Ripple price (XRP/USD) edges lower amid disappointing Wednesday trading

The Ripple price (XRP/USD) has been struggling on Wednesday, following an early attempt to break above the $0.32 mark

The second-largest digital currency on the market experienced some rough trading on Sunday, with its price hitting a five-week low during the afternoon portion of the session.

The coin opened the session at $0.321, which remained its highest price level for the day. Moving on a mostly downward trajectory, Ripple fell to $0.313, which was its lowest level since December 17. However, this was followed by a burst of positive price action, which allowed the coin to mitigate its losses for the day. The coin finished the day at $0.19, according to data from digital currency tracker Coinmarketcap.

Today’s session has so far been more of the same, with the only difference being that this time Ripple had a couple of brief spells in the positive territory. The coin touched the $0.32 mark in the early hours of the session and then revisited the level in the afternoon. However, these have been among the few positives for the token, which has been mostly trading below the level of its yesterday’s close since the start of the session.

Meanwhile, the market activity appears to have weakened compared to yesterday, when Ripple posted daily trading volume of $434 million. Recent market data shows that, over the past 24 hours, global crypto exchanges have processed some $390 million worth of XRP trades. It’s worth noting that this figure does not include nearly $150 million of volume that has been generated on the BitMax exchange.

In today’s trading, the Ripple price stood at $0.317, as of 15:20 GMT. The digital coin has lost 0.5% of its value in the past 24 hours. This makes it the worst performer in the cryptocurrency top 10 over that period.

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