The third-largest cryptocurrency on the market, XRP, has seen solid gains over the past 24 hours, bouncing back from recent lows and reclaiming the $0.30 level.

Bounce back

The digital coin struggled throughout much of last week, especially during the cryptocurrency sell-off that followed last Thursday’s revelation that New York prosecutors had alleged that digital currency exchange Bitfinex had used Tether funds to cover an $850-million loss. XRP fell to a near three-month low of $0.287 following the news and spent the next few sessions mostly trading below the $0.30 level, with occasional price jumps sending it briefly above that mark. The tables finally turned this Tuesday, allowing XRP to notch up its first close above $0.30 since April 24. The coin finished the session at $0.309, well above its opening price of $0.294.

Tough month

XRP underperformed the wider digital currency market in April, even though it took part in the cryptocurrency rally that marked the first few days of the month. The coin rose to as high as…

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