Bitcoin, after the last few days of struggle, has now risen and it is racing towards 10,000 USD currently. On the other hand, Ripple has not shown any signs of growth and still revolves around 0.26 USD. Here is an analysis of the price movement pattern of Ripple and Bitcoin against USD in the last 1 day. Below are the current statistics of both the coins.
- Bitcoin has started recovering from the price correction of the last few days.
- Ripple may take some more time to reach its target.
Bitcoin – Ripple Price Statistics-
|16th August 08:04 UTC||Bitcoin (BTC)||Ripple (XRP)|
|ROI (Return on Investment)||7,244.34%||4,330.51%|
|Coin Circulation||17,879,475 BTC||42,890,708,341 XRP|
|Market Cap||178,229,193,856 USD||11,136,407,424 USD|
|Value in USD||9,907.99 USD||0.2584 USD|
|All-Time High||20,089 USD||3.84 USD|
|24h Volume||22,118,095,355 USD||1,169,247,146 USD|
Bitcoin – Ripple Price Comparison-
BTC – XRP Price Chart
Bitcoin and Ripple have shared an almost similar path of price movement in the last 24 hours. Bitcoin lost 624 USD between 00:09 UTC and 06:24 UTC, on the other hand, Ripple, in the same period, was down by 6.10%. Both the coin experienced an unprecedented rise in the value which took Bitcoin to 10,434 USD and Ripple to 0.2682 USD by 22:31 UTC. The last swing lasted for almost the same minutes and Bitcoin lost 6.17% by 05:46 UTC whereas Ripple was down by 5.02% by the same time. Since then, both the coins have been strengthening marginally.
Bitcoin – Ripple Price Prediction-
Bitcoin has already started recovering from the price correction it faced a couple of days ago. But Ripple, as usually, will take some more days. However, in the long-term, both the coins are likely to justify their ranking and turnaround the situation of the whole market.
|Bitcoin (BTC)||Ripple (XRP)|
|1st Resistance||10607.53333 USD||0.270044667 USD|
|2nd Resistance||10903.51667 USD||0.275207333 USD|
|3rd Resistance||11369.62333 USD||0.282173667 USD|
|1st Support||9845.443333 USD||0.257915667 USD|
|2nd Support||9379.336667 USD||0.250949333 USD|
|3rd Support||9083.353333 USD||0.245786667 USD|
1- Do not invest in every ICO – most of them are a scam.
2- Crypto is a heavily manipulated commodity and the price can change at any moment.
3- The creation cost of a coin represents the “wholesale” price – It is always better to buy when the price is close to the creation cost.
4- Crypto has a natural cash flow that dictates the selling pressure. Like, 1800 bitcoins are mine each day so 1800 bitcoin must be bought at the current price (“means market needs new $18 millions of investment every day if the price is $10,000 to maintain the current price“).
5- Patience and timing are key to making a profit:
Buy, when the price is close to the creation cost.
Sell, when the price is way high off the creation cost.