Price Analysis

Bitcoin Vs. Ripple: Both BTC & XRP Seem to Have Chosen the Stable Path

  • Both Bitcoin and XRP have shown four major price swings in the last 24 hours.
  • The target of 2019 for Bitcoin remains around 15,000 USD to 20,000 USD and XRP may touch 0.7 USD.

Bitcoin and Ripple have been showing a similar trend of price movements in the past few days. Both the coins have been moving with decent stability. Here is an analysis of the price movement of both Bitcoin and XRP in the last 24 hours. Both the coins have bullish medium-term outlook. By the end of 2019, Bitcoin is expected to trade around 15,000 USD to 20,000 USD price point whereas XRP may touch 0.7 USD. Let us look at the current details of the coins now.

Bitcoin – Ripple Price Statistics:

22nd July 09:57 UTCBitcoin (BTC)Ripple (XRP)
Rank1st3rd
ROI (Return on Investment)7,670.09%5,440.89%
Coin Circulation17,831,512 BTC42,832,704,971 XRP
Market Cap187,475,596,340 USD13,914,601,268 USD
Value in USD10,450.01 USD0.3228 USD
All-Time High20,089 USD3.84 USD
24h Volume15,824,976,679 USD960,636,256 USD

BTC – XRP Price Comparison:

BTCXRP price chart July 22
BTCXRP Price Chart by TradingView

Bitcoin faced its first fall by 2.94% between 00:34 UTC and 08:11 UTC and led the coin to trade around 10,517.38 USD. The next variation was another dip of 3.69% between 09:20 UTC and 16:58 UTC where the coin lost 396 USD from the price of 10,740.55 USD. It was followed by a hike of 324 USD or 3.14% between 16:58 UTC and 00:16 UTC. The latest variation was a fall of 1.97% over the next 9 hours and 18 minutes from 00:16 UTC and it cost the coin 210 USD.

Similarly, XRP faced its first fall of 2.48% between 01:12 UTC and 08:11 UTC. The next variation was between 09:21 UTC and 17:00 UTC. This fall of 3.12% cost Ripple 0.0104 USD. It was followed by a hike of 3.32% over the next 7 hours and 5 minutes from 17:00 UTC. This hike of 3.32% added 0.0107 USD to the coin. The latest variation was a fall of 2.51% that happened between 00:08 UTC and 09:12 UTC. This variation cost the coin 0.0083 USD.

Bitcoin – Ripple Price Prediction:

Both Bitcoin and XRP have bullish medium-term outlook. These are the resistance points and support levels of both the coins.

Bitcoin (BTC)Ripple (XRP)
1st Resistance10830.8 USD0.337016667 USD
2nd Resistance11062.49 USD0.342724333 USD
3rd Resistance11283.09 USD0.349578667 USD
1st Support10378.51 USD0.324454667 USD
2nd Support10157.91 USD0.317600333 USD
3rd Support9926.22 USD0.311892667 USD

Conclusion-

Long-term holding is the key for yielding maximum returns. In the long-term Ripple may work as a hedge again Bitcoin’s price volatility.

Tags

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.
Event Information
Event Information
Back to top button