Cryptocurrency
Cryptocurrency
XRP struggles to break above $0.40 barrier
The third-largest digital currency, XRP, continues to trade below the $0.40 mark despite seeing some notable spikes in in today’s trading, as well as over the weekend.
The digital coin had an eventful weekend in terms of trading, as its price saw a few major price swings, especially on Saturday. The coin had opened that session at $0.379, but it was able leap over $0.40 barrier in the afternoon, when its price reached a two-day high of $0.408. However, XRP lost a big portion of its gains during the final hours of the session and eventually finished the day at $0.389.
The Sunday session saw XRP coming very close to $0.40, with the coin’s price rising to as high as $0.398. The token was at least able to retain most of its gains for the day, as it closed the session at $0.397.
While XRP has seen some lacklustre trading today, it has remained above the $0.39 level. At the time of writing, the XRP price was hovering slightly below the level of its Sunday close, according to data from digital currency tracker Coinmarketcap.
H1 performance
While the digital currency market has seen an impressive recovery in the past few months, XRP has struggled to match the performance of some of its biggest crypto rivals. Last month, the coin set a new 2019 high at $0.505 during its only run above $0.50 so far this year. Industry website Coindesk recently noted that the coin had gained around 12% in H1 2019 and had been completely overshadowed not only by Bitcoin (BTC), but also by major altcoins such as Litecoin (LTC) and Binance Coin (BNB).
In today’s trading, the XRP price stood at $0.396, as of 14:39 BST. The digital currency has gained 0.3% in the past 24 hours. The coin’s total market capitalisation currently stands at $16.9 billion.
Featured image: Stanslavs / Shutterstock.com
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