Price Analysis

Bitcoin vs. Ripple Price Analysis: BTC and XRP Value Dropped by More Than 5% in Last 24 Hours

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Steven Mnuchin, US Treasury Secretary, recently warned the Bitcoin and other cryptocurrencies that the usage of the cryptos might shut down in coming ten years. In addition to the same, he always pointed on all the cryptocurrency holders who haven’t paid taxes might be cracked down by the Internal Revenue Service (IRS).

If such a warning is released on a serious note, it might bring a storm in the Cryptocurrency market. With BTC and XRP fluctuating close to similar trades, might be facing some challenges too. However, as of now, Bitcoin and Ripple are seen trending in the same direction from quite a few days. Let’s analyze the price statistics as of today.

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Bitcoin- Ripple: Price Analysis on 28th July 2019

28th July at 07:59 UTC Bitcoin (BTC) Ripple (XRP)
Market Ranking 1 3
Return on Investment (ROI) 6944.33% 5205.51%
Coin Circulation 17,842,550 BTC 42,832,704,971 XRP
Market Cap 170,056,957,820 USD 13,348,272,843 USD
24 Hour Volume 15,404,439,883 USD 1,016,462,526 USD
Value in USD 9471.97 0.3102
All-Time High 20,089.00 USD 3.84 USD

Bitcoin-Ripple Price Comparison

The highest Bitcoin price was seen yesterday at 00:40 UTC trading at $10,195.46. The value dropped by 7.79% at 15:03 UTC when the trading changed to $9319.42 valuation. The value escalated by 2.30% at 23:50 UTC with the trading value of $9537.81. BTC price from then is slightly dropped by 0.48% as of now.

Bitcoin vs. Ripple price chart - july 28

Similarly, the highest of XRP value was seen at 00:10 UTC with a trading value of $0.3278. The value dropped by 6.62% at 10:33 UTC trading changed to $0.3061 value. The value was escalated by 1.69% at 22:34 UTC with the trading value of $0.3113. The value from then is slightly dropped by 0.17% as of now.

BTC vs. XRP Price Prediction and Conclusion

BTC and XRP are exchanging the bearish zone starting at now. Nonetheless, we may most likely observe some better flooding soon that will push the coins into the bullish zone. Until further notice, traders should need to concentrate on ‘purchasing’ the monetary standards under the determined resistance and support levels as:

Resistance Support Level BTC XRP
R3 10,715.29 0.341092
R2 10,441.31 0.333689
R1 9,959.49 0.322108
Pivot Point 9,685.51 0.314705
S1 9,203.69 0.303124
S2 8,929.71 0.295721
S3 8,447.89 0.28414

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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