Price Analysis

Bitcoin Vs. Ripple: Bitcoin (BTC) & Ripple (XRP) Strengthens Overnight; a Rally Seems Unlikely

  • Bitcoin grows by 2.08% in the last 1 day, and Ripple is also up by 1.25%.
  • Both the coins may have to wait long before encountering a price rally.

Bitcoin, as the pioneer coin, has shown marginal growth over the last 24 hours and the 2.08% hike helped the coin to get an advancement of 300 USD above 10,000 USD price level. Similarly, Ripple also is up by 1.25% in this period. Both the coins have shown four major price swings each and let us find out the current statistics of the coins now.

Bitcoin – Ripple Price Statistics-

24th August 03:22 UTCBitcoin (BTC)Ripple (XRP)
Rank1st3rd
ROI (Return on Investment)7,543.08%4,561.62%
Coin Circulation17,893,425 BTC42,909,539,227 XRP
Market Cap185,175,955,557 USD11,778,926,353 USD
Value in USD10,332,95 USD0.2739 USD
All-Time High20,089 USD3.84 USD
24h Volume15,419,315,764 USD958,619,745 USD

Bitcoin – Ripple Price Comparison-

BTC - XRP Price Prediction
BTC – XRP Price Chart

Bitcoin had its first swing between 00:28 UTC and 07:04 UTC, and in this period, the coin got a hike of 1.86% that added 186 USD to the coin.  After a few hours of steep fall, Bitcoin again got strengthened by 3.49% and reached 10,431 USD by 13:40 UTC. It was, however, followed by a fall of 1.04% and this pushed the coin to 10,321 USD by 20:41 UTC. The last swing happened between 22:12 UTC and 03:07 UTC and this swing came as a fall of 1.37% and after losing 142 USD the coin reached at 10,308 USD.

Similarly, Ripple also initiated the day with a strengthening sign of 1.96%. Between 00:28 UTC and 07:01 UTC, Ripple added 0.0053 USD. The second variation happened between 10:08 UTC and 16:48 UTC and this hike of 3.02% helped the coin to reach 0.2793 USD by 16:48 UTC and this is the highest point of the coin for the day. This value could not be sustained for a long time, and it weakened soon and fell to 0.2752 USD by 20:51 UTC. After a few hours of volatility, the last price change happened between 21:48 UTC and 03:05 UTC and this swing cost the coin 0.0045 USD.

Bitcoin – Ripple Price Prediction-

Though the two coins have gained in the last 1 day, they are way behind the margin to bring a bullish rally. The medium-term of the coins is bullish, and before this year ends, both the coins are likely to grow swiftly. The details of the next probable resistance and support levels are listed below.

 Bitcoin (BTC)Ripple (XRP)
1st Resistance10540.87667 USD0.279888667 USD
2nd Resistance10673.78333  USD0.283232333 USD
3rd Resistance10905.12667  USD0.288896667 USD
1st Support10176.62667 USD0.270880667 USD
2nd Support9945.283333 USD0.265216333 USD
3rd Support9812.376667 USD0.261872667 USD

 

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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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