The Ripple price (XRP/USD) has seen some challenging trading over the past 24 hours, hovering around the $0.30 mark.
The third-largest cryptocurrency on the market had a lacklustre session yesterday, with its price struggling to gain momentum amid frequent price fluctuations. Having opened the session at an intraday high of $0.310, the digital coin posted a close of $0.302, which was its lowest point of the day.
XRP dipped below the $0.30 mark at the start of today’s session, but it was able to reclaim that level in subsequent trading. However, the coin has so far been unable to make meaningful progress and has remained trading at around the level of its Monday close.
Recent market data shows that around $460 million worth of XRP tokens have changed hands over past 24 hours, which is slightly lower than the coin’s Monday daily trading volume. ZB.com remains the most popular destination for XRP trading, having captured 10.3% of that volume. The world’s largest digital currency exchange, Binance, has captured 5.2% of the volume.
In other XRP-related news, industry website Coindesk has reported that Cory Johnson, who served as chief marketing strategist at San Francisco-based Ripple, has left the company. Johnson, who had spent eight years at Bloomberg TV, joined the blockchain start-up in early 2018. A spokesperson for Ripple told Coindesk:
“Cory’s last year at Ripple was a success in representing the company to investors, press and regulators… But due to changes in market conditions, we’ve chosen to eliminate the role of Chief Market Strategist.”
In today’s trading, the Ripple price stood at $0.302 as of 13:53 GMT. The digital coin has lost nearly 1% of its value in the past 24 hours. The coin’s total market capitalisation currently stands at $12.48 billion.
For further information on how to buy and trade Ripple, see our comprehensive Ripple guide.