Bitcoin Vs. Ripple: Bitcoin (BTC) & Ripple (XRP) Gains Marginally, But Yet to Make a Significant Step

Fibo Quantum

  • Both Bitcoin and Ripple gains over the last 24 hours.
  • In the medium-term, both the coins have a bullish outlook.

After the last few days’ of price correction, both Bitcoin and Ripple have added some value over the last 24 hours. Bitcoin is up by 1.65% whereas Ripple has been valued 2.38% more than its previous value. However, both the coins are yet to make any significant step for a concrete bullish rally. Here is an analysis of the price movement of the two coins. Let us look at the current details of the coins first.

Bitcoin – Ripple Price Statistics-

23rd August 02:30 UTC Bitcoin (BTC) Ripple (XRP)
Rank 1st 3rd
ROI (Return on Investment) 7,370.33% 4,503.96%
Coin Circulation 17,891,412 BTC 42,890,708,341 XRP
Market Cap 181,028,629,965 USD 11,562,983,679 USD
Value in USD 10,089 USD 0.2703 USD
All-Time High 20,089 USD 3.84 USD
24h Volume 16,094,673,111 USD 1,068,700,192 USD

Bitcoin – Ripple Price Comparison-

BTC - XRP Price Prediction
BTC – XRP Price Chart

Bitcoin started the day with a price correction of 3.71% which took the coin from 10148 USD to 9770 USD between 00:02 UTC and 02:09 UTC. It was followed by a hike of 3.69% over the next 11hours, and this hike added 360 USD to the coin by 13:13 UTC. After a few hours of instability, Bitcoin again took an upward movement gaining 172 USD to reach 10,224 USD by 18:38 UTC. The last swing of the coin happened between 18:38 UTC and 02:22 UTC of today where Bitcoin is devalued by 1.27% to reach 10,095 USD.

On the other hand, Ripple started the day with a hike of 5.20% and this hike made the coin to reach the highest point of the day at 0.2741 USD by 12:46 UTC.  It was followed by a marginal fall of 1.63%, and this fall took away 0.0045 USD from the coin. The third swing was another hike of 1.34%, and this hike pushed the coin to 0.2732 USD. The latest swing of the coin happened between 22:36 UTC and 02:22 UTC, and this made the coin to lose 0.0026 USD.

Bitcoin – Ripple Price Prediction-

Both the coins are on the growth path currently, but they are yet to achieve their respective potentials. The end of this week may see the value at higher places, and the investors should wait for the long-term to get some real gain.

  Bitcoin (BTC) Ripple (XRP)
1st Resistance 10298.88667 USD 0.275535 USD
2nd Resistance 10466.71333 USD 0.280126 USD
3rd Resistance 10700.42667 USD 0.28691 USD
1st Support 9897.346667 USD 0.26416 USD
2nd Support 9663.633333 USD 0.257376 USD
3rd Support 9495.806667 USD 0.252785 USD