Price Analysis

Ripple vs Bitcoin: XRP and BTC Slowly Gears Up for Price Recovery

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Bitcoin price had crossed the $13000 price mark on 26th June and after that, the leading crypto coin has seen a notable price decline, as it is currently trading below $12000. The recent price decline seems to have impacted a large part of the crypto market.

XRP price is also going through a bearish zone since a couple of days, as its price bottomed to its 7-day low price mark at $0.39. Currently, the crypto-coin is constantly making an attempt to strike a price recovery.

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Current Statistics:

Statistics

Ripple (XRP) Bitcoin (BTC)

Price (USD)

09:49:54 UTC

$0.4132 $11847.20

Market Capitalization

$17,268,159,899 $211,691,815,594
24h Volume $2,934,289,639

$39,274,290,987

Circulating Supply

42,566,596,173 XRP

17,785,200 BTC
Return on Investment (ROI) 6,806.45%

8,697.26%

XRP/BTC Price Chart

Ripple/Bitcoin Price Chart

Comparison:

Yesterday, XRP was initially ranging between $0.46 to $0.45 which later dropped to its critical support level near $0.42. After hovering between $0.42 to $0.41, XRP failed to hold onto the support level and took a sharp fall to its 7-day low price at 0.3901, recording a decrease of 8.47%. Though, XRP price has rebounded from there tracing an upward trend line. 

Meanwhile, the BTC price has also gradually decreased below $12000 and even touched $10372 price mark with a decrease of 11.09%. It has started to move upwards and is currently above $11000. 

Conclusion:

Both the leading cryptos seems to be facing major resistance at this point of time. If Ripple continues to move upwards, it may see resistance at $0.4200 and $0.4544, while it can see support level at $0.3791, if XRP price takes a downturn.

Ruti Vora

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

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