Bitcoin Vs. Ripple: BTC & XRP Seem to Have Lost the Track; No Signs of Growth for Now
- 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)|
|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.
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.
Related: Check our XRP Price Forecast
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 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|
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.