Ripple price (XRP/USD) tops $0.32 despite slow start

The Ripple price (XRP/USD) has edged higher despite experiencing some lacklustre early trading on Wednesday.

The third-largest digital currency on the market saw some positive price action on Tuesday morning, with its price rising to an intraday high of $0.334, from its opening price of $0.327. However, shortly after that the coin suffered a significant pull-back, falling to as low as $0.316. The digital coin spent the rest of the session trying to secure stable position, but it eventually finished the day at $0.319.

While XRP started today’s session with a drop to $0.314, it has managed to bounce back in more recent trading. Despite experiencing some bumps along the way, the coin has managed to return above the $0.32 mark.

Ripple received a significant boost late on Monday, when the largest US digital currency exchange, Coinbase, announced that it was commencing the process for listing XRP on its professional trading platform, Coinbase Pro. As of today, the token is already available for trading to users in the US (excluding the state of New York), the UK, supported European Union member nations, Canada, Singapore, and Australia. The coin is not yet available on Coinbase.com or via our mobile apps and the company plans to make separate announcements when XRP is added to these platforms in the future.

The news of the listing led to an increase in market activity which helped Ripple’s daily trading volume to surpass $1 billion on Monday. However, volumes have since dropped significantly, with recent data showing that around $715 million have changed hands in the past 24 hours.

In today’s trading, the Ripple price stood at $0.321, as of 13:04 GT. The digital coin has gained 0.2% in the past 24 hours, according to data from digital currency tracker Coinmarketcap.

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