Price Analysis

Bitcoin Vs. Ripple: Bitcoin (BTC) & Ripple (XRP) Are On Track; May Become the First Two to Bring Rally

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  • Both BTC & XRP share a bullish run for the medium-term.
  • The two coins have shown decent strength over the last 24 hours.

Bitcoin and Ripple are the two of the most sought after coins in the current market and both the coins have finally managed to show growth. After a few days of lagging behind, Ripple has been up by 3.03% over the last 24 hours. Both the coins seem to have better times ahead. The current details of the coins are as follows.

Current Statistics of BTC and XRP-

Bitcoin - Ripple Price Prediction
Bitcoin – Ripple Price Chart
5th August 07:02 UTC Bitcoin (BTC) Ripple (XRP)
Rank 1st 3rd
ROI (Return on Investment) 8,477.29% 5,393.21%
Coin Circulation 17,858,637 BTC 42,872,646,068 XRP
Market Cap 207,295,644,556 USD 13,750,639,068 USD
Value in USD 11,624.93 USD 0.3210 USD
All-Time High 20,089 USD 3.84 USD
24h Volume 19,840,967,249 USD 950,900,737 USD

Bitcoin – Ripple Price Comparison-

Bitcoin started Sunday at a price of around 10,905 USD. By 05:00 UTC, Bitcoin price was down at 10,595 USD after getting a blow of 2.84%. After some hours of stabilization, the coin got a push of 3.51% and reached 11,030 USD. The next variation came as a surprise and the slight fall in the value against USD cost the coin almost 200 USD. Similarly, Ripple coin started the day with a steep fall of 1.63% and losing 0.0052 USD the coin hovered around 0.3125 USD. It was followed by a hike of 0.0106 USD and this hike made Ripple investors rich by 3.41%. And the third variation came at 15:21 UTC and within 72 minutes the coin showed 1.68% growth and got valued 0.0054 USD more.

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The last swing of Bitcoin happened over 6 hours from 21:11 UTC and this hike added 815 USD to the value of each Bitcoin against USD. On the other hand, Ripple got devalued by 1.42% in its last swing of the day, which happened between 16:33 UTC and 22:52 UTC.

BTC vs XRP Price Prediction-

Both the coins share a bullish medium-term outlook and the target for 2019 remains at 15,000 USD and 0.9 USD for Bitcoin and Ripple respectively. These are the resistance points and support levels of the coins.

Bitcoin (BTC) Ripple (XRP)
1st Resistance 11112.83333 USD 0.324403 USD
2nd Resistance 11255.48667 USD 0.328964 USD
3rd Resistance 11501.76333 USD 0.335003 USD
1st Support 10723.90333 USD 0.313803 USD
2nd Support 10477.62667 USD 0.307764 USD
3rd Support 10334.97333 USD 0.303203 USD

Conclusion-

Ripple took more time to lift its value against USD in comparison to Bitcoin. But now both the coins will run for a rally.

Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on world's leading digital currencies. She holds graduate degree in journalism.

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