Price Analysis

Ethereum Vs Ripple: Ethereum (ETH) And Ripple (XRP) Move Sideways In Last 5 Days

  • Ethereum dips by 1.4 %, explore the Middle East market for expansion
  • Ripple celebrates 1-year of Xspring launch to increase mass adoption of the platform

Ethereum has successfully established its presence in major markets of the globe and continues to explore new options to increase its reach. The firm is currently in talks for Middle East expansion to trigger mass adoption of ETH in the new territories. On the other hand, Ripple has also been taking measures to promote its platform by celebrating the first anniversary of its customized solution Xspring. The current market performances of both coins show progress.

ETH-XRP Price Statistics:

In the last 5 days, ETH has dipped from $300.42 to its current value at $295.96 as noted on July 3, 2019, at 10:13:00 UTC. The coin initially started surging and reached $320 but then dropped steeply to $272.05. There has been a slight surge since yesterday when the coin crossed $300 again. Overall, ETH has shown downtrend of over 1.4% in the last 5 days. On the other hand, XRP has been moving sideways in the same time period and currently trading at $0.40, which was also its value 5 days earlier. XRP surged to $0.42 then dropped to $0.41 before showing a steep dip at $0.38.

ETH-XRP Price Chart - 3 July
ETH-XRP Price Chart
Statistics Ethereum (ETH)Ripple (XRP)
Price  (USD)295.960.40
Price (BTC)0.026164690.00003550
Market Capitalization31,587,504,00917,120,789,126
24h volume11,102,215,4161,595,443,735
Circulating Supply106,740,861 ETH42,566,596,173 XRP
Return on Investment>9000%6,753.30%

The price of ETH is falling from $350 to $320 and now below $300 since last few weeks. On the other hand, XRP has nothing new to report as the coin still moves around $0.40 value.

ETH-XRP Price Prediction:

Both ETH and XRP are top cryptocurrencies alongside Bitcoin and influence the market trends. ETH recorded a 90-days surge by moving past $361 while XRP surged as high as $0.50 in the last 30-days. Both coins have to grow exponentially now and may reach their respective highs of the month in the next few weeks. While ETH may cross $400 target, XRP may start trading above $0.50 for permanent.

Conclusion:

This is the perfect time to invest in currencies like ETH and XRP for huge dividends in the long-term.

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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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