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Ripple price (XRP/USD) falls as crypto rebound comes to halt

on Mar 12, 2018
Updated: Oct 11, 2019
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The Ripple price (XRP/USD) has fallen on Monday as the cryptocurrency market has seemingly hit a wall in today’s afternoon session.

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The third-largest cryptocurrency on the market posted solid gains on Sunday amid an uptrend observed across the wider digital currency market. While the digital coin experienced some ups and downs during the session, it eventually finished the day at $0.831, up from its opening level of $0.795.

Despite yesterday’s gains, Ripple has shown weakness on Monday. In today’s morning session the coin was trading around the level of yesterday’s close, underperforming major rivals such as Bitcoin and Ethereum. The performance worsened in the afternoon, as the larger cryptocurrency uptrend came to a halt.

According to data from cryptocurrency tracker Coinmarketcap, the Ripple price is currently hovering around $0.81.

Ripple’s price decrease coincides with a notable decline in terms of market activity. The data shows that, over the past 24 hours, about $370 million worth of XRP tokes have exchanged hands worldwide. This is significantly less than the Sunday’s trading volume of $472 billion.

South Korea continues to be the biggest driver of XRP trading, with the country’s four leading platforms – Bithumb, Upbit, Coinone and Corbit – accounting for nearly 44% of the current 24-hour volume. Bithumb, alone, accounts for more than a quarter of the global market activity.

In today’s trading, the Ripple price stood at $0.808, as of 15:40 GMT. The digital currency has lost 1.2% of its value in the past 24 hours.

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

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