Home » Ripple price (XRP/USD) pulls back after reaching one-week high on Thursday morning

Ripple price (XRP/USD) pulls back after reaching one-week high on Thursday morning

Dimitar Bogdanov
  • April 18th 2019, 12:14
  • Last Updated: October 17th 2019, 12:47

The Ripple price (XRP/USD) has seen significant gains over the past 24 hours, even though its advance has come to a halt in today’s recent trading.

The third-largest digital currency on the market enjoyed some positive price action yesterday, primarily during the afternoon hours, when its price surged towards the $0.34 mark. The digital coin rose to as high as $0.340, before closing the session at $0.335, up from its opening level of $0.327. At the same time, XRP enjoyed strong market activity, with its daily trading volume rising to $1.1 billion, from the $800 million generated during the previous session.

Ripple continued its advance during the opening hours of today’s session, with the coin’s price rising to a one-week high of $0.344. However, the coin has pulled back to sub-$0.34 levels in more recent trading. At the time of writing, the Ripple price was hovering around the level of its Wednesday close, according to data from digital currency tracker Coinmarketcap.

Other major digital coins have seen similar trading patterns in today’s trading. For example, Bitcoin (BTC), the No. 1 digital currency, also rose to a one-week high in early trading, but has recently retreated towards its Wednesday close of $5,251.94. In contrast, Ethereum has been relatively stable after experiencing an early spike of its own. ETH jumped to a one-week high of $172.93 earlier and is currently trading at around $171.

Back to Ripple-related data, it appears that the coin is experiencing even stronger market activity today. Volume figures provided by Coinmarketcap show that around $1.4 billion worth of XRP tokens have changed hands over the past 24 hours.

In today’s trading, the Ripple price stood at $0.336, as of 13:07 BST. The digital currency has gained 3.4% in the past 24 hours. Its total market capitalisation currently stands at $14.1 billion.

About the author

Leave a Reply

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.