The Ripple price (XRP/USD) has reclaimed the $0.45 level on Thursday amid significant increase in trading volumes.
The third-largest digital currency on the market had a mostly quiet session on Wednesday, with its price hovering in the $0.440-$0.445 area during the morning trading. Following the quiet morning session, however, Ripple made a couple of big moves in the early afternoon. Firstly, the digital coin dropped below the $0.44 mark, hitting an intraday high of $0.438. However, this was followed by a swift rebound, which put Ripple within striking distance of the $0.45 mark. The coin eventually finished the session at $0.448, up from its opening price of $0.445.
Ripple managed to break above the $0.45 barrier in today’ early trading, thanks to another sharp increase. The coin rose to an intraday high of $0.456, as part of the spike, according to data from digital currency tracker Coinmarketcap. While the Ripple price has since pulled back to lower levels, it has so far managed to hold above the $0.45 mark.
At the same time, Ripple has seen significant increase in term of trading volumes. According to recent market data, some $433 million worth of XRP tokens have changed hands over the past 24 hours. This is significantly higher than the $367 million generated on global crypto exchanges during yesterday’s trading (which was already a big improvement from the $245 million seen on Tuesday).
Nearly a third of Ripple’s current 24-hour volume has been generated on the Hong Kong-based ZB.com exchange.
In today’s trading, the Ripple price stood at $0.451, as of 13:15 BST. The digital coin has gained 2.1% in the past 24 hours, Coinmarketcap data shows. The coin’s total market cap currently stands at $18.1 billion.
For further information on how to buy and trade Ripple, see our comprehensive Ripple guide.