Both Bitcoin and Ripple are Declining; Turnaround Seems Unlikely

Bitcoin has been down by 2.03% in the last 24 hours, and this fall has finally put a halt on all the hopes for a recovery anytime soon. Following the market trend, Ripple has also lost 1.10% in this period. However, as per expert prediction and historical data, both the coins are likely to have decent growth before this year ends.

Bitcoin vs. Ripple Price Analysis and Forecast

Bitcoin opened the day near $10,500 and at 00:36 UTC the coin started strengthening. Over the next 11 hours and 43 minutes, BTC gained $360 to reach $10,928.78. This was followed by a slight weakening of position by 0.35% and it made the Bitcoin price to be placed at $10,890.63 at 16:56 UTC. It was followed by a steep fall of 6.08% in the next 3 hours and 18 minutes and this fall took the BTC to the lowest point of the day at $10,229. Towards the closing, the coin started taking a plunge, and by 02:28 UTC, the Bitcoin gained $146 to touch $10,377.83.

Similarly, Ripple also started the day with a hike of 1.45% and this hike between 00:23 UTC and 12:29 UTC, added $0.0037 to the XRP coin. After a few hours of volatile fluctuations, Ripple faced significant fall of 4.23%, which placed the value at $0.2486 at 20:12. This made the lowest moment of the XRP coin for the day. It was followed by a hike of 1.40%, and it helped the Ripple to roam around $0.2521.

Both the coins are now on a negative price movement, and this is the same across almost all the major coins. However, the two coins may have a bullish run before 2020 sets in. According to our Bitcoin price prediction and current price formation, the coin might continue to trade downwards. Following are the probable resistance and support levels of the coins.