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Ripple price (XRP/USD) bounces back after hitting one-week low on Tuesday morning

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The Ripple price (XRP/USD) has edged higher on Tuesday after it managed to overcome a slow start that resulted in it hitting a one-week high below $0.35.

The second-largest digital currency on the market had a difficult session yesterday, with its price suffering a couple of big drops throughout the day. The digital coin opened the session at $0.368, which remained its highest price level for the day. Ripple finished the session at $0.348, posting its lowest close since September 19.

Ripple experienced another dip today, with its price falling to a one-week low of $0.342 during the morning part of the session. However, the coin was able to bounce back swiftly and recover some of its losses. At the time of writing the Ripple price was hovering around $0.355, according to data from digital currency tracker Coinmarketcap.

Meanwhile, Ripple has seen a notable increase in trading volume in recent trading. According to recent market data, yesterday, the coin posted a daily trading volume of $392.6 million worth of XRP, significantly more than the $335.7 million generated on Sunday and roughly in line with Ripple’s Saturday volume of $397.2 million.

Recent market data shows that some $483 million worth of XRP tokens have changed hands over the past 24 hours, suggesting that trading activity has been even stronger in today’s trading. This figure, which has been compiled by Coinmarketcap, does not take into account more than $110 million that have been generated on the lesser-known cryptocurrency exchange ZBG.

In today’s trading, the Ripple price stood at $0.355, as of 14:12 GMT. The digital coin has lost 0.9% of its value in the past 24 hours, Coinmarketcap data shows. The coin’s total market cap currently stands at $14.3 billion.

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

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