Ripple price (XRP/USD) sees modest gains on Thursday

The Ripple price (XRP/USD) has edged higher in a nervous trading marked by a few big price swings.

The second-largest digital currency on the market dropped sharply in the opening hours of yesterday’s trading, mirroring a downswing observed across the wider cryptocurrency market. The digital coin continued to struggle throughout the rest of the session, with its price coming close to dropping below the $0.29 mark. Having opened the session at $0.299, the digital coin finished the day at a one-week low of $0.290.

Today, the cryptocurrency has seen some nervous trading, with its price experiencing significant price swings. The coin has attempted to rally in the morning portion of the session, but it did no manage to break above the $0.295 mark. At the same time, XRP has so far managed to avoid a drop below the $0.29 level. At the time of writing, the Ripple price was hovering just below $0.295, according to data from digital currency tracker Coinmarketcap.

Meanwhile, Ripple appears to have seen significant drop in terms of market activity. Yesterday XRP generated daily trading volume of $456.2 million, but recent market data shows that just over $413 million worth of XRP tokens have changed hands over the past 24 hours. ZB.com has retained its position as the most popular destination for Ripple trading, after capturing nearly 10.2% of that volume. At the same time, the world’s largest digital currency exchange, Binance has captured 5.6% of all trades.

In today’s trading, the Ripple price stood at $0.293, as of 14:13 GMT. The digital coin has gained 0.7% in the past 24 hours, Coinmarketcap data shows. The coin’s total market capitalisation currently stands at just over $12 billion.

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