Data from CoinMarketCap reveals that Ripple (XRP) is trading between $0.23 and $0.26. Much of the trading volume, which is well over $1 billion in the last day, has occurred on exchanges that offer Korean Won trading pairs.
Bithumb accounts for roughly 44% of the global market’s activity at press time (reporting more than $500 million in volume), followed by Coinone and Korbit. All told, those exchanges make up just over 70% of the past day’s total XRP volume.
XRP’s price is still below the market high hit in May, when the cryptocurrency’s price exceeded $0.33. On the other hand, CoinMarketCap data indicates that the last 24 hours have seen the most volume recorded for XRP in a single day.
Other cryptocurrencies have seen in excess of $1 billion in trading volume, including both Bitcoin and Bitcoin Cash. Bitcoin is trading at approximately $4,100 and Bitcoin Cash’s price is at an average of $680.
This article was first posted on Etoro.com/blog: Our Premium Trading Partner.