The Ripple price (XRP/USD) has experienced major swings after reaching a 10-day high in late Tuesday trading.
The third-largest digital currency on the market enjoyed some positive price action on Tuesday morning, which allowed it to break above the $0.34 mark for the first time in six days. The coin was able to stay comfortably above that level, despite experiencing some price fluctuations, especially during the afternoon portion of the session. The coin saw another sharp uptick in late trading, which propelled its price to $0.356, its highest price level since August 18. The coin eventually finished the day at $0.351, up from its opening level of $0.337.
The coin hasn’t been able to extend its advance in today’s trading, as its momentum has been constantly hindered by frequent price fluctuations. The coin failed to defend the $0.35 mark in the morning and the sharp swings even put the $0.34 level under pressure, with the Ripple price dropping to an intraday low of $0.341. The digital currency attempted to recoup its losses in the afternoon, but it pulled back shortly after reaching an intraday high of $0.353. At the time of writing, the Ripple price was hovering around $0.35, according to data from digital currency tracker Coinmarketcap.
All this back-and-forth price action has led to a significant increase in Ripple’s trading volume. Recent market data shows that some $306 million worth of XRP tokens have changed hands over the past 24 hours. Japanese crypto exchange Bitbank remains the most popular destination for XRP trading, having captured 17.7% of that volume
In today’s trading, the Ripple price stood at $0.348, as of 16:19 BST. The digital coin has gained 0.1% in the past 24 hours, Coinmarketcap data shows.
For further information on how to buy and trade Ripple, see our comprehensive Ripple guide.