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XRP Price Bucks Bearish Market Mood to Hit 13-Day High

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XRP is reporting double-digit gains today, despite a generally bearish mood across the wider crypto markets.

The open-source token – which is developed largely by blockchain payments startup Ripple – was changing hands at $0.3251 at press time, having hit a 13-day high of $0.3241 at 14:00 UTC.

The world's third-largest cryptocurrency by market capitalization has appreciated by 17 percent in the last 24 hours and is the second best-performing cryptocurrency among top 100 cryptocurrencies on CoinMarketCap.

A major part of the rally, though, materialized in the couple of hours before publication – a surprising move, as the broader market is looking very risk averse. For instance, bitcoin is down 1 percent at $6,370, while 81 out of top 100 cryptocurrencies by market capitalization are reporting losses.

Some in the investor community are associating XRP's gains with reports stating that Ripple's xRapid product –

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ETH and XRP See Major Boost Amid Checkered Market Outlook

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Tuesday, September 18: while the wider crypto markets remain shaky, Ripple (XRP) has today seen a major price boost, and Ethereum (ETH) has also strongly rebounded from recent losses, as data from Coin360 shows.

Market visualization by Coin360

Having settled to circle the $6,500 mark towards the end of last week, Bitcoin (BTC) has subsequently seen some volatility, plummeting below the $6,300 point yesterday.

The top coin is now trading around $6,356 to press time, seeing negligible percentage change over the 24 hour period. On the week, Bitcoin is up 0.65 percent, with losses on the month now at 3.5 percent.

Bitcoin 7-day price chart. Source: Cointelegraph Bitcoin Price Index

Ethereum (ETH) has seen a volatile 24-hours, plunging as low as $194 yesterday to reverse recent gains, only to recover rapidly today to peak as high as $212 within a two-hour time span. Ethereum’s ascent has tempered off