Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) Price Analysis (25th May 2018)
Data & Research

Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) Price Analysis (25th May 2018)

Bitcoin (BTC)

  • Bitcoin price topped near 7659.14 USD and fell sharply to 7248.47 USD support against the US dollar.
  • There is a short-term bullish trend line forming with resistance at 7477.79 USD on the hourly chart of the BTC/USD pair.
  • We predict that the pair would rise soon.

The price of the BTC/USD pair has seen quite a lot of growth and then a substantial drop in the last 24 hours. It rose to 7659.14 USD and then fell sharply from 7640.24 USD to 7428.47 USD. Though it didn’t fall down to the 7335.32 USD support level—which was the lowest the pair got in the last 24 hours—the drop was substantial. As for now, the pair is recovering and is being traded at 7431.7 USD.

BTC Price Chart 25/05/18

Hourly MACD – The hourly MACD for BTC/USD is bullish.

Major Support Level – 7331.14 USD

Major Resistance Level – 7951.00 USD

Ethereum (ETH)

  • Ethereum has been growing slowly yet consistently in the last 24 hours.
  • There is a short-term bullish trend line forming with resistance at 598.18 USD on the hourly chart of the ETH/USD pair.
  • We predict that the pair would dip further before rising again.

The ETH price against the US dollar has overall been growing in the last 24 hours. It fell sharply to a support level of 589.62 USD after failing to break resistance at 617.19 USD. As of now, the pair is trying to recover and is being traded at 595.82 USD.

ETH Price Chart 25/05/18

Hourly MACD – The hourly MACD for ETH/USD is bearish.

Major Support Level – 560.20 USD

Major Resistance Level – 617.19 USD

Ripple (XRP)

  • The price of Ripple has grown against the US dollar in the last 24 hours.
  • There is a short-term bullish trend line forming with resistance at 0.623616 USD on the hourly chart of the XRP/USD pair.
  • We predict that the pair would dip further in the next few hours.

The XRP price against the US dollar has had a rather normalized growth in the last 24 hours. It took a dip when it failed to break the resistance at 0.632916 USD and fell down to a support level of 0.609538 USD before showing signs of recovery. As of now, the XRP/USD pair is trading at 0.61685 USD.

XRP Price Chart 25/05/18

Hourly MACD – The hourly MACD for XRP/USD is bearish.

Major Support Level – 0.600729 USD

Major Resistance Level – 0.640258 USD

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Syed Ali Mudassar
It was when he was pursuing his graduation in Computer Science that he found his flair for writing about new and existing technologies. He likes researching about technologies and how they could help people. Currently, he works as the Content Manager at CoinFrenzy, a leading blockchain news, and media publication website.