Price Analysis

Ethereum Vs. Ripple: Weighing Up Two Major Crypto Coins

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Apparently, Crypto market is having its moment as most of its leading currencies seems to be elevated. Ripple’s native token XRP is also enjoying an uplifting momentum as its price trend shows a steady upward trend for a week.

Meanwhile, Ethereum investors are also cheery since April this year, as the price maintains its drift with a lack of volatility. Ethereum recently crossed the 280 USD price mark and continues in an upward direction.

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Current Statistics:

Statistics

Ethereum (ETH) Ripple (XRP)

Price (USD)

11:46:34-UTC

287.18 USD 0.47 USD

Market Capitalization

30,231,754,721 USD

19,562,144,097 USD

24h volume

11,105,967,141 USD

2,961,523,861 USD

Circulating Supply

106,277,616 ETH

42,116,677,673 XRP

Return Of Interest (ROI)

> 9000%

7,807.52%

ETH and XRP are sharing a similar price trend despite such a huge price gap, while, XRP’s Circulating Supply is pretty high as compared to ETH’s Circulating Supply.

ETH and XRP Price Chart

Ethereum XRP Chart

A month ago, ETH and XRP both were facing a bearish trend, ETH was standing at 160.39 USD price point, while XRP was as low as 0.31 USD. Both the currencies saw a price spike on 11th May when ETH reached at 207.00 USD and XRP touched 0.36 USD mark. A more significant price spike was noted on 16th May when ETH went as high as 272.80 USD and at the same time, XRP reached 0.48 USD. After this, both the currencies saw a pullback. Later, XRP and ETH went through an identical shift in its price trend. In the last 30 days, ETH has surged to 79.05% while XRP has soared with 51.61%.

Conclusion:

While Ethereum is already having its bull run, XRP price is now set to hit higher benchmarks. Crypto investors can now stick with ‘wait and watch’ idea as far as XRP is concerned.

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.

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