The Ripple price (BTC/USD) has seen little change in today’s trading, though it has so far managed to defend the $0.70 mark and move slightly up from yesterday’s close.
The cryptocurrency experienced a significant uptick in the latter part of yesterday’s trading, benefiting from a strong uptrend that lifted the wider crypto market. However, the digital coin could not sustain the rally in the final hours of the session and finished the day at $0.709, down from its intraday high of $0.736.
Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.
The Ripple price has remained relatively stable in today’s trading, despite edging lower earlier in the session. According to data from cryptocurrency tracker Coinmarketcap, the price is currently hovering around $0.71.
Meanwhile, the cryptocurrency has experienced a notable decline in terms of market activity. Coinmarketcap data shows that just over $600 million worth of XRP tokens have exchanged hands over the past 24 hours. The cryptocurrency’s daily volume reached $814 million on Tuesday.
Global trading continues to be dominated by South Korean exchanges, with Bithumb and Upbit leading the charge. The largest South Korean crypto exchange captures just over a quarter of the current 24-hour volume, while Upbit ranks second with 12.5%. The duo is followed by a number by a couple of Chinese platforms, Binance (7.5%) and Huobi (7.2%), the Hong Kong-based Bitfinex (8.1%) and Japan’s Bitbank (6.1%).
In today’s trading, the Ripple price stood at $0.711, as of 15:46 GMT. The digital currency has gained 1.7% in the past 24 hours, according to data from Coinmarketcap. Its total market capitalisation currently stands at $27.8 billion, which makes it the third-largest digital currency on the market, behind Bitcoin (BTC) and Ethereum (ETH).