Ripple was a big mover this Friday as the company saw its XRP price rise nearly 13-percent ahead of the European market open.
The XRP-to-dollar rate today established an intraday high towards $0.372 at about 0515 UTC. Earlier the same day, the pair was moving downwards in a massive bearish correction wave that confirmed a reversal upon testing 0.329. The bounce back move came on a substantial volume with far more XRP changing hands against Tether’s stablecoin USDT, South Korean Won, and Bitcoin’s BTC.
RIPPLE’S XRP PRICE JUMPS OVER 13-PERCENT IN INTRADAY CORRECTION | SOURCE: COINMARKETCAP.COM
Data on CoinMarketCap.com reported that XRP-enabled pairs conducted $2.351 billion worth of trades in the past 24 hours. At the same time, Yahoo Finance noted the same volume was around $49.84 million on a real-time basis.
Reference:
https://www.ccn.com/xrp-swells-13-06-in-a-sharp-recovery-as-ripple-etps-take-off
