Ripple price (XRP/USD) surges to five-day high on Monday morning

The Ripple price (XRP/USD) has pulled back after reaching a five-day high above $0.37 in today’s morning session.

After having relatively quiet trading on Sunday morning and in the early afternoon, the third-largest cryptocurrency on the market surged in the latter part of the session, mirroring a pattern observed across the broader cryptocurrency market. This allowed XRP to move within striking distance of the $0.37 mark, as its price hit an intraday high of $0.369. The coin eventually finished the day at $0.368, which was still well above its opening level of $0.354.

During today’s morning trading, Ripple experienced another sharp increase, which lifted its price to a five-day high of $0.378. However, this was swiftly followed by a downward correction that sent the coin below the level of its Sunday close. At the time of writing, the Ripple price was hovering round the $0.365 level, according to data from digital currency tracker Coinmarketcap.

Meanwhile, Ripple has seen a notable improvement in terms of market activity. Yesterday, the coin generated $492.5 million of daily trading volume, up from the $452 million seen in the preceding session. And recent market data suggests that today’s trading activity is even stronger.

Over the past 24 hours some $558 million worth of XRP tokens have changed hands, with ZB.com having captured 9.8% of that volume. The world’s largest crypto exchange, Binance, has captured a 9.2% share, which makes it the second most popular destination for Ripple trading. OKEx comes in third with a 7.3% share.

In today’s trading, the Ripple price stood at $0.366, as of 13:45 GMT. The digital coin has gained 2.3% in the past 24 hours, Coinmarketcap data shows. The coin’s total market capitalisation currently stands at nearly $15 billion.

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