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