Bitcoin vs. Ripple Price Analysis: BTC and XRP Value Dropped by More Than 5% in Last 24 Hours

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Steven Mnuchin, US Treasury Secretary, recently warned the Bitcoin and other cryptocurrencies that the usage of the cryptos might shut down in coming ten years. In addition to the same, he always pointed on all the cryptocurrency holders who haven’t paid taxes might be cracked down by the Internal Revenue Service (IRS).

If such a warning is released on a serious note, it might bring a storm in the Cryptocurrency market. With BTC and XRP fluctuating close to similar trades, might be facing some challenges too. However, as of now, Bitcoin and Ripple are seen trending in the same direction from quite a few days. Let’s analyze the price statistics as of today.

Bitcoin- Ripple: Price Analysis on 28^th July 2019

Bitcoin-Ripple Price Comparison

The highest Bitcoin price was seen yesterday at 00:40 UTC trading at $10,195.46. The value dropped by 7.79% at 15:03 UTC when the trading changed to $9319.42 valuation. The value escalated by 2.30% at 23:50 UTC with the trading value of $9537.81. BTC price from then is slightly dropped by 0.48% as of now.

Similarly, the highest of XRP value was seen at 00:10 UTC with a trading value of $0.3278. The value dropped by 6.62% at 10:33 UTC trading changed to $0.3061 value. The value was escalated by 1.69% at 22:34 UTC with the trading value of $0.3113. The value from then is slightly dropped by 0.17% as of now.

Related: Check out Ripple Predictions

BTC vs. XRP Price Prediction and Conclusion

BTC and XRP are exchanging the bearish zone starting at now. Nonetheless, we may most likely observe some better flooding soon that will push the coins into the bullish zone. Until further notice, traders should need to concentrate on ‘purchasing’ the monetary standards under the determined resistance and support levels as: