Ripple price (XRP/USD) edges lower on Monday as recovery stalls

The third-largest crypto cools down after rebound from fresh 2018 lows

Ripple price (XRP/USD) edges lower on Monday as recovery stalls

The Ripple price (XRP/USD) has bounced back after hitting a new 2018 low on Friday.

Like many of its crypto peers, the third-largest digital currency on the market had a difficult Friday session, falling to as low as $0.427. This was Ripple’s lowest price level since December 13, according to data from cryptocurrency tracker Coinmarketcap. However, Ripple bounced back in the latter part of the session, amid a market-wider recovery. The coin finished the session at $0.453, up from its opening level of $0.448.

Ripple used this momentum to extend its gains on Saturday, with its price hitting a four-day high of $0.480 in the early hours of the session. It pulled back in subsequent trading, finishing the day at $0.466. The Sunday session was relatively quiet, with the Ripple price mostly holding above the $0.46 mark.

Ripple has seen some pullback in today’s session, which has been consistent with a larger trend affecting the crypto market. The digital currency fell to an intraday low of $0.453 in the morning session, but has since managed to recover some of its losses. At the time of writing, the Ripple price was hovering just below $0.46.

Ripple’s has seen stronger trading activity in the past three days, especially on Friday and Saturday, when the trading volumes exceeded $300 million globally. Today the market activity has been subdued, judging by the coin’s 24-hour volume. Recent market data shows that just over $230 million worth of XRP tokens have changed hands over the past 24 hours. Interestingly, a lesser known crypto exchange called CoinBene has captured the largest share of that volume – 15.8%. This is the same exchange that saw a huge surge in ETH volumes just a few days ago.

In today’s trading, the Ripple price stood at $0.457, as of 13:35 BST. The digital coin has lot 0.3% of its value in the past 24 hours.

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

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