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Ethereum (ETH) and Ripple (XRP), both the leading cryptocurrencies are experiencing quite a bit of turbulence in their price since the last couple of days. Yesterday, contrary to what crypto believers were hoping, both the crypto coins saw a further downturn in their prices.
An update has recently come out that Bloomberg Terminal, the market-leading software will soon list an Ethereum-Based Debt Instrument named Cadence. The latest news is expected to ignite some momentum in the price scenario of Ethereum.
Current Statistics of Ethereum Vs Ripple:
|
Statistics |
Ethereum (ETH) | Ripple (XRP) |
|
Price (USD) 06:32:12 UTC |
242.27 USD | 0.40 USD |
|
Market Capitalization |
25,782,977,147 USD |
16,790,684,937 USD |
|
24h Volume |
9,391,415,531 USD |
2,151,743,515 USD |
|
Circulating Supply |
106,360,328 ETH |
42,181,995,112 XRP |
|
Return on Investment (RoI) |
8,460.88% |
6,676.71% |
Ethereum and Ripple Price Chart:
Ethereum and Ripple Price Comparison:
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Yesterday, ETH and XRP, both took a notable rebound from the price mark of 238.61 USD and 0.39 USD respectively. After a few small plunges, ETH reached as high as 251.16 USD, and XRP touched 0.42 USD price mark. After that, Ethereum faced a noticeable price fall forming a swing low at 234.07 USD. A similar price fall took place in XRP price trend at 0.38 USD.
Despite such bearishness in the crypto pairs, Ethereum has managed to increase to 1.53%, while Ripple has soared to 2.56% in the last 24 hours.
Conclusion:
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Both the currencies have already started to move towards recovery. But, it is yet to see when Ethereum and Ripple break out of the bearish trend with a remarkable price hike. In the current scenario, it seems it will take time for ETH and XRP to come up with a strong rebound.
