Ethereum vs. Ripple Price Analysis: Ethereum (ETH) & Ripple (XRP) Trade Alike But With Deep-Rooted Differences

Fibo Quantum

  • Ethereum’s decentralized platform increases its reach globally
  • Ripple’s alliance with over 100 worldwide banks provides an edge

Ethereum and Ripple have maintained a strong competition by one chasing the other & sometimes with only minor differences in the market cap, but a closer look showcases many more intricacies to be considered when making an investment choice. Ethereum’s decentralized platform, listings on global exchanges and easy mining accessibility make it a popular choice. On the other hand, Ripple’s collaborations with global banks, celebrity ambassadors, and cutting-edge technology have made it the torchbearer of future economic revolution. The current statistics of both Ethereum & Ripple look exact replica of each other.

Ethereum & Ripple Price Statistics:

As on June 12, 2019, at 07:14:07 UTC, the following pattern is observed in the value of each coin over the last 30 days.

ETH AND XRP Price Chart - 12 June

Statistics Ethereum (ETH) Ripple (XRP)
Price  (USD) 247.93 0.39
Price (BTC) 0.03153700 0.00004944
Market Capitalization 26,430,050,587 16,654,360,631
24h volume 7,568,078,836 1,183,860,393
Circulating Supply 106,455,522 ETH 42,238,947,941 XRP
Return on Investment 8,685.65% 6,609.06%

Ethereum had shown a downward trend of over 6% in the last 25 days when the price moved from $264.08 to $247.93. The ETH coin started rising up to cross $260 between May 6 and May 20 and then started falling consistently with only a few high moments.

Ripple has also maintained a similar trend with a downtrend of over 7% in the last 25 days, XRP price dropping from $0.42 to $0.39. The coin picked up pace post-May 27 but started dropping below $0.40 post-June 7.

Ethereum & Ripple Price Prediction:

Both coins have shown a low-high-low trend and maintaining a similar pace owing to the traders investing almost equally in both coins. However, if we look individually, ETH has come a long way from its initial starting value of the year of $133 while XRP is still trading within the same limits of $0.35 and $0.50. This indicates that while ETH may rise as high as $500 by the end of 2019, XRP may close the year around $0.9.

Conclusion:

ETH and XRP both have a bright future and can pay huge returns in the long run.