Ripple price (XRP/USD) stays below $0.50 amid lower volumes

on Oct 9, 2018
Updated: Oct 11, 2019

The Ripple price (XRP/USD) remains stuck below the $.50 mark, despite making a couple of attempts to break through the barrier on Monday.

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Having opened the Monday session at $0.484, the third-largest digital currency on the market enjoyed some early positive price action, with its price rising above the $0.49 mark. However, as the morning session progressed, the digital coin lost its momentum and eventually fell to an intraday low of $0.479. The token made another attempt to rally in the afternoon, this time rising to as high as $0.496, but once again it pulled back in subsequent trading. Still, the coin managed to finish the day in the black, as it closed the session at $0.489.

Despite the somewhat positive Monday finish, Ripple’s had a poor start to today’s session, with its price falling to the low-$0.48 mark. The coin has since continued on a downward trajectory, with its price dropping again to the $0.479 mark. At the time of writing, the Ripple price was hovering around the $0.48 level, according to data from digital currency tracker Coinmarketcap.

Meanwhile, Ripple has seen subdued trading activity on Tuesday. Recent market data shows that some $455 million worth of XRP tokens have changed hands over the past 24 hours. This is significantly lower than the $540-million daily trading volume generated on Monday.

The world’s largest crypto exchange, Binance has captured the largest share of Ripple’s 24-hour volume – just over 18%. Japanese trading platform Bitbank remains a distant second with an 11% share.

In today’s trading, the Ripple price stood at $0.481, as of 12:09 BST. The digital coin has lost 0.4% of its value in the past 24 hours, Coinmarketcap data shows. Its total market cap currently stands at $19.2 billion.

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


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