- Both Bitcoin and Ripple gains over the last 24 hours.
- In the medium-term, both the coins have a bullish outlook.
After the last few days’ of price correction, both Bitcoin and Ripple have added some value over the last 24 hours. Bitcoin is up by 1.65% whereas Ripple has been valued 2.38% more than its previous value. However, both the coins are yet to make any significant step for a concrete bullish rally. Here is an analysis of the price movement of the two coins. Let us look at the current details of the coins first.
Bitcoin – Ripple Price Statistics-
| 23rd August 02:30 UTC | Bitcoin (BTC) | Ripple (XRP) |
| Rank | 1st | 3rd |
| ROI (Return on Investment) | 7,370.33% | 4,503.96% |
| Coin Circulation | 17,891,412 BTC | 42,890,708,341 XRP |
| Market Cap | 181,028,629,965 USD | 11,562,983,679 USD |
| Value in USD | 10,089 USD | 0.2703 USD |
| All-Time High | 20,089 USD | 3.84 USD |
| 24h Volume | 16,094,673,111 USD | 1,068,700,192 USD |
Bitcoin – Ripple Price Comparison-
Bitcoin started the day with a price correction of 3.71% which took the coin from 10148 USD to 9770 USD between 00:02 UTC and 02:09 UTC. It was followed by a hike of 3.69% over the next 11hours, and this hike added 360 USD to the coin by 13:13 UTC. After a few hours of instability, Bitcoin again took an upward movement gaining 172 USD to reach 10,224 USD by 18:38 UTC. The last swing of the coin happened between 18:38 UTC and 02:22 UTC of today where Bitcoin is devalued by 1.27% to reach 10,095 USD.
On the other hand, Ripple started the day with a hike of 5.20% and this hike made the coin to reach the highest point of the day at 0.2741 USD by 12:46 UTC. It was followed by a marginal fall of 1.63%, and this fall took away 0.0045 USD from the coin. The third swing was another hike of 1.34%, and this hike pushed the coin to 0.2732 USD. The latest swing of the coin happened between 22:36 UTC and 02:22 UTC, and this made the coin to lose 0.0026 USD.
Bitcoin – Ripple Price Prediction-
Both the coins are on the growth path currently, but they are yet to achieve their respective potentials. The end of this week may see the value at higher places, and the investors should wait for the long-term to get some real gain.
| Bitcoin (BTC) | Ripple (XRP) | |
| 1st Resistance | 10298.88667 USD | 0.275535 USD |
| 2nd Resistance | 10466.71333 USD | 0.280126 USD |
| 3rd Resistance | 10700.42667 USD | 0.28691 USD |
| 1st Support | 9897.346667 USD | 0.26416 USD |
| 2nd Support | 9663.633333 USD | 0.257376 USD |
| 3rd Support | 9495.806667 USD | 0.252785 USD |
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