Ripple price (XRP/USD) slips below $0.70 in rocky Monday session

The cryptocurrency continues to experience subdued trading activity

Ripple price (XRP/USD) slips below $0.70 in rocky Monday session

The Ripple price (XRP/USD) has dropped below the $0.70 mark on Monday, failing to hold gains posted in yesterday’s late afternoon session.

The digital currency enjoyed a mostly positive trading session on Sunday, especially in the afternoon, when it managed to break above the $0.70 mark. However, the cryptocurrency did not have enough momentum to further its advance, which stopped at $0.704. The digital coin finished the session at $0.702, up from its opening level of $0.677.

While Ripple’s performance in today’s trading has been marked by frequent price fluctuations, the cryptocurrency was able to stay around the $0.70 level in the morning part of the session. However, the situation has since changed, as the Ripple price has seen a significant decline in the afternoon. At the time of writing, the Ripple price was hovering around $0.69, according to data from cryptocurrency tracker Coinmarketcap.

Recent data also shows that Ripple continues to experience subdued market activity. Just over $280 million worth of XRP tokens have changed hands in the past 24 hours, which is comparable to the $275.6 million of XRP trades processed by global cryptocurrency exchanges on Sunday.

The world’s largest cryptocurrency exchange, OKEx, has captured 14.9% of the 24-hour volume. Japanese platform Bitbank remains a close second with 14.5%, while South Korea’s Bithumb exchange is the third-most popular XRP trading venue with nearly 12%.

In today’s trading, the Ripple price stood at $0.691, as of 14:01 BST. The digital coin has gained 0.9% in the past 24 hours, Coinmarketcap data shows. The coin’s total market capitalisation currently stands at $27.1 billion, which makes it the third most valuable digital currency on the market, behind Bitcoin (BTC) and Ethereum (ETH).

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

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