Price Analysis

Bitcoin Vs. Ripple: BTC & XRP Shares a Tremendous Similarity on the Growth Pattern

  • Bitcoin (BTC) and Ripple (XRP) both share bullish medium-term outlook.
  • Both the coins have shown four major price swings each over the last 24 hours.

Both Bitcoin and Ripple possess prominent positions in the current market. Both the coins have been following a similar line of price movement. There have been four price swings each in case of both Bitcoin and Ripple. The medium-term outlook seems bullish. By the end of 2019, Bitcoin is likely to reach 15,000 USD, and Ripple may touch 0.9 USD. Let us analyze the current details now.

Current Statistics of Bitcoin and Ripple –

23rd July 03:19 UTCBitcoin (BTC)Ripple (XRP)
Rank1st3rd
ROI (Return on Investment)7,511.14%5,361.71%
Coin Circulation17,832,662 BTC42,832,704,971 XRP
Market Cap183,690,392,571 USD13,665,367,385 USD
Value in USD10,269.15 USD0.3196 USD
All-Time High20,089 USD3.84 USD
24h Volume16,269,372,913 USD1,080,595,470 USD

Bitcoin vs. Ripple Price Comparison-

Bitcoin faced its first variation as a fall between 00:13 UTC and 10:00 UTC. This fall cost the coin 2.33%. Similarly, Ripple also had a fall between 00:11 UTC and 10:01 UTC. This fall of 3.18% cost the coin 0.0106 USD. The next variation happened between 11:45 UTC and 14:51 UTC, and in this period; Bitcoin lost 4.07%. And in the same period Ripple coin lost 3.22%. The third variation of Bitcoin was between 17:19 UTC and 19:40 UTC when the coin lost 329.40 USD. And Ripple had its third variation between 19:03 UTC and 20:01 UTC. This third variation of 2.09% cost the coin 0.0068 USD.

BTCXRP price prediction
BTCXRP Price Chart by TradingView

The last variation for Ripple was between 20:01 UTC and 23:48 UTC when the coin gain 1.55% or 0.0049 USD. Similarly, between 19:40 UTC and 03:05 UTC, Bitcoin gain 2.22% or 223.65 USD.

BTC vs. XRP Price Prediction-

Both the coins have bullish medium-term outlook. By the end of 2019, Bitcoin may reach 15,000 USD, and Ripple is likely to touch 0.9 USD. These are the resistance and support levels of both the coins.

Bitcoin (BTC)Ripple (XRP)
1st Resistance10611.62667 USD0.329806333 USD
2nd Resistance10880.14333 USD0.337506667 USD
3rd Resistance11108.49667 USD0.343343333 USD
1st Support10114.75667 USD0.316269333 USD
2nd Support9886.403333 USD0.310432667 USD
3rd Support9617.886667 USD0.302732333 USD

Conclusion- 

Both the coins have bullish medium-term outlook. Investors should now aim for the immediate resistance level with patience. Both the coins share a similar line of growth; Hence, Ripple can be used as a hedging investment against Bitcoin.

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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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