Ripple price (XRP/USD) resumes rally on Wednesday afternoon

The digital currency revisits the $0.50 level after overcoming early troubles

Ripple price (XRP/USD) resumes rally on Wednesday afternoon

The Ripple price (XRP/USD) has returned above the $0.50 mark, despite experiencing some troubles in yesterday’s late and today’s early trading.

The digital currency enjoyed a strong start to today’s trading, rising above the $0.50 mark for the first time in 11 days. However, the digital coin could not maintain the positive momentum in subsequent trading, especially in the afternoon, when it saw a couple of price drops. While, Ripple showed enough resilience to stay near the $0.50 during most of the session it finally gave up all of its early gains, due to a late plunge that brought its price down to an intraday low of $0.480. The coin eventually finished the session at $0.485, slightly lower than its opening level of $0.486.

Ripple saw another steep drop in the early hours of today’s trading, falling to as low as $0.475. However, the digital currency has since launched a recovery rally that allowed its price to return above the $0.50 mark. At the time of writing, the Ripple price was hovering around $0.50, according to data from digital currency tracker Coinmarketcap.

Meanwhile, Ripple has seen a notable decrease in terms of trading volumes, with $313.3 million worth of XRP tokens having changed hands in the past 24 hours. This is significantly less than the $410 million generated during yesterday’s session.

Japanese platform Bitbank remains the most popular destination for Ripple trading, having captured 16.6% of the current 24-hour volume.  CoinBene, which has seen a couple of spikes in Ethereum and Ripple volumes over the past few sessions, ranks second with a 11.8% share.

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

In today’s trading, the Ripple price stood at $0.501, as of 14:25 BST. The coin has gained 1.7% in the past 24 hours, Coinmarketcap shows

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