XRP Drops Below Key Supports

Bitcoin, that was trading above $10k till yesterday, saw a major fall today in which it went well below $10k and had its 24-hour low price at $9,782.64. However, just a while ago, BTC price has surged above $10000. The recent BTC price hike has no better impact on XRP and ETH prices as both the coins are currently shedding gains. 

Today, XRP and ETH both the cryptos shared quite a bearish price trend. ETH has lost its price position of $300 in the last 24 hours, while XRP has dropped below its major support levels.

Current Statistics:

Statistics

Ripple (XRP) Ethereum (ETH)

Price (USD)

08:57:59 UTC

$0.3940 $282.76
Market Capitalization $16,652,978,902

$30,267,263,230

24h Volume

$1,636,671,348

$10,580,038,205
Circulating Supply 42,566,596,173 XRP

106,729,164 ETH

Return on Investment (ROI)

6,560.41%

> 9000%

XRP/ETH Price Chart

Ripple/Ethereum Price Chart

Comparison:

Yesterday morning both the coins took an uptrend followed by a gradual pullback. With a bearish momentum, XRP tumbled even below $0.39 twice in a single day. It then recovered to $0.4087 though couldn’t maintain its price range there. Today, the coin has again dropped near $0.38 and is currently recovering. 

Meanwhile, yesterday, ETH dropped even below $280 and corrected upwards from there. Today, while tracing a bearish trend line, it tumbled further below $275 and touched its 7 Day low price at $272.03, however, ETH price is slowly recovering from there.

Conclusion:

If XRP takes a strong rebound, it may see resistance at $0.4197 and $0.4327, while it can see support levels at $0.3917 and $0.3767. Also, if Ethereum price trades with an uptrend it may see resistance at $303.11, and its support levels can be at $270.55.

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