The Ripple price (XRP/USD) has been mostly flat in today’s trading, hovering around yesterday’s close of $0.182. However, the price has retreated in the past hour and is currently trading below $0.18. According to data from cryptocurrency tracker Coinmarketcap, Ripple has lost more than 3% over the past 24 hours.

Meanwhile, the cryptocurrency’s trading volume continues to decline. Only $30 million worth of XRP tokens have exchanged hands over the past 24 hours. This is consistent with a downtrend observed in the broader cryptocurrency market.

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South Korea’s leading cryptocurrency exchange captures 26.3% of Ripple’s 24-hour trading volume. Poloniex’s XRP/BTC trading pair accounts for 13.5% of the trading volume, while Bittrex comes in third place with 8.2%.

Ripple’s technology, which is aimed at facilitating fast and cheap cross-border payments, has attracted interest from some of the leading players in the financial industry. The technology has already been utilised by some of the world’s largest lenders, including Bank of America, Standard Chartered, UBS and BBVA. In a more recent development, Ripple earlier this month signed a partnership agreement with DAYLI Intelligence to bring its cross-border payment solutions to the South Korean market.

In today’s trading, the Ripple price stood at $0.177, as of 16.49 BST. The cryptocurrency has lost 4.3% over the past 24 hours, according to data from Coinmarketcap. Its total market capitalisation currently stands at just over $6.8 billion, which makes it the fourth-largest cryptocurrency on the market.

For further information on how to buy and trade Ripple, see our comprehensive Ripple guide.