Menu
Real Time Cryptocurrency News & Analysis

Ripple price (XRP/USD) struggles to gain momentum after rocky Sunday session

The Ripple price (XRP/USD) has seen some rocky trading over the past couple of sessions, as frequent fluctuations have limited XRP’s gains, despite strong starts.

The third-largest digital currency on the market experienced some lackluster trading on Sunday, with its price hovering in a tight range below the $0.33 mark. Having opened the session at $0.326, the coin jumped to an intraday high of $0.329 in early trading, but that turned out to be just a temporary spike. The price jump was swiftly followed by a sharp pull-back that sent XRP into the negative territory. The coin continued to experience minor price fluctuations throughout the rest of the session and eventually finished the day at $0.328.

Ripple enjoyed a positive start to today’s trading, which allowed the coin to briefly reclaim the $0.33 level. However, the token has been on the defensive since reaching an intraday high of $0.331 in the opening hours of the session. At the time of writing, Ripple was hovering slightly below the level of its Sunday close, according to data from digital currency tracker Coinmarketcap.

In other Ripple-related news, Japanese crypto exchange Coincheck has added the token to its new over-the-counter trading service. As reported earlier today by industry website Cointelegraph, the exchange is also adding Ethereum (ETH), the world’s second-largest digital currency. The service went live earlier this month, offering Bitcoin (BTC) trading. Ripple and Ethereum are the first altcoins to be offered on the service, but Coincheck has said that it is considering adding more digital currencies in the future.

In today’s trading, the Ripple price stood at $0.327, as of 16:23 BST. The digital coin has gained 0.5% in the past 24 hours. The coin’s total market capitalisation currently stands at $13.7 billion.

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive commission from the companies we feature on this site. Click here for more information.