Real Time Cryptocurrency News & Analysis

Ripple price (XRP/USD) edges lower amid thin trading volumes

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The Ripple price (XRP/USD) has seen further losses following a challenging trading over the weekend.

The second-largest digital currency on the market had a lacklustre trading session on Sunday, with its price hovering around the $0.37 mark. Having started the day at $0.372, the digital coin rose to an intraday high of $0.378 during the early hours of the session. However, the coin saw a significant pull-back in subsequent trading, falling to as low as $0.365. Ripple eventually finished the session at $0.367, according to data from digital currency tracker Coinmarketcap.

Ripple had a difficult start to today’s trading, as it dropped below the $0.36 level in the early hours of the session. The coin has had some ups and downs since then, but it has managed to reclaim the $0.36 mark. At the time of writing, the Ripple price was hovering around $0.36.

Meanwhile, Ripple has seen a significant decline in trading volume in the past e few sessions.  The coin averaged daily volumes of about $360 million over the weekend, compared to volumes of well over $500 million in the previous sessions last week.

Recent marked data shows that some $329 million worth of XRP tokens have changed hands over the past 24 hours, which suggests that trading activity remains subdued on Monday. However, this figure, which was compiled by Coinmarketcap, does not take into account some $109.4 million that were generated on crypto exchange ZBG.

In today’s trading, the Ripple price stood at $0.361, as of 14:35 GMT. The digital coin has lost nearly 2% of its value in the past 24 hours, Coinmarketcap data shows. The coin’s total market capitalisation currently stands at $14.5 billion.

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

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