Ripple price (XRP/USD) edges lower amid thin volumes on Friday

The Ripple price (XRP/USD) has edged lower on Friday despite seeing some positive action in the early session.

The third-largest digital currency on the market saw significant losses amid some challenging trading on Thursday. The digital coin started the session at $0.374, which turned out to be its intraday high. The coin gave up the $0.37 mark in the early hours of the session, which marked the beginning of a steep decline that resulted in an intraday low of $0.357. The coin eventually finished the session at $0.360, according to data from digital currency tracker Coinmarketcap.

Ripple had a promising start to today’s session, with its price rising to as high as $0.364 in early trading. However, the coin’s rally ran out of steam rather quickly, causing XRP to lose all of its early progress in subsequent trading. At the time of writing, the Ripple price was hovering below the $0.36 mark.

Meanwhile, the market activity for Ripple continues to be subdued, as shown by the coin’s 24-hour volume. Yesterday, XRP posted daily trading volume of $438.8 million, which was significantly lower than the $543.2 million generated in the preceding session. According to recent market data, around $427 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 12.2% of the 24-hour volume. Japanese crypto trading platform Bitbank ranks second with a 7.6% share, while Binance is third with 7.2%.

In today’s trading, the Ripple price stood at $0.358, as of 14:11 GMT. The digital coin has lost nearly 2% of its value in the past 24 hours, Coinmarketcap data shows. The coin’s total market cap currently stands at $14.6 billion.

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