Real Time Cryptocurrency News & Analysis

Ripple price (XRP/USD) edges lower in lacklustre Friday session

The Ripple price (XRP/USD) has seen significant losses over the past 24 hours, mostly due to a disappointing Thursday session that saw its price falling below the $0.45 mark.

The digital currency enjoyed some positive price action during the early hours of yesterday’s session, with its price rising to an intraday high of $0.474, from its opening level of $0.467. However, this turned out to be the only bright spot for the digital coin on Thursday, as it swiftly returned to sub-$0.47 and then spent the most of the remaining session on a steep downward trajectory. The decline accelerated significantly in the afternoon, with the Ripple price falling to an intraday low of $0.447. While the coin managed to bounce back in late trading it still ended the session in the red, notching up a close of $0.457.

Ripple has made some attempts to reclaim the $0.46 mark in today’s trading, but it has so far been unable to overcome the stiff resistance around that area. At the time of writing, the Ripple price was hovering around $0.45, according to data from digital currency tracker Coinmarketcap.

Market activity remains subdued, with Ripple’s current trading volume standing at around $414 million. However, this figure does not take into account more than $150 million of combined trading volume from crypto exchanges including Hong Kong-based and South Korean major Bithumb and several lesser-known exchanges.

In today’s trading, the Ripple price stood at $0.453, as of 15:20 BST. The digital coin has lost just over 2% of its value in the past 24 hours, Coinmarketcap data shows. The coin has total market cap of $18.1 billion, which makes it the third-largest digital coin on the market, behind Bitcoin (BTC) and Ethereum (ETH).

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

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