[ad_1]
The price of Ripple (XRP / USD) suffered losses on Wednesday, due to a downward trend observed in the broader cryptic market.
The second largest digital currency on the market yesterday saw some positive action on prices, especially in the early morning session, when it rose to $ 0.46 after reaching an intraday low of $ 0.342. However, the performance of Ripple in the next few hours showed that the currency was not ready to capitalize on that initial peak. While the token made a rally attempt in the early afternoon trading, rising to $ 0.361, he spent the rest of the session moving on a steady downward trajectory. The currency ended the session at $ 0.352, up from its initial level of $ 0.348.
The ripple declined further in today's early trading, with its price falling to an intraday low of $ 0.345, a level that the currency has revisited twice in the next trade. Ripple has made several attempts to reverse the downward trend, but has not seen much success beyond the brief occasional update. At the time of writing this article, Ripple's price was around $ 0.35, according to data from the Coinmarketcap digital tracker.
The performance of Ripple reflected a broader downtrend that affected the broader cryptocurrency market. Most major digital currencies, including Bitcoin (BTC), Ethereum (ETH), Stellar Lumens (XLM) and Litecoin (LTC), have seen some losses in the last 24 hours. However, Bitcoin Cash (BCH) and EOS were the biggest losers in that period, having lost 7.8% and 7% respectively.
In today's trading, Ripple's price stood at $ 0.348, at 3.03pm GMT. The digital currency has lost 2.1% of its value in the last 24 hours, shows Coinmarketcap data. The total capitalization of the currency currently stands at just over $ 14 billion.
For more information on how to buy and trade Ripple, see our comprehensive Ripple guide.
