Ripple price (XRP/USD) rises on Tuesday, but fails to hold above $0.21

The fourth-largest cryptocurrency on the market is hovering near the elusive level amid solid trading levels, driven by South Korean exchanges

Ripple price (XRP/USD) rises on Tuesday, but fails to hold above $0.21

The Ripple price (XRP/USD) has seen a modest increase in today’s trading, but the gains could not sustain a break above the $0.21 level.

Earlier today, the fourth-largest cryptocurrency on the market leaped to an intraday high of $0.213, but it quickly retreated to lower levels. At the time of writing, the Ripple price was hovering around $0.207, up from its yesterday close of $0.203.

Since the beginning of this month Ripple has seen an improvement in terms of market activity, compared to the last week of October. Daily trading volumes have regularly surpassed $100 million and it seems that the trend will continue in today’s session. According to data from cryptocurrency tracker Coinmarketcap, some $136 million worth of XRP tokens have exchanged hands over the past 24 hours. This is comparable with the trading volume that was realised during yesterday’s session.

Once again, South Korea’s leading cryptocurrency exchange, Bithumb, is the most popular destination among Ripple traders. The trading platform accounts for nearly 48% of XRP’s 24-hour trading volume. Further cementing the dominance of the Korean won, Bithumb’s local rivals Korbit and Coinone capture 10.2% and 8.8% of the global market activity, respectively.

In today’s trading, the Ripple price stood at $0.207, as of 15:16 GMT. The cryptocurrency has gained 2.6% over the past 24 hours, Coinmarket data shows. Its total market capitalisation currently stands at just over $8 billion.

For further information on how to buy and trade Ripple, see our comprehensive Ripple guide.

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