The Ripple price (XRP/USD) has seen some modest gains in the past 24 hours, despite having to endure some rocky trading over the period.
The third-largest digital currency on the market made a number of attempts to advance during yesterday’s session, but it appeared to be lacking momentum, which prevented it from achieving any significant gains. During most of the session the coin toggled back and forth between defending the $0.32 level and trying to break through the $0.325 barrier. In the final hours of the trading the coin hit an intraday low of $0.319. However, this was immediately followed by a sharp rebound that led Ripple’s largest gain for the day. The coin jumped to an intraday high of $0.328, before closing at $0.327, up from its opening level of $0.319. The late surge mirrored a similar jump in the price of the No. 1 digital currency, Bitcoin.
The Ripple price has continued to fluctuate in today’s session. The price has edged lower, but has remained above the $0.32 level.
Meanwhile, Ripple continue to suffer from subdued market activity. Yesterday, the coin saw a daily trading volume of $217.5 million, which was considerably lower than the previous session’s $286.8 million. Recent market data shows that the coin’s 24-hour volume currently stands at $220 million, which suggests that the market improvement hasn’t improved in today’s session. Huobi has the largest contribution to the volume, having captured 18.6% of all trades. Huobi’s larger rival Binance remains second with a 13.8% share.
In today’s trading, the Ripple price stood at $0.326, as of 12:42 BST. The digital coin has gained 1.5% in the past 24 hours, according to data from digital currency tracker Coinmarketcap. The coin’s market capitalisation currently stands at nearly $13 billion.
For further information on how to buy and trade Ripple, see our comprehensive Ripple guide.