Home » Cryptocurrency » Ripple price (XRP/USD) rebounds after fitting four-day low

Ripple price (XRP/USD) rebounds after fitting four-day low

Dimitar Bogdanov
  • August 21st, 13:53
  • Last Updated: October 17th, 09:19

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.

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

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.

About the author

Dimitar Bogdanov
Dimitar Bogdanov
I have been a journalist for Invezz since 2012 and am one of the oldest on the team. My focus is on cryptocurrencies as well as general equity markets, although my experience is broad overall.

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