Price Analysis

Ripple vs Bitcoin: XRP Hits its 30-Day High Price, while BTC Continues its Bull-run

The past weekend pushed bulls for the crypto market and the price surge in the leading crypto coins still exists. Notably, Bitcoin crossed major resistance levels and it went above 9300 USD. Being the most influential cryptocurrency, the price surge of BTC has put a strong impact over a majority of the cryptocurrencies.

Amidst that, XRP has been enjoying a remarkable price surge since last weekend. XRP, which was struggling to cross barriers at 0.40 USD, has crossed major resistance at 0.45 USD yesterday.

Ripple and Bitcoin Current Statistics:

Statistics

Ripple (XRP)Bitcoin (BTC)

Price (USD)

06:29:58 UTC

0.4496 USD9168.59 USD

Market Capitalization

19,042,878,320 USD163,108,107,053 USD
24h Volume2,132,411,112 USD

15,490,369,281 USD

Circulating Supply

42,501,950,124 XRP17,765,237 BTC
Return on Investment (ROI)7,527.84%

6,685.89%

XRP/BTC 1-Day Price Chart:

Ripple/Bitcoin Price Chart

Comparison:

Yesterday, XRP price was initially ranging between 0.42 USD to 0.43 USD. Later, it saw a sharp price surge reaching to its 30-days high price point of 0.4632 USD with a 7.89% increase. However, it gradually pulled back and is currently trading at 0.4496 USD. In the last 24 hours, XRP has shown price rise of 3.69%.

Meanwhile, instead of a sharp spike, BTC had a gradual price surge tracing an impulse wave which reached as high as 9467.26 USD. Lter, Bitcoin also faced a gradual pullback and over the last 24 hours, BTC has surged to 1.64%.

Conclusion:

The price trends of both, BTC and XRP appears to be quite bullish. Ripple is likely to trace higher price spikes if it crosses 0.455 USD and $0.460 resistance levels. Though a price drop below 0.42 USD can take it to the support levels of 0.41 USD and 0.40 USD.

Meanwhile, Bitcoin believers are expecting the BTC price to cross the 10k USD mark. However, it seems a bit far as BTC might need to head towards the target price at a rapid pace.

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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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