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Price Analysis

Ripple vs Bitcoin: BTC Again Dips Below 8000 USD, XRP Continues with Bearishness

Yesterday, Bitcoin price started its day with a price drop when it again lost its 8000 USD price point. It kept ranging around 7900 USD after that. BTC is struggling to maintain its price above 8000 USD since a week.

Similarly, Ripple price is also witnessing a rough patch, as it has failed to cross the price point of 0.40 USD since 9th June. XRP even dropped as low as 0.38 USD on 10th June.

Ripple and Bitcoin Price Current Statistics:

Statistics

Ripple (XRP)Bitcoin (BTC)

Price (USD)

06:46:36 UTC

0.39 USD7977.91 USD

Market Capitalization

16,632,200,036 USD

141,658,623,182 USD
24h Volume1,203,137,640 USD

17,910,617,318 USD

Circulating Supply

42,238,947,941 XRP

17,754,375 BTC

Return on Investment (RoI)

6,603.70%

5,797.12%

XRP and BTC Price Chart:

Ripple/Bitcoin Price Chart

Comparison:

After a sharp price drop, Ripple and Bitcoin both saw a gradual decrease in their prices. Here, XRP went as low as 0.38 USD while Bitcoin reached 7730.39 USD. However, both the leading cryptos rebounded from there and BTC, clearing resistance at 7880 USD, knocked the price mark of 8081.93 USD gaining an increase of 4.46%. While XRP also surged to 0.40 USD with an increase of 3.78%. In the last 24 hours, XRP has decreased to 2.5% and BTC has declined to 0.93%.

Conclusion:

BTC is likely to move towards 8000 USD mark again. If it crosses 8000 USD, it will see resistance at 8041.22 USD, 8157.02 USD and 8287.65 USD. But, if Bitcoin drops further, then it is expected to get support levels at 7664.16 USD and 7548.36 USD.

Ripple at this point of time seems quite bearish. Though, it may cross the 0.44 USD price mark within weeks if it moves upwards.

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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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