Price Analysis

Ethereum vs Ripple: How ETH and XRP Have Justified their Position?

eToro

Over the last one month, Ethereum has shown a significant price shift with an increase. But in the previous 3 days, ETH price has been dropping frequently, with a bearish trend in it.

The similar price rise has also been noted in XRP over last one month. Around 30 days ago, Ripple was trading at 0.31 USD price level, which is now ranging around 0.40 USD. Though, since 3rd June, XRP price has been tumbling too.

eToro Crypto

Current Statistics:

Statistics

Ethereum (ETH) Ripple (XRP)

Price (USD)

10:26:07 UTC

245.57 USD 0.40 USD

Market Capitalization

26,338,517,242 USD

17,022,702,421 USD

24h Volume

8,190,853,497 USD

1,483,257,437 USD

Circulating Supply

106,376,160 ETH

42,181,995,112 XRP

Return on Investment (RoI)

8,644.04%

6,770.36%

ETH & XRP Price Chart:ETH/XRP price chart

Comparison:

The chart clearly shows a sharp rise on 30th May for ETH and XRP. ETH, at the time, reached as high as 287.82 USD clearing resistance at 282 USD price level. While XRP hit the price point at 0.48 USD, clearing resistance at 0.46 USD. Here, ETH had shown an increase of 62.24% and XRP surged to 55.90%. Also, in the last 30 days, prices of ETH and XRP have risen to 41.95%, and 29.03% respectively. However, since the last couple of days, the crypto prices are struggling to take an upward movement.

Conclusion:

It is today when we have noticed positive movement in both the cryptocurrencies after a couple of days. Looking at its one-month price chart, it seems that If ETH and XRP maintain an upward shift, both prices are soon likely to recover strongly. In the long term, ETH can probably touch 300 USD price mark till the end of this year, though, the short term still appears bearish.

Ruti Vora

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

Related Articles

Back to top button