Ripple vs Bitcoin: XRP Again Dips Below $0.4, BTC Price Remains Above $11k

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Bitcoin price had been witnessing a bit bearish impact in its price trend recently as it had been trading around $10000 and in fact, even went as low as $9,737.88. It is today when BTC price has again surged above $11000 with a notable price recovery.

However, XRP has failed to catch up with the pace of Bitcoin price. In the last couple of days, XRP price has been dropping heavily as it has traded below major support levels. Today, XRP had initiated to recover its price, but recently the coin has traced a downtrend below $0.40.

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Current Statistics:

Statistics

Ripple (XRP) Bitcoin (BTC)

Price (USD)

09:14:57 UTC

$0.3964 $11047.57

Market Capitalization

$17,394,245,313

$196,498,740,948
24h Volume $1,652,145,145 

$31,151,577,805

Circulating Supply

42,566,596,173 XRP 17,795,075 BTC
Return on Investment (ROI) 6,856.88%

8,061.35%

XRP/BTC Price Chart

Ripple/Bitcoin Price Chart

Comparison:

After testing the support level at 0.3826, XRP started to recover and corrected upwards. Since today morning, XRP had been maintaining its price range above $0.4 until now.

Yesterday, after quite a bit of price turbulence, Bitcoin bottomed at $9698.63. From there it has been on a bullish spree as yesterday it traded above $10000. Moreover, today the leading crypto coin has cleared major resistance in the range of $10000 and is now above $11000.

Conclusion:

If XRP manages to move above $0.40 it may see resistance at $0.4118 and $0.4234. Though a price drop can take it to the support levels of $0.3865 and $0.3728. While Bitcoin’s price hike can face resistance at $11,229.95 and $11,658.23 and it can see support levels at $10,055.64 and $9,309.61.

Ruti Vora

Ruti regularly contributes in-depth news articles for leading cryptocurrencies. She contributes technical chart-based price updates and analysis pieces on the world's leading digital currencies.

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