The Ripple price (XRP/USD) has edged lower amid frequent fluctuations that have prevented it from gaining momentum.
The second-largest digital currency on the market enjoyed some positive price action in early Monday trading, with its price rising to an intraday high of $0.388. However, the digital coin couldn’t maintain this positive momentum as its performance was hindered by frequent price fluctuations. The Ripple price eventually gave up to the selling pressure and this resulted in a big plunge in the afternoon. The coin dropped to as low as $0.342, before eventually closing the session at $0.355. This was significantly below the coin’s opening price of $0.375.
Ripple has edged lower in today’s trading amid continued price fluctuations. Following a nervous early trading, the coin enjoyed a short respite, during which it was able to advance to an intraday high of $0.357. However, this was immediately followed by a steep pull-back that saw Ripple touching its Monday low. At the time of writing, the Ripple price was hovering around $0.35, according to data from digital currency tracker Coinmarketcap.
In other XRP news, the coin seems poised to beat its longest stretch as the world’s second-largest digital currency by market capitalisation. Ripple overtook Ethereum (ETH) in the wake of the cryptocurrency market cash on November 15, meaning that the coin has held the second place for 12 days. As noted by industry website Coindesk, Ripple’s longest stretch as No. 2 was recorded in early 2016, when the coin held the position for 13 days.
In today’s trading, the Ripple price stood at $0.347, as of 13:46 GMT. The digital coin has lost 4.9% of its value in the past 24 hours, Coinmarketcap data shows. Its total market cap currently stands at just over $14 billion.
For further information on how to buy and trade Ripple, see our comprehensive Ripple guide.