Home » 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.

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