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Ripple price (XRP/USD) slips below $0.30 in early Tuesday trading

on Feb 5, 2019
Updated: Oct 11, 2019
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The Ripple price (XRP/USD) has seen little change on Tuesday, hovering just below the level of its Monday close.

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The second-largest digital currency on the market had a quiet session yesterday, with its price hovering just above the $0.30 for most of the day. The virtual coin experienced a dip below that mark in late trading, but it eventually finished the session at $0.300. This was slightly below its opening price of $0.302.

However, the digital coin slipped again during the opening hours of today’s trading and has since been trading in the negative territory. At the time of writing, the Ripple price was hovering just below the level of its Monday close, according to data from digital currency tracker Coinmarketcap.

Meanwhile, Ripple has seemingly experienced another drop in terms of 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. However, volume has since returned to sub-$500 million levels. Yesterday, Ripple generated trading volume of $418 million, its lowest daily volume in the past eight sessions. Recent market data shows that just under $400 million worth of XRP tokens have changed hands over the past 24 hours, which hints at even weaker trading activity. ZB.com has been the most popular destination for XRP trading over that period, with the exchange having captured 11.5% of that volume. The world’s largest digital currency exchange, Binance, have captured 6.3% of the volume.

In today’s trading, the Ripple price stood at $0.298, as of 15:38 GMT. The digital coin has lost just over 1% of its value in the past 24 hours, Coinmarketcap data shows. The coin’s total market capitalisation currently stands at $12.2 billion. It’s decline continues, see here for more information on the cryptocurrency boom and bust story.

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

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