Ripple price LIVE: XRP pushing towards $30BILLION

THE Ripple price is bouncing back today as XRP enjoys its second day on the rise. Here is the latest news and live updates from Ripple, bitcoin, Ethereum and the rest of the cryptocurrency market.

Ripple’s XRP cryptocurrency is trading at about $0.76 this morning as it looks to recover from a month of heavy losses.

The digital currency’s market capitalisation is now hovering around the $30billion mark and, though it is far below its all time high of $145.5billion, investors will be relieved to see a second day of at least modest gains.

Ripple, the third biggest crypto on the planet, is joined by its closest rivals bitcoin (BTC) and Ethereum (ETH) in the green this morning.

The CoinMarketCap crypto tracker below shows XRP’s price and market cap value in real time.

Bringing you the latest Ripple price updates from CoinMarketCap, CoinDesk and leading crypto experts.

10.16am: Ripple’s market cap pushes over $30billion, according to CoinMarketCap.

9.51am: Ripple slumps back into the red

XRP, and nearly all its major rivals, have dipped in the past hour.

The cryptocurrency market appears to have slumped after a period of growth, though most currencies haven’t depreciated more than 1 percent.

9.15am: Ripple to be supported by Crypto Emporium 

After conducting a Twitter poll, Crypto Emporium has announced that it will soon be supporting XRP.

The crypto-only luxury store said: “After a bright start from Verge, it's Ripple that takes the win. 

“The community has spoken. XRP will be our 4th crypto listed alongside Bitcoin, Litecoin and Ethereum.

“Big things coming for 2018, stay tuned.”

Out of nearly 25,000 respondents, Ripple won 49 percent of the vote.

8.44am: US Federal Reserve considers using Ripple

The Faster Payment Task Force, a group of stakeholders with representatives from organisations across the payments community, are looking at Ripple as a way of increasing payment speeds in the United States.

Ripple was listed as one of 16 possible solutions in a report by the FPTF.

The reports said the cryptocurrency would “allow for originators to see total cost of payment and real-time tracking for low and high-value payments.”

8am: Ripple adds new partnership with Hong Kong firm 

Ripple has announced a business deal with LianLian, in a deal that will allow it to facilitate instant payments to China.

LianLian will use Ripple’s xCurrent service to process real-time cross-border payments on behalf of merchants and consumers, including invoice payments and e-commerce payments, into China.

Emi Yoshikawa, director of joint venture partnerships at Ripple, said: “Cross-border payments related to China’s e-commerce market reached $1.07 trillion in 2017.

“There is a huge opportunity to make these payments quicker and more cost-efficient.

“With RippleNet, LianLian will now be able to provide merchants and consumers with on-demand payments, which they weren’t able to before. We look forward to connecting other RippleNet members to LianLian.”