Ripple vs Ethereum: ETH Bullishly Crosses $300, while XRP Still Awaits a Price Boost
Over a month, the crypto market has gone through major ups and downs largely due to Bitcoin’s impacting price moves. BTC price had seen two massive price surges in which, the first one caused it to climb above $10000 price mark, while the second one caused it to reach above $13000. However, after downward correction, the leading crypto is trading around $11000.
The first uptrend in BTC price propelled XRP price to hit its 3-month high price above $0.50, and ETH to cross $300 price point. Later, carrying an effect of the second BTC price surge, XRP again surged above $0.48 and ETH went as high as $358.38.
XRP/ETH Current Statistics:
|
Statistics |
Ripple (XRP) | Ethereum (ETH) |
|
Price (USD) 07:27:58 UTC |
$0.3940 | $305.27 |
| Market Capitalization | $16,774,591,061 |
$32,768,161,118 |
|
24h Volume |
$1,171,733,475 | $8,493,847,488 |
| Circulating Supply | 42,566,596,173 XRP |
106,810,385 ETH |
|
Return on Investment (ROI) |
6,609.05% |
> 9000% |
Ripple vs Ethereum Price Chart:
After its second price spike at $0.4909, XRP took a steady price fall at $0.39 breaking major support level at $0.45, $0.42 and $0.40. After correcting upwards, XRP reached $0.42 and again dropped near $0.40.
After this, Ripple saw quite a bearish phase as its price has been ranging below $0.41. In the last few days, it has even traded below its key support level of $0.38 and bounced back to its narrow price range of $0.39. The coin is still struggling to reach above $0.40.
Also, XRP’s current price is 6.78% lower than its 20-day SMA of $0.4227, showing its current bearish nature, which has caused the crypto-coin to face the selling pressure.
Meanwhile, Ethereum had also nosedived from its 3-month high price point to its price range below $300 hitting price point at $287.73. However, ETH price has managed to again reach above $300 and has been maintaining its price range there since yesterday.
Moreover, Ethereum is in the strong buy momentum as it has seen a notable price recovery. Its current price is 1.95% higher than its 20 day SMA of $299.41.
Prediction:
XRP may see resistance levels at $0.4013 and $0.4057 as it is currently moving upwards, though with quite a slow pace. It can see support levels at $0.3901 and $0.3832 if its price further plunges. On the other hand, Ethereum may see resistance at $315.19 and $324.68 while it may see support levels at $291.16 and $276.62 if it faces bears in its price trend.
