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.
July 24, 2019
"number of xRapid transactions increased 170% from Q1 to Q2 and Ripple had a 30% increase in the number of live xRapid partners in Q2"
This is one of the most extensive reports ever.https://t.co/5k6q4ljeOS
— XRP Research Center (@XrpCenter) July 24, 2019
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:
|26th July at 07:36 UTC||Bitcoin (BTC)||Ripple (XRP)|
|Return of Investment (ROI)||7106.53%||5193.60%|
|Coin Circulation||17,838,362 BTC||42,832,704,971 XRP|
|Market Cap||173,931,678,204 USD||13,318,297,412 USD|
|24 Hour Volume||14,848,984,169 USD||974,414,641 USD|
|Value in USD||9787.71 USD||0.3139 USD|
|All-Time High||20,089.00 USD||3.84 USD|
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.
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:
|Resistance Support Level||BTC||XRP|