The Ripple price (XRP/USD) has seen solid gains in today’s morning trading, mirroring an uptrend affecting the wider cryptocurrency market.
The third-largest digital currency on the market experienced a few price swings throughout the session, hindering its efforts to return to its recent highs. The digital coin rose to an intraday high of $0.351 in the afternoon, up from its opening level of $0.344. However, like many of its major crypto rivals, Ripple saw a steep drop in the final hours of the session, with its price falling to as low as $0.317. The coin eventually finished the day at $0.319, according to data from digital currency tracker Coinmarkecap.
By the time Ripple was able to halt its decline in today’s early trading, it had already hit a four-day low of $0.316. Nevertheless, the digital coin responded with a steady advance that culminated in it reaching an intraday high of $0.338 in the morning session. While Ripple has seen some pull-back in more recent trading, the coin has so far managed to hold above the $0.33 mark.
Ripple appears to be experiencing subdued market activity today, as its 24-hour trading volume currently stands at $292 million. Yesterday’s session generated daily trading volume of $311 million, market data suggests.
Japanese cryptocurrency exchange Bitbank has been the most popular destination for Ripple trading over the past 24 hours, having captured just over 19% of all trades processed over that period. The world’s largest crypto trading platform, Binance, ranks second, claiming 12.2% share.
In today’s trading, the Ripple price stood at $0.332, as of 13:55 BST. The digital coin has lost 1.2% of its value in the past 24 hours. Its total market cap currently stands at $13.1 billion.