2019-6-4 09:15 |
Ripple’s in-house cryptocurrency, XRP, struggled to hold on to the bulls as its price neared $0.41. Since the second week of May, the coin had maintained a steady course above $0.40, even as the price action remained underwhelming when compared to other top coins on the cryptocurrency ladder.
In terms of its 24-hour trading volume however, the digital coin has made a correction in its course, climbing one spot higher to the sixth position. The coin’s trading volume doubled along with other cryptocurrencies. At press time, XRP recorded a 24-hour trading volume of $2.62 billion, 5.72% of which was being traded on Bit-Z via the trading pair XRP/USDT.
Source: CoinMarketCap
XRP replaced Bitcoin hard fork coin BCH with a 24-hour trading volume of $2.23 billion, to secure the sixth position. Leading the pack was the oldest stablecoin, Tether [USDT] with a 24-hour trading volume $24.57 billion, followed by Bitcoin [BTC] at $23.45.
Ripple’s developments have not had much impact on its valuation over the past month, even as the firm posed as an attractive investment opportunity for investors worldwide. The Brad Garlinghouse-led blockchain firm is all set to diversify its portfolio with major global alliances.
Last week Ripple’s Global Head of Banking @delatinne joined industry leaders at @EBlockchainCon to discuss the importance of collaboration across different blockchain networks. https://t.co/HHQ20k4Svi
— Ripple (@Ripple) May 28, 2019
At press time, XRP’s price, along with major digital currencies, was falling significantly and held a market cap of $17.53 billion.
The post Ripple’s XRP recovers its 24-hour trading volume; ousts BCH to climb to the sixth position appeared first on AMBCrypto.
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