Ripple vs Ethereum: XRP and ETH Gearing Up for Much Awaited Price Recovery
After a week-long bearishness, the crypto market seems to be witnessing a mild rise in its valuation. Yesterday, Bitcoin had dropped heavily below $10,000 and its price is still below $10,000 but is on the way of price recovery.
Major altcoins, Ripple and Ethereum are also taking an uptrend but a bit slowly as ETH is still below $230 but has moved up notably from yesterday’s low price at $193.99.
Meanwhile, XRP has also crossed the price barrier near $0.30 and has been trading above $0.30 since 12:28 UTC yesterday. The coin is consolidating near $0.31 at present.
Current Statistics:
| Statistics | Ripple (XRP) | Ethereum (ETH) |
| Price (USD) 06:59:17 UTC | $0.3162 | $219.59 |
| Market Capitalization | $13,514,051,762 | $23,377,710,762 |
| 24h Volume | $2,589,553,304 | $9,520,238,610 |
| Circulating Supply | 42,832,704,971 XRP | 106,946,048 ETH |
| Return on Investment (ROI) | 5,271.41% | 7,619.73% |
XRP/ETH Price Chart:
Yesterday morning, XRP was as low as $0.29 and it gradually rose above $0.30 and then reached to $0.32. It then corrected down to $0.31 and has been remaining above $0.30. Since today morning, the coin has been traded above $0.31 except one low swing near $0.308. In the last 24 hours, XRP has increased to 6.21%. ETH was already below $200 and it managed to reach above $219 and then pulled back to $210. The coin is currently correcting up above $215.
Conclusion:
XRP may see further resistance at $0.3236 and $0.3367 and, while it will see support levels at $0.296 and $0.2815. Also, Ethereum’s immediate resistance can be at $221.64 and $231.81, and support levels at $197.65 and $183.83.
