Ripple price (XRP/USD) swings between gains and losses on Thursday

South Korean crypto exchange giant Coinone to use xCurrent

Ripple price (XRP/USD) swings between gains and losses on Thursday

Ripple (XRP) has experienced significant volatility in the past 24 hours, with its price wobbling in a tight range around the $0.80 mark.

The digital currency had a difficult session yesterday, swinging between gains and losses. The digital coin fell to as low as $0.770 in the early hours of the session, which was its lowest price level since April 19. Ripple later rebounded, rising to an intraday high of $0.819, before finishing the session at $0.802.

The cryptocurrency’s performance has followed a similar pattern in today’s trading. Ripple has seen multiple ups and downs so far in the session and its price is currently hovering just above the $0.80 level, according to data from cryptocurrency tracker Coinmarketcap.

Ripple, the San Francisco-based start-up behind the cryptocurrency, announced earlier this week that Coinone Transfer, a remittance-focused subsidiary of major South Korean exchange Coinone, had joined RippleNet and would use the US firm’s blockchain solution for cross-border payments and settlement, xCurrent.

“We are proud to be the first digital exchange in Korea to join RippleNet and implement Ripple’s xCurrent solution,” said Wonhee Shin, chief executive officer of Coinone Transfer. “Ripple’s xCurrent solution will revolutionize the lives of our customers by providing them with a real-time, low-cost global remittance service.”

Ripple’s director of joint venture partnerships Emi Yoshikawa said that the company was looking forward to working with Coinone Transfer on implementing xCurrent as “the technology underpinning their new, state-of-the-art remittance service”.

In today’s trading, the Ripple price stood at $0.803, as of 14:57 BST. The digital coin has lost 0.1% of its value in the past 24 hours, Coinmarketcap data shows. Its total market capitalisation of currently stands at nearly $31.5 billion, which makes it the third-largest cryptocurrency on the market.

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

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