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Investing.com - XRP was trading at $0.81509 by 19:04 (00:04 GMT) on the Investing.com Index on Saturday, up 10.73% on the day. It was the largest one-day percentage gain since February 7.

The move upwards pushed XRP's market cap up to $38.53480B, or 2.22% of the total cryptocurrency market cap. At its highest, XRP's market cap was $83.44071B.

XRP had traded in a range of $0.80295 to $0.81652 in the previous twenty-four hours.

Over the past seven days, XRP has seen a rise in value, as it gained 12.56%. The volume of XRP traded in the twenty-four hours to time of writing was $3.47091B or 4.25% of the total volume of all cryptocurrencies. It has traded in a range of $0.7041 to $0.8165 in the past 7 days.

At its current price, XRP is still down 75.23% from its all-time high of $3.29 set on January 4, 2018.

Elsewhere in cryptocurrency trading
Bitcoin was last at $38,705.7 on the Investing.com Index, down 1.80% on the day.

Ethereum was trading at $2,557.14 on the Investing.com Index, a loss of 1.89%.

Bitcoin's market cap was last at $736.35818B or 42.51% of the total cryptocurrency market cap, while Ethereum's market cap totaled $306.93788B or 17.72% of the total cryptocurrency market value.

Layer-2 Ethereum scaling solution Polygon has not produced a new block for over 11 hours, with developers attributing the issue to a technical upgrade on the network.

On Thursday at 4:20 pm UTC, Polygon network developers notified users on the project’s forum that there would likely be downtime starting at about 5:50 pm UTC due to maintenance required on one of the network’s three layers. A recent upgrade is thought to have caused an error in the network’s ability to achieve consensus.

A network outage on Polygon has lasted for 11 hours.

According to recent media reports, six European countries, led by Germany, are working on launching an Anti-Money Laundering (AML) body that will include the cryptocurrency market in its purview. Details remain scarce, but it is known that the initiative involves Germany, Spain, Austria, Italy, Luxembourg and the Netherlands. The group is working on “the remit and design” of a new international AML watchdog force that will have a particular emphasis on crypto, and the European Commission — the key executive institution of the European Union — will be the primary platform for the discussion. How will the move affect the European crypto space?

The watchdog’s mandate
The new task force will aim to “cover the riskiest cross-border entities among banks, financial institutions and crypto assets service providers.” At the moment, the initiative still awaits official deliberation. Christian Toms, a partner in law firm Brown Rudnick’s litigation and arbitration practice group in London, noted to Cointelegraph:

Governed by directives
Changes to the regulatory landscape
The hardline scenario

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