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Price Analysis

Bitcoin Vs. Ripple: BTC & XRP Gains Marginally, But Yet to Make a Significant Step

  • Both Bitcoin and Ripple gains over the last 24 hours.
  • In the medium-term, both the coins have a bullish outlook.

After the last few days’ of price correction, both Bitcoin and Ripple have added some value over the last 24 hours. Bitcoin is up by 1.65% whereas Ripple valued 2.38% more than its previous value. However, both the coins are yet to make any significant step for a concrete bullish rally. Here is an analysis of the price movement of both coins. Let us look at the current statistics of the coins.

Current Statistics of Bitcoin – Ripple

23rd August 02:30 UTCBitcoinRipple
Rank1st3rd
ROI (Return on Investment)7,370.33%4,503.96%
Coin Circulation17,891,412 BTC42,890,708,341 XRP
Market Cap$181,028,629,965$11,562,983,679
Value in USD$10,089$0.2703
All-Time High$20,089$3.84
24h Volume$16,094,673,111$1,068,700,192

Price Comparison for BTC & XRP from Chart-

Price Prediction of BTC - XRP
Price Chart of BTC & XRP

Bitcoin started the day with a price correction of 3.71% which took the coin from 10148 USD to 9770 USD between 00:02 UTC and 02:09 UTC. It was followed by a hike of 3.69% over the next 11 hours, and this hike added 360 USD to the coin by 13:13 UTC. After a few hours of instability, Bitcoin again took an upward movement gaining 172 USD to reach 10,224 USD by 18:38 UTC. The last swing of the coin happened between 18:38 UTC and 02:22 UTC of today where Bitcoin is devalued by 1.27% to reach 10,095 USD.

On the other hand, Ripple started the day with a hike of 5.20% and this made the coin to reach the highest point of the day at 0.2741 USD by 12:46 UTC. It was followed by a marginal fall of 1.63%, and this fall took away 0.0045 USD from the coin. The third swing was another hike of 1.34%, and this hike pushed the coin to 0.2732 USD. The latest swing of the coin happened between 22:36 UTC and 02:22 UTC, and this made the coin to lose 0.0026 USD.

Price Prediction for BTC & XRP

Both the coins are on the growth path currently, but they are yet to achieve their respective potentials. The end of this week may see the value at higher places, and the investors should wait for the long-term to get some real gain.

Resistance & Support LevelsBitcoin (BTC)Ripple (XRP)
1st Resistance$10298.88667$0.275535
2nd Resistance$10466.71333$0.280126
3rd Resistance$10700.42667$0.28691
1st Support$9897.346667$0.26416
2nd Support$9663.633333$0.257376
3rd Support$9495.806667$0.252785

 

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David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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