The price of Ripple (XRP / USD) managed to rebound from a minimum of one month, but its progress Wednesdays were hampered by frequent fluctuations.
The third largest digital currency on the market yesterday had a largely disappointing trading session, as its price declined sharply in the afternoon, which canceled out the small progress made by the currency in the morning session. The ripple collapsed at the peak of a month near $ 0.255 in the afternoon, before closing the session to $ 0.263. Ripple, while limiting losses, still closed the session well below its initial level of $ 0.270.
While Ripple had a good start today, climbing to an intraday high of $ 0.267, he retreated to the lower levels in the subsequent trading. The currency saw multiple price fluctuations during the day and revised its Tuesday low after a couple of sharp falls. The currency has had another rise in recent trade and currently trades around $ 0.26.
The continuous coming and going seems to have contributed to a significant increase in the volume of the Ripple exchanges. Recent market data show that around $ 263 million of XRP tokens have changed in the last 24 hours. This is significantly higher than the $ 200 million daily volume generated on Tuesday, which suggests that market activity was stronger on Wednesday
. The increase seems to be mainly driven by a surge of XRP trading on ZB.com encryption. The Hong Kong-based exchange was the most popular destination for Ripple trade in the last 24 hours, as it captured 19.2% of all trades.
In today's trading, the price of Ripple was $ 0.262, at 15:58 BST. The digital currency has gained 0.5% in the last 24 hours, according to data from the Coinmarketcap digital tracker. Its total capitalization currently stands at $ 10.4 billion.
For more information on how to buy and trade Ripple, see our comprehensive Ripple guide.