Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) Price Analysis (26th May 2018)
Data & Research

Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) Price Analysis (26th May 2018)

Bitcoin (BTC)

  • Bitcoin price grew in the last 24 hours against the US dollar.
  • There is a short-term bullish trend line forming with resistance at 7560.76 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 been almost constant in the last 24 hours except for a sharp gain from 7441.52 USD to 7595.16 USD in merely 20 minutes. The pair failed to break resistance at 7595.16 USD and has been declining steadily ever since.

BTC Price Chart 26/05/18

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

Major Support Level – 7400.68 USD

Major Resistance Level – 7595.16 USD

Ethereum (ETH)

  • The price of Ethereum against the dollar has grown today.
  • There is a short-term bullish trend line forming with resistance at 603.55 USD on the hourly chart of the ETH/USD pair.
  • We predict that the pair would rise further.

The ETH price against the US dollar has grown in the last 24 hours. It started off with being traded at 583.05 USD but is now trading at 600.50 USD. The pair managed to shoot up from 591.82 USD to 604.97 USD in just 15 minutes.

ETH Price Chart 26/05/18

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

Major Support Level – 575.62 USD

Major Resistance Level – 604.97 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 0.620340 USD on the hourly chart of the XRP/USD pair.
  • We predict that the pair would rise in the next few hours.

The XRP price against the US dollar has seen quite a growth in the last 24 hours. It shot up from 0.614213 USD to 0.625577 USD in just 10 minutes! Unfortunately, it found resistance at 0.625577 USD which it couldn’t break through. As of now, the pair is trading at 0.61618 USD.

XRP Price Chart 26/05/18

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

Major Support Level – 0.603409 USD

Major Resistance Level – 0.625577 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.