Ripple vs Ethereum: XRP and ETH Yet to Strike a Strong Rebound
Bitcoin, the most influential cryptocurrency struggles to cross 8000 USD, while the other two crypto coins, Ethereum and Ripple also haven’t struck a strong rebound in their price trend till now.
Ethereum last time touched 250 USD price mark on 8th June. After that, ETH has indicated a steady decline in its price. It had its 7-day low price point yesterday at 227.45 USD.
Ripple and Ethereum Price Current Statistics:
|
Statistics |
Ripple (XRP) | Ethereum (ETH) |
|
Price (USD) 11:00:44 UTC |
0.38 USD |
234.20 USD |
|
Market Capitalization |
16,524,404,574 USD |
24,972,541,592 USD |
| 24h Volume | 1,683,120,020 USD |
8,116,553,015 USD |
|
Circulating Supply |
42,238,947,941 XRP | 106,430,781 ETH |
| Return on Investment (RoI) | 6,560.25% |
8,186.30% |
XRP and ETH Price Chart:
Comparison:
After maintaining its range at 0.41 USD, XRP price tumbled heavily post breaking support at 0.38 USD. Ripple dropped to 0.37 USD and after starting its price recovery, it managed to reach 0.39 USD price point, which now has again dropped to 0.38 USD. In the last 24 hours, It has shown a decline of 5%.
Meanwhile, ETH has also seen a similar bearish price trend. ETH went as low as 231.05 USD from 244.28 USD. However, after this, both the currencies have noted an Inverse Head and Shoulders pattern in their price trend which points out that the cryptocurrencies will see a price hike soon. In the last 24 hours, ETH has decreased to 4.12%.
Conclusion:
At present, both the cryptocurrencies are heading towards price recovery. Apparently, XRP is likely to see resistance at 0.41 USD if it surges. Additionally, Ethereum is also likely to surge looking at its price path, it may see resistance point at 244.90 USD.
