Ripple price (XRP/USD) drops amid lacklustre Friday trading

The Ripple price (XRP/USD) has seen some negative price action following a nervous Thursday trading.

The second-largest digital currency on the market, had a lacklustre session yesterday, with its performance hindered by frequent price fluctuations. The digital had a positive start to the session, with its price rising to an intraday high of $0.330. However, this was swiftly followed by a sharp drop to $0.325, which remained Ripple’s lowest price level for the day.

This pattern persisted throughout the session, resulting in a nervous trading, marked by numerous minor price fluctuations. At the end of the day, Ripple was back to where it had started – at the $0.329 level.

The Friday session has so far been much more straightforward for XRP. Barring the occasional uptick, the digital currency has been moving on a clear downward trajectory since the start of the session, although the coin’s losses hasn’t been that significant. The decline accelerated slightly in the early afternoon, causing the coin’s price to drop to as low as $0.324 in recent trading. At the time of writing, the Ripple price was hovering slightly above that level, according to data from digital currency tracker Coinmarketcap.

At the same time, Ripple has seen a slight dip in terms of market activity. Recent market data shows that around $406 million worth of XRP tokens have changed hands over the past 24 hours, which is well below the $433.4 million of daily volume that was generated on Thursday. ZB.com has been the most popular destination for Ripple trading, having processed 13.7% of the 24-hour volume.

In today’s trading, the Ripple price stood at $0.325, as of 13:27 GMT. The digital coin has lost 0.4% of its value in the past 24 hours. Its total market cap currently stands at $13.3 billion.

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