Ripple price (XRP/USD) defends Tuesday gains amid crypto rally

The Ripple price (XRP/USD) has edged higher on Wednesday amid an uptrend observed across the wider crypto market.

Like many of its crypto rivals, Ripple has enjoyed a positive start to 2019, although its performance has been overshadowed by other digital coins, such as Ethereum (ETH), Litecoin (LTC) and IOTA (MIOTA). Regardless, Ripple had a solid performance on Tuesday, with its price rising steadily throughout the session. The coin finished the day at an intraday high of $0.364, which was well above its opening level of $0.352.

While XRP has seen further gains on Wednesday, its advance has slowed down significantly. The coin briefly dropped below $0.36 in the morning session, but it has since managed to return above the level of its Tuesday close. At the time of writing, the Ripple price was hovering slightly below $0.37, according to data from digital currency tracker Coinmarketcap.

In terms of market activity, Ripple’s daily trading volume has stayed consistently around $500 million in the past few sessions. The coin’s current 24 hour trading volume suggests that XRP is seeing similar levels of market activity on Wednesday. Recent market data shows that some $498 million worth of XRP tokens have changed hands over the past 24 hours. ZB.com has been the most popular destination for Ripple trading, having captured 10.8% of the all trades over that period. Japanese trading platform Bitbank remains second with a 7.9% share.

In today’s trading, the Ripple price stood at $0.366, as of 16:05 GMT. The digital coin has gained 3.4% in the past 24 hours, Coinmarketcap data shows. The coin currently has a total market cap of nearly $15 billion, which makes it the third-largest digital coin on the market after Bitcoin (BTC) and Ethereum.

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