Ripple price (XRP/USD) holds Monday gains after resisting downward correction

Despite seeing some ups and downs on Tuesday, the Ripple price (XRP/USD) has largely managed to defend the $0.33 mark that it reclaimed yesterday.

Unlike some of its chief crypto rivals, which struggled in the early Monday trading, Ripple enjoyed a positive start to the session. Shortly after opening at an intraday low of $0.318, the coin experienced a nice price bump that allowed it to break through the $0.32 barrier. The resurgence of the wider crypto market in the afternoon further benefited XRP, helping it reach a four-day high of $0.337.  While the coin lost some momentum in the final hours of the session, it ended the session at $0.333, notching up its highest close in five days.

Ripple has made an attempt at reaching yesterday’s high on Tuesday, with its price rising to as high as $0.336 in the early hours of trading. The coin spent the next few hours moving on a downward trajectory and even dipped below the $0.33 mark in the late morning session. It has managed to steady the ship in recent trading and is currently hovering around the level of yesterday’s close.

Ripple saw a significant improvement in terms of trading volume on Monday, when its daily volume rose to nearly $550 million, up from the $452 million generated on Sunday. However, today’s market activity appears to be subdued.

Recent market data shows that around $476 million worth of XRP tokens have changed hands over the past 24 hours. ZB.com has remained the most popular destination for Ripple trading, having captured 11.5% of all trades during that period.

In today’s trading, the Ripple price stood at $0.332, as of 14:54 GMT. The digital coin has gained 2.4% in the past 24 hours.

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