Ripple price (XRP/USD) falls amid weaker market activity

The Ripple price (XRP/USD) has edged lower on Thursday, unable to maintain the strong positive momentum it enjoyed in the previous session.

The third-largest digital currency on the market had a successful trading session yesterday, especially in the afternoon, when it rose above the $0.37 mark. In the final hours of the session Ripple hit a four-day high of $0.378, before finishing the session at $0.375. This was well above XRP’s opening level of $0.365.

However, the cryptocurrency could not maintain the positive momentum in today’s morning session. It suffered a steep decline in early trading, dipping below the $0.37 mark. The coin continued to fall for the rest of the morning session, dropping to a low as $0.363. The coin managed to stop its descend in the early afternoon and is currently hovering around $0.365.

Yesterday’s rally was supported by stronger market activity, as shown by the coin’s daily trading volume, which reached $543 million on Wednesday, almost $100 million higher than the volume generated in the preceding session. In comparison, today’s market activity has been subdued.

According to recent market data, some $515 million worth of XRP tokens have changed hands over the past 24 hours. ZB.com remains the most popular destination for Ripple trading, having captured 11.5% of all trades over that period. Japanese trading platform Bitbank ranks second with an 8.7% share. The world’s largest crypto exchange, Binance, has captured 8.3% of the 24-hour volume.

In today’s trading, the Ripple price stood at $0.365, as of 13:56 GMT. The digital coin has lost 0.4% of its value in the past 24 hours, according to data from digital currency tracker Coinmarketcap. The coin’s total market cap currently stands at $14.9 billion.

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