Price Analysis

Ripple vs Bitcoin: Bitcoin Shows a Price Growth while XRP Drops Over a Day

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XRP, that has been exhibiting a steady increase in its price since last couple of days, has witnessed a price fall today. On the other hand, Bitcoin price has increased over a day. It was the last weekend when BTC price surged tremendously and it impacted a majority of the crypto market.

XRP also saw a price rise over $0.46 on 18th June, which then corrected near $0.44. Till yesterday, the crypto-coin has been steadily trading above $0.43 before ranging between $0.43 to $0.42. And today, in the last few hours it has seen a price decline near $0.4200 which is its critical support level. XRP rebounded from there tracing a swing low but has not been able to touch $0.43 price point yet.

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XRP/BTC Current Statistics:

Statistics

Ripple (XRP) Bitcoin (BTC)

Price (USD)

11:29:23 UTC

$0.4242 $9235.77

Market Capitalization

$18,416,512,084

$164,361,643,147

24h Volume

$1,164,893,331

$16,053,213,214

Circulating Supply

42,501,950,124 XRP 17,769,837 BTC
Return on Investment (RoI) 7,276.94%

6,736.27%

 

XRP/BTC Price Chart:

XRP vs BTC Price Chart

 

Comparison:

With an opening price at $0.4288, XRP surged as high as $0.4390 clearing resistance at 0.4310 with a gradual price rise. After another price spike, XRP ended its day with its closing price at $0.4368. It is today when the XRP price gradually dropped below $0.43 and traded near $0.4200, its critical support level, below which an extended price slump is anticipated. From its 24 hours high price, XRP has decreased to 3.37%.

Contrary to XRP, BTC has maintained its price range above $9000, throughout the day. Yesterday morning, BTC price traded below $9100, having its opening price at $9,078.73. Which then maintained its price range between $9000 to $9187. After a price surge above $9200, Bitcoin price has not dropped below $9200. In the last 24 hours, BTC has increased by 1.74%.

Conclusion:

XRP needs to exceed the price point of $0.4300 in order to come out of the bearish impact. If XRP moves upwards it will face resistance at $0.4410 and $$0.4454. However, if the XRP price tumbles, it will see the support price at $0.4100.

Meanwhile, BTC price is already on a bullish spree, if it continues the surge, it will see resistance levels at $9,358.63 and $ 9,443.73. Though if the price falls, support levels to watch out can be $9,129.41 and $8,985.29.

 

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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