Bitcoin vs. Ripple Price Analysis: Bitcoin Grows By 2.99% whereas Ripple Makes a Negative Movement

  • Bitcoin gained 2.99% over the last 24 hours, whereas Ripple is down by 2.36%.
  • Ripple’s loss may not be a permanent one, and this may end soon.

In the last 1 day, Bitcoin has managed to get a good growth of 2.99% whereas Ripple is down by 2.36%. In the last couple of days, both the coins have managed to show some decent growth. However, both the coins share a bullish medium-term outlook. We should see the current statistics of the coins now.

Bitcoin – Ripple Price Statistics-

20th August 06:28 UTC Bitcoin (BTC) Ripple (XRP)
Rank 1st 3rd
ROI (Return on Investment) 7,867.97% 4,661.04%
Coin Circulation 17,886,462 BTC 42,890,708,341 XRP
Market Cap 192,914,088,247 USD 11,981,281,334 USD
Value in USD 10,756.22 USD 0.2777 USD
All-Time High 20,089 USD 3.84 USD
24h Volume 16,183,909,893 USD 1,164,790,007 USD

Bitcoin – Ripple Price Comparison-

Bitcoin vs. Ripple price chart - Aug 20

Bitcoin vs. Ripple Price Analysis: Bitcoin Grows By 2.99% whereas Ripple Makes a Negative Movement

Bitcoin’s yesterday opening saw a hike in the value which made the coin to go from 10,274 USD to 10,724 USD by 07:13 UTC. It was followed by the next few hours of stable inclination. The next swing came between 20:51 UTC and 00:00 UTC of today which saw the value at 10,947 USD after a hike of 310 USD. It was followed by a steep dip in the value by 1.75% and after a cut of 191 USD; the coin was forced to be at 10,755 USD currently by 06:04 UTC.

On the other hand, Ripple coin also initiated with a hike of 3.78% and this hike took the coin to 0.2905 USD. It was soon followed by a price correction, and it cost the coin almost 4.5%. By 16:21 UTC, the coin was being traded near 0.2773 USD. Between 19:35 UTC and 22:37 UTC, Ripple had a hike of 2.38%, and it placed the coin at 0.2832 USD.  The latest variation came as another decline in the value of each coin against USD. With a decline of 2.09%, the coin was being traded at 0.2772 USD.

Bitcoin – Ripple Price Prediction-

Though Ripple has lost some value, it has not gotten into slumber. Looking at the past few days of rising, it can be said that the coin would bounce back soon. Bitcoin, at the same time, is racing towards 11,000 USD. The two coins may show enormous growth before 2020.

Bitcoin (BTC) Ripple (XRP)
1st Resistance 11117 USD 0.285535667 USD
2nd Resistance 11317.95 USD 0.292646333 USD
3rd Resistance 11719.85 USD 0.296201667 USD
1st Support 10514.15 USD 0.274869667 USD
2nd Support 10112.25 USD 0.271314333 USD
3rd Support 9911.3 USD 0.264203667 USD

Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.

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