Price Analysis

Ripple vs Ethereum: How Long BTC Bulls will Impact XRP and ETH?

The recent Bull Run in Bitcoin price enabling it to top $10,000 has surely shaken the crypto market. The leading cryptos following Bitcoin seem to have benefitted from the BTC price surge. XRP has already hit the price mark above $0.46 and is currently pulled back near $0.45, while Ethereum has crossed $300 price point and is still trading above it to attain new benchmarks.

It is to be seen how long the impact of the BTC price rally remains over the two major crypto coins. As, only a few days ago, on the previous weekend, Bitcoin price surge had uplifted the prices of both, XRP and ETH.

Current Statistics:

Statistics

Ripple (XRP)Ethereum (ETH)

Price (USD)

11:04:15 UTC

$0.4569

$307.09

Market Capitalization

$19,463,388,100$32,841,359,293
24h Volume$2,027,305,951

$9,811,145,593

Circulating Supply

42,501,950,124 XRP106,594,074 ETH
Return on Investment (RoI)42,501,950,124 XRP

> 9000%

XRP/ETH 4-Hour Price ChartXRP vs ETH Price Chart

 

Ripple and Ethereum Comparison:

After a pullback from $0.46, XRP had been trading stably above $0.4500. It again approached $0.46, though it faced a bounce back from $0.4595. Then, it had a price plunge at $0.4530 breaking support level of $0.456. With a rebound, XRP price traced a swing low near 0.4530 and again reached as high as $0.4595 with an increase of 1.43%. The coin has now traced a bearish trend line and is again showing a price recovery to hit $0.46 and above.

On the other hand, Ethereum has been trading above $300 since today morning and has marked its 3-month high price at $310.43. 4 hours ago, ETH was trading at $307.03 and has gradually surged to $309.95. After a price plunge, it is currently trading at $307.09.

Conclusion:

If XRP continues its upward trend, it may see resistance at $0.4666. Its support level can be at $0.433, $0.4229 and $0.4162 if it takes a fall. Bulls in Ethereum price trend may face resistance at $310.88 and $326.45, though a price fall can take it to the support levels of $279.33 and $263.76.

Tags

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.

Related Articles

Back to top button
Close