Price Analysis

Ripple vs Ethereum: How XRP and ETH Prices Have Transformed the Crypto Market Over a Month

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  • In a month’s duration, ETH has increased notably, while XRP tumbled
  • ETH had its 30-day high price at 288.29 USD; XRP’s 30-day high price at 0.47 USD

XRP, since last one week is having a rough patch as it is failing to maintain its price level above 0.40 USD. It was yesterday when XRP hit the price point of 0.41 USD after a long wait. However, currently, XRP is pulled back to 0.40 USD.

Meanwhile, Ethereum is having a bullish vibe as yesterday it went above 263 USD. ETH since then has declined a bit but the price has been trading above 253 USD, having strong support at 250 USD.

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Current Statistics:

Statistics

Ripple (XRP) Ethereum (ETH)

Price (USD)

06:33:27 UTC

0.40 USD 254.38 USD
Market Capitalization 17,084,468,815 USD

27,315,475,372 USD

24h Volume

1,232,439,233 USD

8,299,000,937 USD

Circulating Supply

42,501,950,124 XRP

106,482,316 ETH

Return on Investment (RoI) 6,743.38%

8,959.33%

XRP and ETH Price Chart:

Ripple/Ethereum Price Chart

Comparison:

On 16th May, XRP had its 30-day high price of 0.48 USD, from where it saw a gradual pullback causing it to bottom at 0.36 USD, with a decrease of 24.62% in just 10 hours. In a similar price move, ETH also went down from 273.10 USD to 228.40 USD with a price decline of 16.37% in almost the similar time frame as XRP.

Later, on 30th May, Ethereum surged remarkably and reached its 30-day high price of 288.29 USD at the same time, XRP also surged to 0.47 USD. Since then, XRP has shown a price decline of 14.8% and ETH has decreased to 21.37% till now. In the last 30 days, XRP price has dropped to 6.97% while ETH price has increased to 11.76%.

Conclusion:

Ethereum appears volatile and is likely to have a bullish impact over its price trend. If ETH maintains its uptrend, it may face resistance at 260.26 USD, 264.35 USD and 266.56 USD. However, if the price makes a downward move it will see support levels at 253.96 USD and 251.74 USD.

On the other hand, XRP is also holding its price level at 0.40 USD, except for recent price fluctuations. If XRP taps on a bullish vibe, it will face resistance level at 0.413 USD and will see support prices at 0.398 USD and 0.395 if the price drops.

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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