Price Analysis

Bitcoin Vs. Ripple: Bitcoin (BTC) Nears $12,000; Ripple (XRP) Is Yet To Break The Ceiling

  • Bitcoin, with a slight deduction, is now aiming to persistently trade above 12,000 USD.
  • Both BTC and XRP have bullish medium-term outlook.

Bitcoin is just 400 USD behind to breach the week’s highest value and looking at the price trend, it may not take much time to reach there. On the other hand, Ripple has not wakened up from its slumber and continues to be down by 1.25% over the last 24 hours. However, both the coins are expected to jump by huge points before 2019 ends.

Bitcoin – Ripple Price Statistics-

Bitcoin - Ripple Price Prediction
Bitcoin – Ripple Price Chart
9th August 07:24 UTCBitcoin (BTC)Ripple (XRP)
Rank1st3rd
ROI (Return on Investment)8,636.49%5,092.22%
Coin Circulation17,866,225 BTC42,872,646,068 XRP
Market Cap211,412,462,573 USD13,077,283,879 USD
Value in USD11,800.01 USD0.3033 USD
All-Time High20,089 USD3.84 USD
24h Volume18,935,597,429 USD865,875,110 USD

Bitcoin – Ripple Price Comparison-

XRP kicked off its bearish stance with a dip in the value against USD by 1.96%. This dip took the coin from 0.3120 USD to 0.3059 USD. After a few moments of volatility, the coin again jumped down to lose by another 1.74% and lost 0.0054 USD. However, from there, the coin’s value against USD got inflated, and it went up to 0.3085 USD by 23:53 UTC and closed the day at a level similar to this. The last swing of the coin cut 0.0050 USD.

Similarly, BTC also got traded from 11,998 USD to 11,762 USD within 3 hours and 11 minutes, starting from 03:18 UTC. It was followed by another fall of 2.70%. But the biggest shock to the coin happened by 17:26 UTC when the coin got its value at 11,467 USD. However, Bitcoin took the whole market to shock by featuring a huge jump, and this gain of 5% added 572 USD to the coin.

This makes the top moment of the coin for the day at 12,037 USD. However, this growth was unsustainable as it suddenly started depleting and reached 11,787 USD by 06:32 UTC of today.

Bitcoin – Ripple Price Prediction-

Bitcoin is nearing 12,000 USD now, and it is now a matter of time to see a major movement until it rests at 15,000 USD. Ripple, however, has not shown any such movement to be considered as a bullish coin.

Bitcoin (BTC)Ripple (XRP)
1st Resistance12111.83 USD0.311815333USD
2nd Resistance12257.25USD0.315969667USD
3rd Resistance12535.08USD0.319321333USD
1st Support11688.58USD0.304309333USD
2nd Support11410.75USD0.300957667USD
3rd Support11265.33USD0.296803333USD

Conclusion-

Both the coins are likely to bring a turnaround soon. The investors are advised to patiently wait to witness major yields.

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Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.

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