Ripple vs Bitcoin: BTC Shoots Up Above $10,000; XRP Surges Over $0.45
Bitcoin has smashed its 15-month high record and has topped the $10,000 price mark. BTC crossing the remarkable price seems to have impacted the crypto market to quite a level.
Presumably, due to this, XRP has shown a notable price increase over a day. Yesterday, the coin which was making efforts to cross $0.43 is today heading towards $0.46.
Current Statistics:
|
Statistics |
Ripple (XRP) | Bitcoin (BTC) |
|
Price (USD) 12:11:27 UTC |
$0.4572 |
$10765.17 |
|
Market Capitalization |
$19,405,799,947 |
$191,690,879,311 |
|
24h Volume |
$2,019,664,678 |
$25,198,070,654 |
|
Circulating Supply |
42,501,950,124 XRP | 17,773,075 BTC |
| Return on Investment (RoI) | 7,673.21% |
7,871.52% |
XRP/BTC Price Chart:
Ripple and Bitcoin Price Comparison:
Yesterday, BTC was initially trading within a price range of $9,525.07 to $9940, though, after striking a price surge, BTC ended the day with its closing price at $10,144.56. The leading cryptocurrency has continued the bullish trend today, and it has knocked its 15-month high price at $10,884.57.
Meanwhile, yesterday XRP traded between $0.43 to $0.44, which then surged over $0.45 today, presumably due to BTC’s record-breaking surge over $10000. Today, XRP has touched its 7-day high price at $0.461 after Bitcoin achieved its 15-month high price point. Both the eminent crypto coins have traced a bullish trend line within almost the same time frame.
Conclusion:
This is the second time when the BTC price rally has triggered XRP price to surge above major resistance prices. If XRP’s bullishness long lasts, it may see resistance at $0.4666. Though a fall in its price may take it to the support levels of $0.433, $0.4229 and $0.4162. Also, if Bitcoin’s massive price surge continues, it will face resistance at $10,970.55, it may see support price at $9,731.57 and $9,318.57 if the price tumbles.
