Ripple price (XRP/USD) unable to test $0.50 despite Saturday jump

The digital currency gyrates amid modest trading volumes

Ripple price (XRP/USD) unable to test $0.50 despite Saturday jump

The Ripple price (XRP/USD) has seen failed to return above the $0.50 level despite seeing some strong gains over the weekend.

While the rest of the Saturday session was largely disappointing for Ripple, late trading was marked by a sudden surge, which propelled the Ripple price above the $0.49 barrier. The digital coin closed the session at $0.492, up from an opening level of $0.478.

Ripple experienced a few ups and downs on Sunday, with its price gyrating around the $0.49 mark. The rocky trading hindered Ripple’s momentum, preventing it from testing the $0.50 mark in any meaningful way. The coin rose to as high as $0.494 in the afternoon part of the session, but its price tumbled in the final stages of the session, with a couple of sharp drops negating the impact of the late Saturday drop. According to data from digital currency tracker Coinmarketcap, Ripple finished the Sunday session a $0.477.

While the Ripple price has continued to fluctuate since the start of today’s trading, it has remained locked within a tight range. At the time of writing, the price was hovering around $0.48, having fallen to as low as $0.475 earlier in the session.

Ripple continues to experience modest trading activity. Recent data shows that just over $223 million worth of XRP tokens have changed hands over the past 24 hours. CoinBene has been the most popular destination for XRP trading over that period, having captured just over one-fifth of that volume. This is followed by Binance, which accounts for 13.3% of all trades.

In today’s trading, the Ripple price stood at $0.479, as of 13:06 BST. The digital coin has lost 2.7% of its value in the past 24 hours, Coinmarketcap data shows.

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

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