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Price Analysis

Ripple vs Bitcoin: BTC Again Crosses $11000, While XRP Struggles to Touch $0.47

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  • Bitcoin Shows an uptrend, while XRP is moving downward since today morning
  • BTC maintains above $11000, meanwhile, XRP struggles to cross $0.47

In its 1 day-chart, XRP has traced a decreasing price trend, contrary to Bitcoin, which has continued to trade upwards. Yesterday, Ripple started its day with a sharp price fall from $0.4670 to $0.4494, breaking a major support level at $0.45. 

At the same time, Bitcoin also saw a price fall at $10606.80. Notably, before that, it was touched as high as $11,000. BTC had a steady rebound and before closing the day yesterday, it managed to climb above $11000 again. 

Current Statistics of Ripple and Bitcoin:

Statistics

Ripple (XRP)Bitcoin (BTC)

Price (USD)

08:33:05 UTC

$0.4685

$11307.38

Market Capitalization

$19,838,847,860

$200,692,976,328

24h Volume 

$1,566,762,875$21,074,984,068
Circulating Supply42,566,596,173 XRP

17,779,400 BTC

Return on Investment (RoI)7,834.61%

8,242.90%

XRP/BTC 1-Day Price Chart:

Ripple/Bitcoin Price Chart

On the other hand, after XRP’s price plunge yesterday, it rebounded to $0.4674 and then corrected downwards. Later, XRP price surged above $0.47 and remained there till today. Today, XRP has tumbled down to $0.4661 and is currently struggling to remain above $0.47. Here, XRP has traced a bearish trend line.

Conclusion:

XRP needs to cross the price barrier above $0.46 in order to strike a further price surge. If XRP takes an upward move, it will see resistance at $0.4773 and $0.4847, while its major support levels are $0.4573  and $0.4447. 

Meanwhile, Bitcoin is expected to continue its Bull Run, though it will face resistance at $11,181.19 and $11,351.28, and its possible support levels can be at $10,725.72 and $10,440.34.

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Ruti Vora

Ruti has recently joined CryptonewsZ as a writer and has been writing on other cryptocurrency sites as well. Having a background of tech field makes her versatile with a keen interest in literature. You will find her surrounded by books and music when she is not on work. You can also contact her on Linkedin or Facebook.
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