Ripple climbed one percent away from November 26 lows on limited short-covering after a violent selloff wave. 

As of 08:32 GMT, Ripple climbed 1.25% to $0.35384, with a session-high at $0.36851, and a two-week low at $0.3400, with Ripple's market value amounting to $14.28 billion. 

Ripple rose for the first time in three days on short-covering after tumbling over 6% on Monday, erasing the gains made in the weekend. 

The Group of 20 has pledged on Friday after the Argentinean summit to regulate crypto trading in order to combat money laundering and terrorism funding. 

Earlier this month, International Monetary Fund head Christine Lagarde suggested on global central banks and their respective governments the possibility of issuing their own digital currencies to make them more stable and controlled and accessible for all sectors instead of the current mayhem in that market. 

Lagarde believes that payments through digital currencies would be instant, safe, and cheap, and while they would be anonymous, central banks will keep a database of all payments, cutting out fraud and money laundering operations. 

The Path of Ripple

It's worth mentioning that Ripple was first launched on March 7, 2015, to start trading at $0.015, with the virtual currency losing nearly two thirds of its value by early 2016 to $0.0059, before rising 5% during 2016 to $0.0063, and then skyrocketing 28,000% to $1.748 by the end of 2017, before marking unprecedented highs in January at $3.30, then losing up to 90% of value on a violent selloff wave that stormed crypto assets this year. 

Ripple then reversed nearly 80% higher in only a few days in September on positive news for the cryptocurrency and its standing between major financial institutions, before joining a mass decline in the crypto market in recent days and weeks. 

Silver futures rose nearly one percent in Asian trade to November 5 highs, as the dollar index backed off November 13 highs for the fourth session out of five, in a day that lacks major data releases from the US. 

As of 07:55 GMT, silver futures due in March rose 0.77% to $14.61 an ounce, marking month highs, while the dollar index shed 0.08% to 96.96, plumbing November 22 lows. 

Federal Reserve Bank of New York President John Williams isheld a press conference about local employment and labor force trends at the Federal Reserve Bank of New York, earlier today.  

A scheduled Congress testimony by Fed Chair Jerome Powell tomorrow Wednesday was delayed after President Donald Trump declared the day an official holiday in honor of late President George H.W Bush. 

Later this week, Powell will speak about the economy and rural America at the Housing Assistance Council's annual event, in Washington DC, while the payrolls report is expected to show no change in the unemployment rate at 3.7%. 

On Sunday, the White House released a statement of the dinner attended by world leaders at the G20 Summit, with both President Donald Trump and Xiu Jinping discussing the trade dispute between the two countries. 

The statement noted that Trump agreed to hold off raising tariffs on $200 billion worth of Chinese product by January 2019, as US and Chinese officials will continue to negotiate the hanging trade issues in the next 90 days. 

Trump and Jinping reached an agreement to hold off the reciprocal tariffs for three months until negotiations progress far enough. 

Otherwise, the Federal Open Market Committee's minutes for the November 7-8 meeting indicated another rate hike soon enough, while policymakers discussed the appropriate timeline to halt hikes and the path of policy tightening. 

Oil futures rose in American trade with US crude climbing off October 2017 lows, while Brent rebounded from the same month, as the dollar index fell off November 13 highs in a day that lacks major data releases from the US. 

As of 07:32 GMT, US crude futures due in January rallied 0.70% to $53.32 a barrel, while Brent February futures advanced 0.79% to $62.18 a barrel, as the dollar index shed 0.07% to 96.97 off three-week highs. 

UAE oil minister and current President of OPEC Suhail Al Mazroui said OPEC aims to balance and stabilize prices, noting the importance of reaching consensus between all members of the organization, and asserting the need to cut market supplies. 

Saudi oil minister Khalid Al Falih said it's too early to say OPEC will cut output next year, adding to agreement has been reached on the size of such a potential cut. 

He added that Russia's position is the only hurdle to reach an agreement, with OPEC expected to delay a decision if Russia refused a large-scale production cut. 

On another note on Sunday, the White House released a statement of the dinner attended by world leaders at the G20 Summit, with both President Donald Trump and Xiu Jinping discussing the trade dispute between the two countries. 

The statement noted that Trump agreed to hold off raising tariffs on $200 billion worth of Chinese product by January 2019, as US and Chinese officials will continue to negotiate the hanging trade issues in the next 90 days. 

Trump and Jinping reached an agreement to hold off the reciprocal tariffs for three months until negotiations progress far enough. 

US output rose to a record 11.7 million bpd last month month, making America the world's top producer. 

Iran Sanctions 

Otherwise, as US sanctions went into effect on Iranian oil exports starting November 4, eight countries were granted waivers for 180 days, mainly China, India, South Korea, Japan, Italy, Greece, Taiwan, and Turkey, already the largest importers of Iranian oil. 

Sterling declined in American trade against the dollar to June 22 lows, following a spate of data from Britain and amid a lack thereof from the US today. 

As of 06:31 GMT, GBP/USD traded at 1.2728, with a session-high at 1.2840, and a low at 1.2659. 

Bank of England Governor Mark Carney testified before Parliament on Brexit, where he noted the banks are ready for the anticipated exit.

Carney added that while the pound experienced sharp swings recently, it's not expected to be as catastrophic again. 

Earlier UK data showed the construction PMI rose to 53.4 from 53.2 in October, while analysts expected 52.5. 

Federal Reserve Bank of New York President John Williams isheld a press conference about local employment and labor force trends at the Federal Reserve Bank of New York, earlier today.  

A scheduled Congress testimony by Fed Chair Jerome Powell tomorrow Wednesday was delayed after President Donald Trump declared the day an official holiday in honor of late President George H.W Bush. 

Later this week, Powell will speak about the economy and rural America at the Housing Assistance Council's annual event, in Washington DC, while the payrolls report is expected to show no change in the unemployment rate at 3.7%.