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Price Analysis

Ripple Leaves Bitcoin behind by Gaining 16% Overnight

  • Ripple gains 16% over the last 24 hours, whereas Bitcoin fails to rise.
  • The medium-term outlook of both the coins is likely to be bullish.

Making an exception, Ripple has left Bitcoin miles away in last day’s price movement race. While BTC has made a cut of 0.19% in the last 24 hours, XRP gained a whopping 16% in this period. Both Bitcoin and Ripple are likely to maintain the course of progress for the next few days.

Bitcoin vs. Ripple Price Analysis

Bitcoin had the biggest fall of the day between 00:01 UTC and 09:28 UTC and this fall cost 135 USD and placed it at 10,137 USD. Later it got a hike of 1.36% and added 137 USD to be placed at 10,275 USD. The third swing came between 20:55 UTC and 23:40 UTC and this swing pushed BTC to 10,176 USD. The last variation showed signs of strengthening, and it could lift the value by 42 USD to touch 10,218 USD.

On the other hand, Ripple’s initial hours were calm, and it started growing at 07:33 UTC, and over the next 9 hours and 12 minutes, it gained 0.0369 USD to reach 0.2986 USD. The second swing for XRP happened between 16:45, and 23:58 UTC and this swing cost 4.57% and placed it at 0.2849 USD.  The last swing for XRP happened between 23:58 and 02:00 UTC, and this swing took it to 0.3119 USD.

BTC vs. XRP Price
BTC vs. XRP Chart

Bitcoin vs. Ripple Price Prediction:

Both BTC and XRP are two of the major coins, but Ripple bounced back stronger than ever. The next few days may not be very bullish for Bitcoin, but Ripple may sustain its value. The medium-term, however, is likely to be bullish for both coins.

Resistance and Support LevelsBitcoin (BTC)Ripple (XRP)
1st Resistance$10,292.11$ 0.299
2nd Resistance$10,342.95$ 0.314
3rd Resistance$10,389.14$ 0.333
1st Support$10,195.08$ 0.265
2nd Support$10,148.89$ 0.245
3rd Support$10,098.05$ 0.231

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Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.

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