Bitcoin Vs. Ripple: When Bitcoin (BTC) Is Surging, Ripple (XRP) Seems To Have A Contradicting Move

Bitcoin - Ripple Bitcoin - Ripple
  • Ripple is yet to start growing against the gradual hike of Bitcoin.
  • Both the coins are expected to have a price rally before the year’s end, which will result in a bullish outlook.
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    Ripple, as the third-largest coin of the current times, is taking more than usual time to bounce back of the setbacks it has recently faced. On the other hand, the king of all coins, Bitcoin has been on a roll now. Over the last 24 hours, the two coins didn’t even show any resemblance as far as their movement pattern is concerned. However, both the coins are expected to reach a bullish point by the year ends.

    Bitcoin – Ripple Price Statistics-

    6th August 05:19 UTC Bitcoin (BTC) Ripple (XRP)
    Rank 1st 3rd
    ROI (Return on Investment) 8,563.01% 5,366.01%
    Coin Circulation 17,860,450 BTC 42,872,646,068 XRP
    Market Cap 209,011,767,892 USD 13,793,603,376 USD
    Value in USD 11,724.69 USD 0.3202 USD
    All-Time High 20,089 USD 3.84 USD
    24h Volume 21,619,184,312 USD 1,184,505,649 USD

    Bitcoin – Ripple Price Comparison-

    Bitcoin started its day with a whopping 7.54% growth between 00:18 UTC and 07:43 UTC. This growth revalued the coin to 11,853.32 USD. After a few hours of price correction, BTC again confronted with a jump of 2.72%, and this helped the coin to jump to 11,952.01 USD. However, from 17:05 UTC, the coin started weakening and lost 3.13% over 9 hours and 18 minutes to find itself at 11,577.34 USD at 02:24 UTC of today.

    On the other hand, XRP couldn’t show such positive stunts. Though it started with a 3.55% jump soon, it went down by 2.24%. The first hike took the coin to 0.3314 USD, and the fall pushed the value to 0.3239 USD. These two movements created a pyramidal growth pattern. The last swing happened between 16:44 UTC and 02:12 UTC of today. This movement cost the coin 0.0111 USD.

    Bitcoin – Ripple Price Prediction-

    Bitcoin and Ripple both are expected to experience bullish medium-term outlook. There might be multiple reasons for the inability of XRP coin to take off. But the absence of strong fundamentals is not one of them. The target price for BTC and XRP are respectively 15,000 USD and 0.9 USD.

    Bitcoin (BTC) Ripple (XRP)
    1st Resistance 12146.91333 USD 0.330182 USD
    2nd Resistance 12488.17667 USD 0.3368 USD
    3rd Resistance 13081.26333 USD 0.342186 USD
    1st Support 11212.56333 USD 0.318178 USD
    2nd Support 10619.47667 USD 0.312792 USD
    3rd Support 10278.21333 USD 0.306174 USD