Price Analysis

Bitcoin vs. Ripple Price Analysis: Both Bitcoin and Ripple Starts Gaining; Full Recovery May Take Time

  • Both Bitcoin and Ripple have shown huge price swings in the last 24 hours.
  • Both the coins may take some more time to bounce back completely.

Bitcoin and Ripple are two major coins of the current times, which have attracted the attention of a huge number of investors. Amidst all the volatility in the market, here is an analysis of the price movement of both the coins in the last 24 hours. The medium-term outlook of both the coins is bullish. Bitcoin and Ripple are likely to be around 15,000 USD and 0.9 USD by the end of 2019.

Bitcoin – Ripple Price Statistics-

18th July 08:28 UTCBitcoin (BTC)Ripple (XRP)
Rank1st3rd
ROI (Return on Investment)7,187.87%5,240.97%
Coin Circulation17,823,937 BTC42,832,704,971 XRP
Market Cap175,708,257,812 USD13,460,249,966 USD
Value in USD9,753.71 USD0.3124 USD
All-Time High20,089 USD3.84 USD
24h Volume23,879,590,243 USD2,560,464,918 USD

Bitcoin – Ripple Price Comparison

Bitcoin vs. Ripple price chart - july 18

Bitcoin faced its first variation as a fall of 3.52%. Between 00:42 UTC and 02:48 UTC, the coin lost 337.57 USD. Another fall was noticed between 08:13 UTC and 11:48 UTC. This fall of 5.57% cost the coin 535 USD. It was again followed by a hike of 9.78%. This was the highest hike Bitcoin got in the last 24 hours. This hike between 11:48 UTC and 19:02 UTC added 887 USD off the price.

Ripple started the day with a huge push of 10.27% between 02:07 UTC and 16:55 UTC. This hike added 0.0302 USD to the price of Ripple. This was followed by a fall of 4.97% over the next 7 hours and 47 minutes starting from 16:55 UTC. This fall cost Ripple 0.0161 USD. This fall was again followed by a hike of 2.20% and the coin added 0.0068 USD.

The fourth variation of Bitcoin was in terms of another fall of 3.75% over 5 hours and 29 minutes from 19:02 UTC. This fall cost the coin 374.26 USD. And the final variation was a hike of 4.13% between 00:31 UTC and 06:37 UTC. Similarly, Ripple had its final variation as a hike of 2.20% between 03:47 UTC and 06:34 UTC. This hike added 0.0068 USD to the value of Ripple.

Bitcoin – Ripple Price Prediction-

Both Bitcoin and Ripple have bullish medium-term outlook. By the end of 2019, Bitcoin and Ripple are likely to reach 15,000 USD and 0.9 USD respectively. Here are the details of the resistance points and support levels of both the coins.

Bitcoin (BTC)Ripple (XRP)
1st Resistance10050.24333 USD0.323679333 USD
2nd Resistance10406.68667 USD0.336745667 USD
3rd Resistance10850.24333 USD0.351310333 USD
1st Support9250.243333 USD0.296048333 USD
2nd Support8806.686667 USD0.281483667 USD
3rd Support8450.243333 USD0.268417333 USD

Conclusion-

Bitcoin and Ripple have started recovering from the past few days’ of fall. Both the coins may take some more time to experience price rally.

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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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