Analysis Editor's Picks

The XRP exchange rate has exceeded 50 cents

The rate of XRP, the third largest cryptocurrency by market capitalization, yesterday reached a maximum of 30 days. For the first time since October 8, the Ripple price was around $0.50.

The growth rate of the Ripple

At the time of writing, the XRP shows the best dynamics in the top 10: +8.7% over the last 24 hours. For the week, the cryptocurrency has risen more than 11%. XRP’s market capitalization reached $20 billion Thus, bitcoin has managed to recover after a hard 4 months and come to the July levels.

Compared to the same period last year, XRP has risen by 144% (in November 2017 course Ripple was around $0.20). Nevertheless, cryptocurrency is still 82% cheaper than the maximum level reached in January — $3.95.

Market recovery

XRP has become one of the many cryptocurrency, jumped in price in the result of yesterday’s recovery of the cryptocurrency market. Major coins like Bitcoin and Cardano, rose by 1-2%, while BasicAttentionToken (BAT) and zcash for increased in price by 4-8%. The total cryptocurrency market capitalization is $213 billion.

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