Ripple rises 1% for first time in three sessions

Ripple rose 1%, or 0.01% on Monday after dipping on short-covering in the weekend, with investment demand recovering broadly on cryptocurrencies at the start of the second quarter. 

Ad of 07:20 GMT, ripple rose 0.82% to $0.86930 from the opening of $0.86155, with a session-high at $0.88726, and a low at $0.8450, with ripple's market value now amounting to $87.3 billion. 

In a piece of positive news, global investment bank Barclays is reviewing the possibility of launching a cryptocurrency trading platform, especially after initial assessments showed interest from clients to trade in cryptocurrencies. 

Last week, The European Parliament voted to regulate cryptocurrency exchanges while preparing measures to prevent illegal use of the new business to fund terrorism or in money laundering. 

574 members voted for the new bill, with 13 against and 60 abstaining. 

The bill aims to solve some of the issues on identity behind exchanges by imposing specific measures on foreign platforms and wallet holders to have official registration and vet their clients.