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Price Analysis

Ripple vs Ethereum: ETH Price Climbs Over $330, While XRP Still Struggles at the Resistance Above $0.46

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Today, Bitcoin has struck another remarkable price surge and reached above $12,000. Echoing the same price move, leading cryptocurrencies such as Ethereum and XRP have also shown a price rise.

However, XRP price surge is currently witnessing turbulence as the currency is fighting with bears above $0.46 price mark. Since a couple of days, XRP price is struggling to maintain its price over $0.47.

On the other hand, ETH price has been growing steadily, as it has just crossed $330 price level while hitting its new 3-month high price at $335.96.

Current Statistics:

Statistics

Ripple (XRP)Ethereum (ETH)

Price (USD)

09:08:41 UTC

$0.4693$331.43
Market Capitalization$20,309,576,707

$35,430,538,813

24h Volume

$2,366,258,252$11,720,237,081

Circulating Supply

42,566,596,173 XRP

106,647,688 ETH

Return on Investment (ROI)8,022.88%

> 9000%

XRP/ETH 1-Day Price Chart 

Ripple/Ethereum Price Chart

Comparison:

Yesterday, XRP had its opening price at $0.4705 which then saw quite a bit of fluctuation. It kept hovering between $0.4736 to $0.4589 and closed the day with its price at 0.4682. Today, it has shown notable upward correction but is yet to see some stability above $0.47. Also, it has marked a 24-hour high price as high as $0.4808. 

Meanwhile, ETH has marked a steady price rise over the last 24 hours. Ethereum was expected to see resistance near $320, which was well cleared after today’s sharp spike at its 3-month high price of $336.33, ETH has maintained its price above $325. In the last 24 hours, Ethereum has increased to 6.67%.

Conclusion:

If XRP strikes above $0.47 and continues upward, it may see resistance at $0.4749 and $0.4816. It needs to stay above $0.45 to avoid any extended price drop. If it drops, it can see support levels at $0.4602 and $0.4522.

Moreover, ETH price is already bullish, and if it maintains the same uptrend it will see resistance at $332.12, while a price fall can take it to the support level at $304.14.

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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.
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