Ripple vs Ethereum: XRP and ETH Rebounds Slowly, Currently Faces Resistance
The recent price pullback in Bitcoin had left a larger part of the crypto market severely wounded especially, XRP. As BTC price came down to $10,000 from its price above $13,000, XRP rapidly lost its price gains in just a week.
This had caused XRP to trade as low as $0.30 and today the coin has started to move upwards and make recovery. Meanwhile, Ethereum had also shed quite a bit of its price, as it was trading above $300 a week ago and now the price is even below $230, proving overall bearishness.
Current Statistics:
| Statistics | Ripple (XRP) | Ethereum (ETH) |
| Price (USD) 06:57:35 UTC | $0.3126 | $228.21 |
| Market Capitalization | $13,415,830,596 | $24,487,194,985 |
| 24h Volume | $1,292,880,507 | $7,605,181,899 |
| Circulating Supply | 42,566,596,173 XRP | 106,918,777 ETH |
| Return on Investment (RoI) | 5,265.70% | 7,988.17% |
XRP/ETH Price Chart
Yesterday morning price actions of both the coins were so bearish that it caused XRP to see the bottom at $0.2954 and ETH to reach at $203.65. After that, both the coins are on the way of price recovery, though, with quite a slow pace and are expected to meet a few price hurdles as they are much below their key support levels.
XRP had surged to $0.3219 with a 9.09% increase and then pulled back to the price range of $0.31. Meanwhile, after an upward correction, ETH has maintained its price above $220 after ranging between $234 to $230 for a while.
Conclusion:
XRP may see resistance at $0.3251 and $0.335 if it continues to trade upwards, while its possible support levels can be at $0.302 and $0.2880. Ethereum’s immediate resistance can be at $231.53 and, support levels at $215.1 and $200.43.
