The third-largest digital currency on the market, XRP, experienced some nervous trading yesterday, as with its price seeing frequent swings throughout the day. The coin surged during the early hours of the session, rising to an intraday high of $0.409. However, this turned out to be just a temporary spike, as the coin quickly ceded its early gains. While XRP spent the better part of the rest of the session hovering around the $0.40 mark, it did see another big spike in late trading and eventually finished the day at $0.408, up from its opening price of $0.400.
However, that spike didn’t have a lasting effect on the XRP price either, as the coin pulled back toward the $0.40 mark in the opening hours of today’s session and even dropped below that level in late morning trading. At the time of writing, the XRP price was hovering around the $0.395 mark, according to data from digital currency tracker Coinmarketcap.
In other XRP-related news, Ripple, the San Francisco-based start-up that developed the token, has invested more $500…