Price Analysis

Ethereum (ETH) vs Ripple (XRP): Despite Major Plunges, ETH and XRP Show Slight Increase in Prices

Ethereum (ETH) and Ripple (XRP) are major cryptocurrencies, they both are right behind Bitcoin. Let's see which will be better investment?

Ethereum (ETH) and Ripple (XRP), both the leading cryptocurrencies are experiencing quite a bit of turbulence in their price since the last couple of days. Yesterday, contrary to what crypto believers were hoping, both the crypto coins saw a further downturn in their prices.

An update has recently come out that Bloomberg Terminal, the market-leading software will soon list an Ethereum-Based Debt Instrument named Cadence. The latest news is expected to ignite some momentum in the price scenario of Ethereum.

Current Statistics of Ethereum Vs Ripple:

Statistics

Ethereum (ETH)Ripple (XRP)

Price (USD)

06:32:12 UTC

242.27 USD0.40 USD

Market Capitalization

25,782,977,147 USD

16,790,684,937 USD

24h Volume

9,391,415,531 USD

2,151,743,515 USD

Circulating Supply

106,360,328 ETH

42,181,995,112 XRP

Return on Investment (RoI)

8,460.88%

6,676.71%

Ethereum and Ripple Price Chart:Ethereum/Ripple Price Chart

Ethereum and Ripple Price Comparison:

Yesterday, ETH and XRP, both took a notable rebound from the price mark of 238.61 USD and 0.39 USD respectively. After a few small plunges, ETH reached as high as 251.16 USD, and XRP touched 0.42 USD price mark. After that, Ethereum faced a noticeable price fall forming a swing low at 234.07 USD. A similar price fall took place in XRP price trend at 0.38 USD.

Despite such bearishness in the crypto pairs, Ethereum has managed to increase to 1.53%, while Ripple has soared to 2.56% in the last 24 hours.

Conclusion:

Both the currencies have already started to move towards recovery. But, it is yet to see when Ethereum and Ripple break out of the bearish trend with a remarkable price hike. In the current scenario, it seems it will take time for ETH and XRP to come up with a strong rebound.

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Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on world's leading digital currencies. She holds graduate degree in journalism.

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