Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) Price Analysis (28th May 2018)
Data & Research

Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) Price Analysis (28th May 2018)

Bitcoin (BTC)

  • Bitcoin price fell against the US dollar today.
  • There is a short-term bearish trend line forming with resistance at 7245.96 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 mostly dipping throughout the day. It fell from 7367.53 USD to 7180.65 USD in just 30 minutes shortly after failing to break resistance at 7419.05 USD and 7408.15 USD. As of now, the pair is trading at 7192.1 USD.

BTC Price Chart 28/05/18

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

Major Support Level – 7159.62 USD

Major Resistance Level – 7419.05 USD

Ethereum (ETH)

  • The price of Ethereum against the dollar has dipped today.
  • There is a short-term bearish trend line forming with resistance at 539.61 USD on the hourly chart of the ETH/USD pair.
  • We predict that the pair would dip further.

The ETH price against the US dollar has dipped in the last 24 hours. It dipped from 559.19 USD to 524.51 USD in just a little over half an hour. Other than the dip, the price of the ETH/USD has been almost constant throughout the day.

ETH Price Chart 28/05/18

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

Major Support Level – 524.51 USD

Major Resistance Level – 576.05 USD

Ripple (XRP)

  • The price of Ripple has dipped against the US dollar in the last 24 hours.
  • There is a short-term bearish trend line forming with resistance at 0.575484 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 dipped in the last 24 hours. It dipped from 0.600825 USD to 0.582140 USD in a little over half an hour. As of now, the cryptocurrency is trading at 0.57513 USD.

XRP Price Chart 28/05/18

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

Major Support Level – 0.571140 USD

Major Resistance Level – 0.609781 USD

1 Comment

Leave a Response

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.