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Price Analysis

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 Volume1,683,120,020 USD

8,116,553,015 USD

Circulating Supply

42,238,947,941 XRP106,430,781 ETH
Return on Investment (RoI)6,560.25%

8,186.30%

XRP and ETH Price Chart:

Ripple/Ethereum 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.

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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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