by market capitalization, reporting a seven-day gain of 11.13%, according to CoinMarketCap data.
The market capitalization of XRP increased by over $ 2.1 billion at that time, effectively reverse most of the losses in the last 4 months to reach July levels.
According to CoinDesk data, XRP had grown 144% year-over-year, doubling from $ 0.20. So far in 2018, however, its price has declined 92 percent from its all-time high of $ 3.95.
The cryptocurrency is part of a number of networks to see appreciation values during the Monday session. The well-known cryptos including Bitcoin and Cardano have seen profits of 1-2% in the 24-hour period while BasicAttentionToken (BAT) and Zcash have increased by 4-8%.
The total market capitalization of all cryptocurrencies increased by $ 2.8 billion from its peak of $ 209.8 billion yesterday and now stands at just under $ 213 billion, as shown by CoinMarketCap.
Revelation: The author holds USDT at the time of writing.
XRP image through Shutterstock
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The leader in blockchain news, CoinDesk is a point of reference that is committed to the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of the Digital Currency Group, which invests in criptovalute and blockchain startups.
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