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Price Analysis

Bitcoin Vs. Ripple: When Bitcoin (BTC) Is Surging, Ripple (XRP) Seems To Have A Contradicting Move

  • Ripple is yet to start growing against the gradual hike of Bitcoin.
  • Both the coins are expected to have a price rally before the year’s end, which will result in a bullish outlook.

Ripple, as the third-largest coin of the current times, is taking more than usual time to bounce back of the setbacks it has recently faced. On the other hand, the king of all coins, Bitcoin has been on a roll now. Over the last 24 hours, the two coins didn’t even show any resemblance as far as their movement pattern is concerned. However, both the coins are expected to reach a bullish point by the year ends.

Bitcoin – Ripple Price Statistics-

Bitcoin - Ripple Price Prediction
Bitcoin – Ripple Price Chart
6th August 05:19 UTCBitcoin (BTC)Ripple (XRP)
Rank1st3rd
ROI (Return on Investment)8,563.01%5,366.01%
Coin Circulation17,860,450 BTC42,872,646,068 XRP
Market Cap209,011,767,892 USD13,793,603,376 USD
Value in USD11,724.69 USD0.3202 USD
All-Time High20,089 USD3.84 USD
24h Volume21,619,184,312 USD1,184,505,649 USD

Bitcoin – Ripple Price Comparison-

Bitcoin started its day with a whopping 7.54% growth between 00:18 UTC and 07:43 UTC. This growth revalued the coin to 11,853.32 USD. After a few hours of price correction, BTC again confronted with a jump of 2.72%, and this helped the coin to jump to 11,952.01 USD. However, from 17:05 UTC, the coin started weakening and lost 3.13% over 9 hours and 18 minutes to find itself at 11,577.34 USD at 02:24 UTC of today.

On the other hand, XRP couldn’t show such positive stunts. Though it started with a 3.55% jump soon, it went down by 2.24%. The first hike took the coin to 0.3314 USD, and the fall pushed the value to 0.3239 USD. These two movements created a pyramidal growth pattern. The last swing happened between 16:44 UTC and 02:12 UTC of today. This movement cost the coin 0.0111 USD.

Bitcoin – Ripple Price Prediction-

Bitcoin and Ripple both are expected to experience bullish medium-term outlook. There might be multiple reasons for the inability of XRP coin to take off. But the absence of strong fundamentals is not one of them. The target price for BTC and XRP are respectively 15,000 USD and 0.9 USD.

 Bitcoin (BTC)Ripple (XRP)
1st Resistance12146.91333 USD0.330182 USD
2nd Resistance12488.17667 USD0.3368 USD
3rd Resistance13081.26333 USD0.342186 USD
1st Support11212.56333 USD0.318178 USD
2nd Support10619.47667 USD0.312792 USD
3rd Support10278.21333 USD0.306174 USD

 

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Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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