Price Analysis

Bitcoin Vs. Ripple: BTC & XRP Seem to Have Lost the Track; No Signs of Growth for Now

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  • Bitcoin and Ripple share a similar line of restraints over the last 24 hours.
  • Both the coins have shown four major price swings each in this period.

Bitcoin and Ripple, two rising coins have been put on radar by many investors as they have been showing weaknesses in the market over the past few days. Days have not been very far when Bitcoin was raging against USD and went beyond even 13,000 USD. But probably no one ever could have predicted this sudden dismal performance in this short span. Over the last 24 hours as well, the coins have lost their subsequent value. However, experts predict a bullish future for both the coins by the end of 2019.

Bitcoin – Ripple Price Statistics:

24th July 07:41 UTC Bitcoin (BTC) Ripple (XRP)
Rank 1st 3rd
ROI (Return on Investment) 7,056.29% 5,123.20%
Coin Circulation 17,834,787 BTC 42,832,704,971 XRP
Market Cap 173,108,254,836 USD 13,149,312,926 USD
Value in USD 9666 USD 0.3065 USD
All-Time High 20,089 USD 3.84 USD
24h Volume 17,804,018,525 USD 968,977,947 USD

BTC – XRP Price Comparison:

The last 24 hours have been fully volatile for both the leading coins. Bitcoin slipped by 4.21% over 10 hours and 39 minutes starting from 00:12 UTC. This fall deducted 434 USD from the value of Bitcoin. The next swing happened after showing some signs of strength. It surged by 3.14% or 310 USD during the 6 hours between 14:14 UTC and 20:14 UTC.

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BTC – XRP Price Comparison

Similarly, XRP lost 3.61% of its value and deducted 0.0116 USD over 7 hours and 32 minutes starting from 03:09 UTC.  After this steep fall, it tried to recover. The recovery from 13:30 UTC to 20:03 UTC made the coin to gain 2.71% of its price.

The third price swing of Bitcoin was a major one as it dragged the coin to 9600 USD price level and it made the coin to lose 556 USD. However, for the last few hours, Bitcoin has been trying to stand on its feet by moving forward with 100 USD gain. On the other hand, XRP lost a whopping 4% between 20:03 UTC and 00:07 UTC. This was followed by a small yet significant rise of 1.09% over the next 6 hours and 28 minutes.

Bitcoin – Ripple Price Prediction:

Bitcoin and Ripple have been supported by strong fundamentals. It is expected that Bitcoin may trade around 15,000 USD to 20,000 USD by this year’s end and XRP must be eyeing 0.7 USD for the same time frame. Below are the details of the resistances and support levels of both the coins.

Bitcoin (BTC) Ripple (XRP)
1st Resistance 10203.81333 USD 0.318966 USD
2nd Resistance 10506.85667 USD 0.328006 USD
3rd Resistance 10666.96333 USD 0.333663 USD
1st Support 9740.663333 USD 0.304269 USD
2nd Support 9580.556667 USD 0.298612 USD
3rd Support 9277.513333 USD 0.289572 USD

Conclusion-

Bitcoin is still the biggest name in the whole industry and it is not likely to lose any of its shine in the near future. The trading volume is ought to rise and its impact can be seen in the whole market including Ripple.

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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