Bitcoin Vs. Ripple: The Value of XRP and BTC Dropped by More Than 3% Since Yesterday’s Highest

President Nicolas Maduro of Venezuela has approved the authorization of using an application to collect the aeronautical taxes and convert the same into Bitcoin which are sanctioned at the airport. This might help BTC to raise its bars in terms of supplies and an increased number of users in the network. 

Ripple, on the other hand, is enjoying the increased number of transactions by 170% in the 2nd Quarter. We hope to see a simultaneous surging in both the coins. 

https://twitter.com/XrpCenter/status/1154066982918074368

Bitcoin vs. Ripple Price Analysis 

In the BTC price chart, yesterday the highest value was initially seen at 01:15 UTC with a trading value of $10183.61. The value dropped by 2.32% at 13:38 UTC yesterday when the trading was realized at $9943.30. In the next few hours, around 16:00 UTC, the value escalated by 1.11% trading at $10056.05. Today at 00:20 UTC, the value dropped by 3.94% with a trading value of $9662.72. From then on, the value is slightly escalated by 1.18% as of now. 

The similar trend was noticed in Ripple price chart as well. The highest touchdown was seen yesterday at 00:37 UTC with the trading value of $0.3232. The value was dropped by 2.81% at 13:35 UTC trading at $0.3142. The value then saw a slight escalation by 1.03% at 16:00 UTC. Today, at 02:30 UTC, the value was dropped by 3.07% trading at $0.3077. The value from then is slightly increased by 1.79% as of now. 

Current Statistics of BTC and XRP:

Bitcoin vs. Ripple Price Prediction and Conclusion

Bitcoin, as seen from past few weeks, is trading in the downtrend, inviting more investors to purchase the coin as of now. If you want to find more information about BTC prediction, visit our forecast page.

The similar trades are noticed with XRP as well. Since the value is trading in the bearish zone, it might be an ideal time for the new and existing traders to buy XRP coin for better returns in the future with a strong portfolio. 

The resistance and support levels are seen as follows: