Price Analysis

Bitcoin vs. Ripple Price Analysis: Both Bitcoin & Ripple are Leading towards Stability

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  • Both Bitcoin and Ripple have shown three price variations each in the last 24 hours.
  • Both the coins are now moving towards cutting out volatility.

Bitcoin has been able to pull itself from the downtrend. It has gotten its strength back, and the same is happening with Ripple as well. The medium-term outlook of both the coins is bullish. For 2019 the target price for Bitcoin should be 15,000 USD, and for Ripple, it should be 0.9 USD. Let us look at the current details of both the coins now.

Current Statistics of Bitcoin and Ripple-

19th July 08:49 UTC Bitcoin (BTC) Ripple (XRP)
Rank 1st 3rd
ROI (Return on Investment) 7,591.95% 5,312.23%
Coin Circulation 17,825,487 BTC 42,832,704,971 XRP
Market Cap 187,525,749,514 USD 13,679,506,513 USD
Value in USD 10,380 USD 0.3154 USD
All-Time High 20,089 USD 3.84 USD
24h Volume 25,239,250,458 USD 1,441,240,833 USD

Bitcoin vs. Ripple Price Comparison-

Bitcoin vs. Ripple price chart - july 19

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Both the coins have faced three major price swings each in the last 24 hours. However, a major part of yesterday till the present times have shown unpredicted stability in the prices of both the coins. Bitcoin faced its first hike between 00:29 UTC and 06:33 UTC. This hike of 4.13% added 396 USD to the price of BTC. It was followed by a fall of 6.75% between 06:33 UTC and 14:08 UTC. This fall cost the coin 674 USD. The third variation of Bitcoin was a steep upward movement which happened between 14:08 UTC and 16:26 UTC. This movement helped the coin to gain 14.49%.

Similarly, Ripple faced its first swing between 00:37 UTC and 06:35 UTC. This swing of 3.20% added 0.0099 USD. The next variation was a fall of 4.34% that happened over 6 hours and 17 minutes from 06:35 UTC. This fall cost the coin 0.0138 USD. The third variation happened between 12:50 UTC and 15:42 UTC. It added 7.32% or 0.0223 USD to the value of each coin.

Post these three movements, both the coins have shown steady price movement till the current price level.

Bitcoin vs. Ripple Price Prediction-

Both the coins have bullish medium-term outlook. Bitcoin, by the end of 2019, may reach 15,000 USD and Ripple is expected to reach 0.9 USD in this period. There are the resistance and support levels of both the coins.

Bitcoin (BTC) Ripple (XRP)
1st Resistance 11143.28 USD 0.330913333 USD
2nd Resistance 11620.08 USD 0.338650667 USD
3rd Resistance 12503.32 USD 0.350795333 USD
1st Support 9783.24 USD 0.311031333 USD
2nd Support 8900 USD 0.298886667 USD
3rd Support 8423.2 USD 0.291149333 USD

Conclusion-

Both the coins have bullish medium-term, and the existing investors should now aim for maximizing profits on the long-term. Both the coins may not take much time to touch their respective resistance points.

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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