Today we look at Ethereum and Ripple. Altcoins moved a little and you can see it on the charts.
[ETH / USD] In 2020 to the current value: +73.62%
Ethereum showed a nice bull run in 2020 and many investors had it in their viewfinder. Right now we have a 23% drop since the high. For 2020, we have a profit of up to 73%. We reached the high of 2020 at $ 290 and we are currently around $ 225.
The Ethereum accurately follows the movement of Bitcoin, at least in the last days. Ethereum, like Bitcoin, is consolidating and looking for support at USD 211-222. The current consolidation phase is just a preparation for a big move.
[XRP / USD] In 2020 to present value: + 21.57%
Ripple erased almost the entire profit for 2020. On top we achieved 82% appreciation, but at the moment it is only 23%. We recorded a high of $ 0.346 and we are currently around $ 0.23. Apparently, XRP investors did not support much and disappointment of Ripple’s development continues in 2020. We are currently close to the support where it is expected to be bounce up.
We see the closest resistance at $ 0.30, and as the bears showed, they will continue to use this area to their advantage. I do not know whether XRP can be described as a successful coin, which in 2020 achieves the appropriate appreciation. In the top 10 coins, according to capitalization, we find coins that are above 50% appreciation even in the current market slump, many even above 100 percent. Will investors believe in XRP in the future?