Price Analysis

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:

StatisticsRipple (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 Supply42,832,704,971 XRP106,946,048 ETH
Return on Investment (ROI)5,271.41%7,619.73%

XRP/ETH Price Chart:

XRP vs. Ethereum Price Chart - July 18
XRP/ETH Chart by TradingView

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.

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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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