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Price Analysis

Ripple vs Bitcoin: BTC and XRP to Take a Fresh Rise After a Downward Correction

  • Bitcoin corrected down from $11271.88, may take fresh rise
  • Ripple today broke major support near $0.45, went as low as $0.44, regains with a rebound

Since 23rd June, BTC price has been steadily trading above $10000. Yesterday, Bitcoin has gradually surged above $11000 and gave a new 52 Week High price at $11271.88.

Meanwhile, yesterday Ripple was trading with its opening price at $0.4748, from where it increased above $0.48. Later, it gradually pulled back, breaking support at $0.45.

Current Statistics:

Statistics

Ripple (XRP)Bitcoin (BTC)

Price (USD)

08:32:01 UTC

$0.4612$10839.33

Market Capitalization

$19,467,431,656$192,836,652,648

24h Volume

$2,076,888,910

$20,564,677,646

Circulating Supply42,501,950,124 XRP

17,777,175 BTC

Return on Investment (RoI)7,697.90%

7,917.32%

XRP/BTC 1-day Price Chart:

Ripple/Bitcoin Price chart

XRP, with a steady rebound, traced a swing low at $0.4659. It again reached as high as $0.4843 and saw a downward correction there. Today morning, XRP tumbled further and even broke a major support level at $0.45 and reached $0.4479. After a gradual price recovery, XRP is currently above $0.46. In the last 24 hours, XRP has decreased by 2.86%.

Meanwhile, After yesterday’s price spike at $11271.88, Bitcoin also saw a price plunge where it dropped to $10584.82. BTC is on the way of its price recovery, though, it is yet to touch $11000 price mark and trade beyond persistently.

Conclusion:

If Ripple price manages to cross the price range near $0.46, it may see resistance at $0.4746 and $0.4927, if its price sees a drop, it will see support levels at $0.4519 and $0.4473. Bitcoin is currently moving towards $11000 and surpassing the price mark, BTC will see resistance at $11,215.64 and $11,575.91. Though a price fall in BTC can take it to the support levels of $10,525.6 and $10,195.83.

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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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