Ripple price (XRP/USD) continues its advance in Wednesday trading

on Nov 15, 2017
Updated: Oct 11, 2019

The Ripple price (XRP/USD) has seen a steady increase in today’s trading, amid a wider rally affecting many of its chief competitors in the crypto space. The fourth-largest cryptocurrency on the market is trying to build upon its positive performance on Tuesday, when it rose from an opening level of $0.203 to a close of $0.209. The Ripple price is currently hovering just above the $0.210 level, which has repelled many of Ripple’s attempts to advance in recent weeks.

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According to data from cryptocurrency tracker Coinmarketcap, Ripple has gained 1.8% in the last 24 hours and is actually lagging behind some of its peers, such as Litecoin (LTC) and IOTA, which have advanced more in that period. At the same time XRP is keeping up with Ethereum (ETH), DASH and NEO and outpacing the likes of Bitcoin Cash and Monero (XMR), which have struggled in today’s trading.

Ripple’s chances to advance even further may have been hindered by thinner trading volumes. According to Coinmarketcap, some $95 million worth of XRP tokens have been traded in the past 24 hours, which represents a notable decrease, given that yesterday the coin’s daily trading volume reached $127 million.

South Korea’s Bithumb exchange accounts for just over 40% of all XRP trades that have taken place in the past 24 hours. US-based trading platform Poloniex is a distant second with 9.9%.

In today’s trading, the Ripple price stood at $0.210, as of 15:09 GMT. The cryptocurrency’s total market cap currently stands at $8.1 billion.

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


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