Ripple, meanwhile, continued to scale the charts with little resistance. The ripple price rose 15 percent for the day, reaching $2.46 on cryptocurrency exchange Bittrex and ascending to a global average of $2.77. Ripple now has a market cap of $107.2 billion, making it just the second cryptocurrency to cross the $100 billion threshold.
Ripple’s surge came just as the markets took the wind out of ethereum’s sails. Earlier this week, the third-largest cryptocurrency appeared poised to race back ahead of ripple on the market cap charts, but the ethereum price traded sideways on Wednesday. At present, the ethereum price is trading at a global average of $885, which translates into an $85.7 billion market cap and places ethereum more than $21 billion behind ripple.
