Ripple price (XRP/USD) holds above $0.31 despite rocky Wednesday morning

The Ripple price (XRP/USD) has so far managed to defend its Tuesday gains, despite seeing a number of fluctuations on Wednesday morning.

The third-largest digital currency on the market enjoyed some very positive trading on Tuesday, especially during the afternoon, when its price break through the $0.31 barrier. Ripple eventually finished the session at $0.316, up from its opening level of $0.305.

XRP’s performance has been less impressive on Wednesday, as its momentum has been hindered by frequent price fluctuations. Still, the coin was able to defend the $.31 mark in the morning and even managed to edge higher in recent trading. At the time of writing, the Ripple price was hovering slightly above the level of its Tuesday close.

The coin has also seen an improvement in terms of market activity. XRP’s daily trading volume reached $786.8 million yesterday, which was well above the $647.9 million generated during the preceding session. And, according to recent market data, around $806 million worth of XRP tokens have changed hands over the past 24 hours. BitForex has been the most popular destination for Ripple trading over that period, having captured 12.1% of all trades.

In other XRP-related news, industry website Cointelegraph has reported that Chinese crypto exchange Huobi has added support for the token on its over-the-counter (OTC) trading platform.

Citing a company press release, Cointelegraph said earlier today that XRP joined a list of crypto assets including Bitcoin (BTC), Ethereum (ETH), Tether (USDT) EOS and Huobi Token (HT), which are also supported on Huobi’s OTC platform.

In today’s trading, the Ripple price stood at $0.317, as of 15:46 GMT. The digital coin has gained 0.9% in the past 24 hours, according to data from digital currency tracker Coinmarketcap. The coin’s total market capitalisation currently stands at $13.1 billion.

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