The Ripple price (XRP/USD) has dropped below the $0.46 following a sharp drop that occurred in late Wednesday trading.
The third-largest digital currency on the market sent the better part of yesterday’s session defending the $0.46 mark, though it faced growing difficulties in doing so, as the session progressed. While the coin enjoyed a positive start, rising to an intraday high of $0.466 in the early hours of the session, it failed to maintain this positive momentum in subsequent trading. Having declined steadily through most of the day, XRP experienced a sharp drop in late trading, with its price falling to as low as $0.454. Ripple eventually closed at $0.457, lower than its opening level of $0.461.
The Thursday session has so far been relatively quiet, marked by minor price fluctuations, rather than big price movements. At the same time, Ripple has been unable to test the $0.46 mark in any way, as it only managed to touch the $0.458 mark in early trading. At the time of writing, the Ripple price was hovering around $0.455, according to data from digital currency tracker Coinmarketcap.
According to Coinmarketcap, Ripple’s 24-hour volume currently stands at around $266 million. However, this figure does not include the volume generated on ZB.com, Bithumb and some lesser-known crypto exchanges. ZB.com has alone processed XRP trades worth around $159 million over the past 24 hours.
In today’s trading, the Ripple price stood at $0.455, as of 13:09 BST. The digital coin has lost 1.6% of its value in the past 24 hours, Coinmarketcap data shows. The coin’s total market capitalisation currently stands at $18.2 billion.
For further information on how to buy and trade Ripple, see our comprehensive Ripple guide.