Ripple price (XRP/USD) holds $0.30 mark in quiet Monday trading

The Ripple price (XRP/USD) has so far held above the $0.30 mark in a Monday trading session absent of big moves.

The second-largest digital currency on the market experienced some lacklustre trading over the weekend, especially on Sunday afternoon, when dropped below the $0.30 mark, to an intraday low of $0.299. The con eventually finished the session at $0.302, well below its opening level of $0.310.

Barring a single spike that lifted its price to around $0.305 in the morning, Ripple has remained around the level of its Sunday close so far on Monday. The digital coin has been unable to gain positive momentum, which is broadly in line with a pattern observed across the wider cryptocurrency market. This is likely driven, in part, by somewhat subdued market activity.

Ripple experienced strong trading during a couple of sessions last week, averaging daily trading volume of more than $750 million in those sessions. This increase in volume was driven by hopes that Ripple, the San Francisco-based start-up that developed the XRP token, could be working on securing partnership with global banking payment network SWIFT. However, with no official indication that the companies were contemplating a collaboration, traders’ enthusiasm quickly waned.

Recent market data shows that around $440 million worth of XRP tokens have changed hands in the past 24 hours. However, this figure, provided by digital currency tracker Coinmarketcap, does not take into account over $73 million of volume generated on the BitMax virtual currency exchange.

In today’s trading, the Ripple price stood at $0.301, as of 14:19 GMT. The digital coin has lost 1.3% of its value in the past 24 hours, according to data from Coinmarketcap. Its total market capitalisation currently stands at $12.4 billion.

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