BTC & XRP Both Are in Negative; Early Recovery Seems Unlikely

Fibo Quantum

  • Bitcoin is down by 0.22%, and Ripple lost 0.94% in the last 24 hours.
  • Both the coins may take more than usual time to see a recovery.

BTC and XRP, as two of the high ranked coins, have not been able to yield any significant growth over the last 24 hours. However, Bitcoin price got a hike of 300 USD over this period as ICE (Intercontinental Exchange) started Bakkt Futures allowing investors to hedge with crypto coins. And this is likely to benefit Bitcoin, as it has a high user base. The overall growth of both the coins in the last 24 hours is negative. Let us find out the current statistics of the coins.

Current Statistics of Bitcoin and Ripple

17th August 02:56 UTC Bitcoin (BTC) Ripple (XRP)
Rank 1st 3rd
ROI 7,543.58% 4,350.63%
Coin Circulation 17,880,825 BTC 42,890,708,341 XRP
Market Cap 185,167,178,706 USD 11,164,887,988 USD
Value in USD 10,316.73 USD 0.2607 USD
All-Time High 20,089 USD 3.84 USD
24h Volume 19,907,406,088 USD 1,136,374,509 USD

Bitcoin Vs. Ripple Comparison

BTC vs XRP Price Chart - 17 Aug 2019
BTC vs XRP Price Chart By TradingView

Bitcoin opened the day near 10,300 USD price level, and by 02:23 UTC, it started showing its first fall. At 05:48 UTC, the Bitcoin price was trading at 9767.77 USD. However, it was followed by a hike of 4.43% that took the BTC coin to 10,200.34 USD by 11:52 UTC. Similarly, Ripple coin had its first swing as a deduction in the value against USD. Starting from 01:41 UTC to 05:49 UTC, the coin was down by 3.92%. From 05:49 UTC, Ripple started strengthening and reached 0.2618 USD by 09:38 UTC.

The third swing in BTC price came as another phase of growth between 14:57 UTC and 17:16 UTC. This took the Bitcoin to the highest point of the day at 10,538 USD. The last swing came as a shock to the market when Bitcoin fell to 10,243 USD by 01:05 UTC of today. XRP, on the other hand, started gaining soon and by 17:13 UTC, it was being traded near 0.2633 USD. The final variation cut 0.0041 USD from the Ripple coin and pushed coin price to 0.2592 USD.

BTC – XRP Price Prediction

Both the coins have huge potential to perform in the market, and the medium-term outlook is likely to be bullish for both, Bitcoin and Ripple. The details of the resistance and support levels are as follows,

Bitcoin (BTC) Ripple (XRP)
1st Resistance 10647.3 USD 0.265956333 USD
2nd Resistance 10920.26 USD 0.269941667 USD
3rd Resistance 11316.17 USD 0.274431333 USD
1st Support 9978.43 USD 0.257481333 USD
2nd Support 9582.52 USD 0.252991667 USD
3rd Support 9309.56 USD 0.249006333 USD