The price of the third largest cryptocurrency by market cap jumped 9 percent earlier today to reach its highest total in the past 30 days. Currently, XRP is trading at $0.5 with a market cap of over $20 billion. The price change represents a 9.78 percent gain according to data from coinmarketcap.com.
It Has Been Over 30 Days Since XRP Traded Above $0.5
The gains make XRP the biggest winner among the top 10 crypto coins by market cap. The currency has gained over 12 percent over the past one week according to coinmarketcap.com. One would have to go back to October 6th to find the last day when XRP traded above $0.5, more specifically at $0.52.
Its market capitalization has also risen to reach over $2.1 billion over the same period. It’s something that has helped reverse most of the losses that have been experienced over the past four months.
According to data from coinmarketcap.com, Ripple’s native coin was up 144 percent year over year after doubling from $0.20. However, in 2018, its price has dropped by 82 percent from its all-time high of $3.95.
Taking a look at the other top ten cryptocurrencies, most seem to be doing well as of the time of writing.
Bitcoin Cash is second with a 3.35 percent gain over the same period. The coin is currently trading at $561 with a market cap of $9.7 billion. The increases are expected to continue for BCC given that there is an upcoming fork which is scheduled for November 15.
Cardano, number eight on the crypto charts by market cap is also up by 3.12 percent over the past 24 hours. ADA is currently trading at $0.077 with a market cap of over $2 billion.
Outside the top ten cryptocurrencies, things don’t look so good for most crypto coins. A few coins are experiencing slight gains of between 1-2 percent; however, the majority are in the red zone, many have loses that range from 1-6 percent over the past 24 hours.
Basil has three years of freelance experience writing on disruptive technologies. He focuses on breaking news and education pieces; helping to spread the gospel of Blockchain. He hopes to have his own blockchain company one day; helping the world through its innovative ledger technology.