fbpx
Price Analysis

Ripple vs Ethereum: While ETH Moves Down Towards $300, XRP is Already Below its Key Support

Smarter_way_USA

Bitcoin’s recent Bull Run above $12k had created enough stir in the crypto market causing a majority of the cryptocurrencies to trade with a bullish impact. Due to that, XRP also could strike a price recovery as it had reached above $0.40 yesterday. However, the coin has again a tap on the bearish vibe and is currently trading even below $0.40.

On the other hand, Ethereum price has manifested a bit of stability in its price as it has kept its price position intact, above $300 from past 2 days. However, it has traced a bearish trend line over a day after mounting as high as $318 and then moving below $310.

Current Statistics:

Statistics

Ripple (XRP)Ethereum (ETH)

Price (USD)

06:50:54 UTC

$0.3943

$307.46

Market Capitalization$16,765,000,268

$33,063,666,613

24h Volume

$1,412,857,083$10,377,760,427
Circulating Supply42,566,596,173 XRP

106,837,043 ETH

Return on Investment (ROI)

6,605.21%

> 9000%

XRP/ETH Price Chart

Ripple/Ethereum Price Chart

Comparison:

XRP, after initially maintaining its price range above $0.40, took a sharp fall at $0.3943 with a decrease of 2.19%. The coin struggled to move above $0.40 but after a bit of price turbulence, the price trend shifted down near $0.39. The coin since then has not touched $0.40 price mark. Over the last 24 hours, XRP has shown a decrease of 1.72%. 

Meanwhile, ETH has also witnessed a gradual fall after hitting its Yesterday’s high price mark above $315. However, its key support level near $300 is untouched as yet. In the last 24 hours, ETH has declined by 1.87%.

Conclusion:

If Ripple takes an uptrend, it may see major resistance at $0.4033 and $0.4126, while a further price drop can take it to support levels near $0.388 and $0.382. Also, ETH can see resistance at $316.3 and $323.73, and support levels at $303.37 and $297.87.

Tags

Ruti Vora

Ruti has recently joined CryptonewsZ as a writer and has been writing on other cryptocurrency sites as well. Having a background of tech field makes her versatile with a keen interest in literature. You will find her surrounded by books and music when she is not on work. You can also contact her on Linkedin or Facebook.
Event Information
Event Information
Back to top button