The Ripple price (XRP/USD) has seen some ups and downs in today’s trading, but has now seemingly stabilised above the $0.49 mark.
While the digital currency experienced some difficulties in yesterday’s early trading, falling to an intraday low of $0.475, it managed to gain significant momentum in subsequent trading. Ripple also benefited from a market-wide upswing in the afternoon, which allowed it to revisit the $0.50 level it had topped in the previous session. However, the coin failed to defend that level in the final hours of the session and pulled back to a close of $0.490, which was still higher than its opening level of $0.485.
Ripple declined further in the early hours of today’s trading, with its price dropping to as low as $0.486. The coin experienced some price swings in the morning session, but eventually managed to stabilise around the level of yesterday’s close.
Recent market data suggests that Ripple has seen a slight drop in terms of trading volume, with just over $295 million worth of XRP tokens having changed hands over the past 24 hours. The coin saw trading volumes of around $313 million on Wednesday.
Japanese crypto exchange Bitbank remains the most popular destination for Ripple trading, having captured just over 15% of the 24-hour volume. It is followed closely by the world’s largest crypto exchange, Binance, which accounts for just over 14% of the global market activity.
In today’s trading, the Ripple price stood at $0.490, as of 13:52 BST. The digital coin has been little-changed over the past 24 hours, according to data from cryptocurrency tracker Coinmarketcap. Ripple currently has total market capitalisation of $19.2 billion, which makes it the third most valuable digital currency on the market.
For further information on how to buy and trade Ripple, see our comprehensive Ripple guide.