Price Analysis

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

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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. 

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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. 

BTCXRP price chart July 26

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)
Market Ranking 1 3
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
R3 10,499.7 0.32697
R2 10,326.97 0.324167
R1 10,119.41 0.319488
S1 9,739.12 0.312006
S2 9,566.39 0.309203
S3 9,358.83 0.304524

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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