Ripple climbs 1%, resuming weekly gains

Ripple rose over one percent on Wednesday, resuming weekly gains which made it the second biggest cryptocurrency anew, which comes following the worst weekly performance in a month last week. 

As of 06:41 GMT, Ripple rose 1.14% to $0.33501, with an intraday high at $0.34188, and a low at $0.32890, with Ripple's market value amounting to $13.59 billion. 

Ripple rebounded 6% earlier this week, after marking a 15% loss last week after the Ethereum Classic's network suffered a $1 million security breach. 

Bloomberg recently reported that an ECB member warned that the crypto bubble is starting to already burst. 

Ardo Hansson, governor of Estonia's central bank warned that cryptocurrency are heading to an end, with the world currently witenssing "the collapse" according to him.

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.