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Price Analysis

Bitcoin Vs Ripple: Both Bitcoin (BTC) & Ripple (XRP) Experienced Fall in the Value over 5 Days

  • The bullish medium-term target for Bitcoin and XRP stands around 15,000 USD to 20,000 USD and 0.7 USD respectively.
  • Both the coins have lost some value over the last five days on the whole.

Bitcoin and XRP are two of the finest coins in the current times as far as their market cap and growing users’ base is concerned. Here is an analysis of the price movement of both the coins in the last 5 days and their comparison to help the potential users to amend their investment priority accordingly. Both the coins have bullish medium-term outlook. By the year’s end, Bitcoin may trade around 15,000 USD to 20,000 USD whereas XRP is likely to touch 0.7 USD.

Bitcoin – Ripple Price Statistics-

Bitcoin - Ripple Price Chart
Bitcoin – Ripple Price Chart
16th July 09:13 UTCBitcoin (BTC)Ripple (XRP)
Rank1st3rd
ROI (Return on Investment)7,929.38%5,269.64%
Coin Circulation17,820,412 BTC42,566,596,173 XRP
Market Cap193,491,713,857 USD13,394,612,056 USD
Value in USD10,839.59 USD0.3140 USD
All-Time High20,089 USD3.84 USD
24h Volume22,008,090,948 USD1,296,170,718 USD

Bitcoin – Ripple Price Comparison-

In the last five days, both the coins have shown enough numbers of price swings. Bitcoin’s first movement was a fall of 8% when it lost 962 USD between 01:45 UTC of 11th July and 20:45 UTC of the same day. It was followed by a hike of 7.69% and added 849 USD over the next 24 hours and 15 minutes. The third swing was again a steep fall of 8.96% and the coin lost 1066 USD between 12th July and 13th July. It was again followed by a fall of 13% or 1486 USD between 14th July and 15th July.

Similarly, XRP faced its first fall of 12.03% or 0.0437 USD between 01:35 UTC of 11th July and 20:25 UTC of the same day. This fall was followed by a hike over the next 13 hours and 25 minutes. This hike added 9.49% or 0.0303 USD. Again, a fall of 15.29% was noticed between 12th July and 15th July.

The latest variation for Bitcoin was a hike of 11.02% which added 1095 USD to the coin’s value, and it happened between 02:20 UTC of 15th July and 23:00 UTC of the same day. XRP also ended with a hike of 8.01% when the coin added 0.0237 USD between 15th July and 16th July.

Bitcoin – Ripple Price Prediction-

Both the coins have bullish medium-term outlook. By the year’s end, Bitcoin may trade around 15,000 USD to 20,000 USD and XRP may reach 0.7 USD. These are the resistance points and support levels of both the coins.

 Bitcoin (BTC)Ripple (XRP)
1st Resistance11301.23667 USD0.325172333 USD
2nd Resistance11707.38333 USD0.335034667 USD
3rd Resistance12361.99667 USD0.348286333 USD
1st Support10240.47667 USD0.302058333 USD
2nd Support9585.863333 USD0.288806667 USD
3rd Support9179.716667 USD0.278944333 USD

Conclusion-

Both the coins have shown huge price variations in the last five days. Bitcoin has temporarily been on a slope, but it will have its share of growth very soon. XRP, on the other hand, may grow with a stable pace until the end of 2019.

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Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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