The third-largest digital currency, XRP, has gained nearly 20% over the past 24 hours, benefiting from a strong market sentiment and a couple of recent positive developments.

XRP soars on Tuesday morning

The digital coin traded mostly sideways yesterday, hovering around the $0.32 mark. The coin did experience some positive action during the final hours of the session, when it managed to rise to as high as $0.33. The coin eventually finished the session at $0.325, up from its opening price of $0.310.

XRP surged sharply during the opening hours of today’s trading, rallying toward the $0.40 mark. The coin hit a near five-month high of $0.394, as part of its early surge. Its advance has cooled down in subsequent trading and the coin is currently hovering around the $0.385 mark.

Upbreat market

XRP’s advance has coincided with a strong uptrend, observed across the broader digital currency market. Most major altcoins, including Ethereum (ETH), Litecoin (LTC) and EOS have seen significant gains over the past 24 hours. Meanwhile, the…

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