On August 08, Bitcoin was trading around $11898.11 while Ripple was valued around $0.3081. However, today after 25-days, both the coins have shown a substantial amount of decline. Bitcoin has made a dip of 17.74%, while Ripple slowed down by 17.36%. In the last 7-days of trading, the duo had gone further down where BTC has slowed down by 5.38% from its trading price of $10,358.18 on August 27. In a similar way, XRP dropped by 5.6% from $0.2701, at the same time duration.
BTC – XRP Price Prediction:
If you look at the intraday action in the coins, both have been a bit sluggish where BTC has moved a bit in the green zone, XRP moved toward the red zone. As of now, Ripple faces immediate resistance at $0.27 and support at $0.24. For Bitcoin, the immediate resistance is at $9,842 and support level at $9,628.
Conclusion:
If you look at both the chains, they are working hard and moving at a stable pace. The news regarding both the coins is also consolidating. It is the crypto market, which is having an overall bearish phase right now. However, one will surely get a good return from these coins after the market correction.
