Price Analysis

Ethereum (ETH) vs Ripple (XRP): ETH and XRP Struggle to Rebound

ETH and XRP are great for investments and both held right behind Bitcoin. We are going to look into these two coin and see how their prices surge in the long term.

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  • Ethereum (ETH) and Ripple (XRP) both took a nosedive.
  • In the last 24 hours, ETH has decreased to 8.57%, and XRP has decreased to 9.09%.

A few days ago, Ethereum was surging high hitting its 5-month high price point of 288.46 USD. However, in the last couple of days, the ETH price is going through a bit rough patch.

Meanwhile, XRP, the native crypto coin from Ripple, also witnessed a notable price drop in the last 24 hours after a comparatively stable price trend. According to the chart, we can say that both the leading cryptocurrency share a similar price trend.

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Current Statistics:

Statistics

Ethereum (ETH) Ripple (XRP)

Price (USD)

6:44:59 UTC

244.63 USD

0.40 USD

Market Capitalization

26,280,464,792 USD

17,362,548,627 USD

24h Volume

9,745,984,057 USD 17,362,548,627 USD

Circulating Supply

106,345,023 ETH 42,181,995,112 XRP

Return on Investment (RoI)

8,627.32%

6,907.52%

Ethereum and Ripple Price Chart:

ETH/XRP price chart

ETH/XRP Price Comparison:

After breaking its support level at 250 USD, Ethereum price dropped as low as 238.61 USD, which is its 5-day low price mark. On the other hand, Ripple, which was ranging between 0.43 USD to 0.45 USD, went down reaching 0.39 USD price mark. Both the currencies have started to move upwards though yet to see a strong recovery in their prices.

In the last 24 hours, ETH has decreased to 8.57%, while XRP has decreased to 9.09%. After the mentioned price fall, ETH has rebounded to 2.52%, and Ripple has rebounded to 2.56 %.

Conclusion:

Yesterday, crypto investors were hoping to see a strong rebound in both the currencies, but instead, the prices dropped further. Now, it seems, Ethereum and Ripple will take time to make a notable price recovery. However, as both the crypto coins are promising enough, it is yet to see how high their prices surge in the long term.

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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