Bitcoin Vs. Ripple: BTC & XRP May Spend this Whole Quarter before Seeing any Significant Improvement

Fibo Quantum

Bitcoin and Ripple were in worse shape than they were a few days back. Both the coins have lost a significant amount of value in the last few days. However, these coins are likely to bounce back by the end of this quarter and reach 15,000 USD & 0.9 USD by the end of this year. Before analyzing the price trends, here are the details of the two coins.

Current Statistics of Bitcoin & Ripple-

BTC - XRP Price Prediction
BTC – XRP Price Chart
30th July 07:00 UTC Bitcoin (BTC) Ripple (XRP)
Rank 1st 3rd
ROI (Return on Investment) 6,925.08% 5,184.19%
Coin Circulation 17,846,662 BTC 42,872,646,068 XRP
Market Cap 169,621,426,365 USD 13,307,543,254 USD
Value in USD 9493.48 USD 0.3107 USD
All-Time High 20,089 USD 3.84 USD
24h Volume 13,638,671,016 USD 785,856,052 USD

Bitcoin – Ripple Price Comparison-

Bitcoin was at its peak at 01:47 UTC when it was near 9702 USD. Soon the coin faced a downfall of 2.81% and lost 272 USD within almost 8 hours. Soon the coin got a push which made the coin to gain 169 USD in the next 6 and a half hours by 1.80% change in the price. Similarly, Ripple had its first fall between 01:36 UTC and 09:40 UTC when the coin faced a loss of 2.19%. It was soon compensated by a hike of over 1%, adding 0.0034 USD to each Ripple coin.

The third variation for Bitcoin came as a dip in the value against USD. Over 1 hour and 42 minutes, the coin lost 181 USD. The latest variation was also a dip in the price. This fall of 1.51% deducted 143 USD from the coin by 03:08 UTC of today. Ripple was devalued by 1.42% over 11 hours from 16:03 UTC and lost 0.0044 USD. The final swing came in terms of a small yet decisive sign of strength which hiked the value by 1.24%.

Bitcoin – Ripple Price Prediction-

Both the coins are being crushed under market pressure now. But looking at the past trend, it can be said these coins have the potential to fight back and recover. By the end of 2019, Bitcoin and Ripple are likely to be traded around 15,000 USD and 0.9 USD. The details of the resistance and support levels are as follows.

Bitcoin (BTC) Ripple (XRP)
1st Resistance 9668.173333 USD 0.315338 USD
2nd Resistance 9783.486667 USD 0.318388 USD
3rd Resistance 9991.423333 USD 0.324002 USD
1st Support 9344.923333 USD 0.306674 USD
2nd Support 9136.986667 USD 0.30106 USD
3rd Support 9021.673333 USD 0.29801 USD

Conclusion-

There is a growing consensus about gloomy days ahead of these two coins. But the existing holders may get high yields if they aim at long-term holding.