Ripple's XRP is up more than 50% from this week's low

CoinMarketCap.com
  • XRP, the cryptocurrency made by Ripple for international money transfers, is trading around $US0.90 a coin, up about 60% from its low of $US0.56 hit less than a week ago.
  • The third-largest cryptocurrency has had an exhausting February, beginning the month with a dramatic plunge. XRP is currently trading at less than a third of its all-time high of $US3.31, set just after the new year.
  • Ripple, which uses XRP to power its cross-border liquidity and settlement products, has tried to quell some of the intense volatility through a three-part series about its vision and strategy. Still, speculative investment on cryptocurrency exchanges has continued to drive wild price swings for XRP.
  • Ripple now boasts 100 customers, with 75 deploying Ripple products commercially, according to its website, including banks like Santander and Standard Chartered, as well as payments firms like MoneyGram.
  • You can track the price of XRP in real-time here>>

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.