Price Analysis

Bitcoin Vs. Ripple: Bitcoin (BTC) & Ripple (XRP) Exhibit Concurrent Movements; No Budging in 24 Hours

  • BTC and XRP are down by almost 1% each in the last 24 hours.
  • Bitcoin is likely to run in the short-term, whereas Ripple’s turnaround may take more time.

Bitcoin (BTC) and Ripple (XRP) are the two of the top-ranked coins in the market, and none of them could manage to show any growth over the last 24 hours. While BTC is down by 0.31%, XRP has lost 0.68% in this period. Here we will analyze the price movement of both the coin in this 1 day. However, the medium-term outlook of the coins seems bullish.

Bitcoin – Ripple Price Statistics-

13th August 06:27 UTCBitcoin (BTC)Ripple (XRP)
Rank1st3rd
ROI (Return on Investment)8,303.36%4,991.52%
Coin Circulation17,873,600 BTC42,890,708,341 XRP
Market Cap203,117,027,970 USD12,901,531,283 USD
Value in USD11,362.07 USD0.2983 USD
All-Time High20,089 USD3.84 USD
24h Volume13,496,344,302 USD745,894,777 USD

BTC – XRP Price Comparison-

BTC-XRP Price Prediction
BTC-XRP Price Chart

BTC started the day with a sluggish face and cut its value by 262 USD around 12:00 UTC. However, it was soon followed by a hike of 1.80%, and these two swings created a near-perfect inverted pyramidal growth pattern. Then a small dip in the value was noticed which took the coin to 11,351 USD.

Similarly, XRP had its first dip by 07:29 UTC with a decline of 0.0074 USD. It could, however, fuel for growth in the next few hours. But once the coin reached 0.3017 USD, it started dwindling. The third swing was also an unprecedented increase in the value against USD. This swing took the coin to 0.3011 USD.

The last variation of BTC was a decrease in the value by 0.84%, and this happened today between 01:03 UTC and 04:40 UTC. Similarly, Ripple lost 0.037 USD between 01:01 UTC and 05:05 UTC.

Bitcoin – Ripple Price Prediction-

Both the coins are predicted to have bullish run in the long-term. However, the recent future may not be very bullish for XRP specifically. Bitcoin has strong fundamentals that can help the coin to bring a bullish sprint. The details of resistance and support levels are listed below.

Bitcoin (BTC)Ripple (XRP)
1st Resistance11500.22333 USD0.303064667 USD
2nd Resistance11617.82667 USD0.305807333 USD
3rd Resistance11707.46333 USD0.308086667 USD
1st Support11292.98333 USD0.298042667 USD
2nd Support11203.34667 USD0.295763333 USD
3rd Support11085.74333 USD0.293020667 USD

 

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Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.
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