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 UTC | Bitcoin (BTC) | Ripple (XRP) |
| Rank | 1st | 3rd |
| ROI (Return on Investment) | 7,187.87% | 5,240.97% |
| Coin Circulation | 17,823,937 BTC | 42,832,704,971 XRP |
| Market Cap | 175,708,257,812 USD | 13,460,249,966 USD |
| Value in USD | 9,753.71 USD | 0.3124 USD |
| All-Time High | 20,089 USD | 3.84 USD |
| 24h Volume | 23,879,590,243 USD | 2,560,464,918 USD |
Bitcoin – Ripple Price Comparison
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.
To get more information about BTC prediction, check out our forecast page.
| Bitcoin (BTC) | Ripple (XRP) | |
| 1st Resistance | 10050.24333 USD | 0.323679333 USD |
| 2nd Resistance | 10406.68667 USD | 0.336745667 USD |
| 3rd Resistance | 10850.24333 USD | 0.351310333 USD |
| 1st Support | 9250.243333 USD | 0.296048333 USD |
| 2nd Support | 8806.686667 USD | 0.281483667 USD |
| 3rd Support | 8450.243333 USD | 0.268417333 USD |
Conclusion-
Bitcoin has started recovering from the past few days’ of fall.
Same as Bitcoin, Ripple has also started recovering from the past few days’ of fall. Both the coins may take some more time to experience price rally.
