Ripple price (XRP/USD) edges lower in mixed Tuesday market

Ripple price (XRP/USD) edges lower in mixed Tuesday market
Written by:
Michael Harris
20th March 2018
Updated: 11th October 2019

The Ripple price (XRP/USD) has edged lower today’s trading, mirroring the performance of other major cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH) and Bitcoin Cash (BCH).

The third-largest digital currency on the market enjoyed a very positive trading session on Monday, during which it returned above the $0.70 mark, after closing at $0.658 in the previous session. The digital coin finished the Monday session at an intraday high of $0.749, which was its highest close since March 13.

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The cryptocurrency has experienced a significant pull-back in today’s trading, after a cryptocurrency recovery trend started to fizzle out. The Ripple price is currently hovering around $0.70, according to data from cryptocurrency tracker Coinmarketcap.

Over the past couple of days Ripple has seen a notable increase in terms of market activity. The digital coin’s trading volume reached $923 million on Sunday and surpassed $1 billion yesterday. The current 24-hour volume data suggests that the market activity has been lower since the start of today’s trading, but it has remained comparable to these levels.

According to Coinmarketcap, about $895 million worth of XRP tokens have exchanged hands over the past 24 hours. A breakdown of this figure reveals that South Korea’s largest cryptocurrency exchange, Bithumb, continues to be the most popular destination for XRP trades. The platform captures over one third of the global market activity, which puts it well ahead of fellow South Korean exchange Upbit, which ranks second with a 12.73% share. The Hong Kong-based trading platform Bitfinex clinches the third place, by capturing 7.7% of all trades.

In today’s trading, the Ripple price stood at $0.707, as of 16:25 GMT. The digital coin has gained 2.2% in the past 24 hours and its total market cap currently stands at $0.707.

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

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