Ripple price (XRP/USD) plunges to one-week low on Monday morning

on Mar 4, 2019
Updated: Oct 11, 2019

The Ripple price (XRP/USD) is fighting to stay above the $0.30 mark after an early Monday drop that sent it to a one-week low.

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The third-largest digital currency on the market had a lacklustre session on Sunday, with no major price moves in either direction. The digital coin saw some negative price action in the afternoon, when it fell to an intraday low of $0.310. XRP eventually finished the session at $0.312, slightly below its opening level of $0.314.

XRP has suffered much more significant losses in today’s morning session. An early drop sent the coin’s price below the $0.30 mark and Ripple fell to as low as $0.302 in most recent trading. This was the coin’s lowest price level since February 25, according to data from digital currency tracker Coinmarketcap. At the time of writing, the Ripple price was hovering around $0.305.

Although Ripple has experienced its fair share of negative price action, it has also shown greater resilience than most major digital coins over the past 24 hours. Among Ripple’s chief crypto rivals, Ethereum (ETH), Litecoin (LTC) and, especially EOS, have performed particularly poorly over that period.

Meanwhile, Ripple has experienced an improvement in terms of market activity, but that has most likely been driven by the earlier sell-off. Recent market data shows that around $663 million worth of XRP tokens have changed hands over the past 24 hours. This is well above the $548.5-million daily trading volume that Ripple posted on Thursday.

In today’s trading, the Ripple price stood at $0.305, as of 11:51 GMT. The digital coin has lost 2.8% of its value in the past 24 hours, Coinmarketcap data shows. The coin’s total market capitalisation currently stands at $12.6 billion.

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


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