Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) Price Analysis (29th May 2018)
Data & Research

Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) Price Analysis (29th May 2018)

Bitcoin (BTC)

  • Bitcoin price is recovering against the US dollar now.
  • There is a short-term bullish trend line forming with resistance at 7450.88 USD on the hourly chart of the BTC/USD pair.
  • We predict that the pair would rise further.

The price of the BTC/USD pair has seen quite some growth today. It shot up from 7176.25 USD to 7450.88 USD in under an hour! As of now, the pair is trading at 7425.1 USD.

BTC Price Chart 29/05/18
Source: TradingView

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

Major Support Level – 7090.68 USD

Major Resistance Level – 7450.88 USD

Ethereum (ETH)

  • The price of Ethereum against the dollar has seen some significant growth today.
  • There is a short-term bullish trend line forming with resistance at 554.26 USD on the hourly chart of the ETH/USD pair.
  • We predict that the pair would grow further.

The ETH price against the US dollar has grown significantly in the last 24 hours. It shot up from 526.51 USD to 554.26 USD in a little over an hour. As of now, the cryptocurrency is being traded at 559.00 USD.

ETH Price Chart 29/05/18
Source: TradingView

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

Major Support Level – 512.55 USD

Major Resistance Level – 554.24 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 0.602052 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 grown in the last 24 hours. As of now, the cryptocurrency is trading at 0.59160 USD.

XRP Price Chart 29/05/18
Source: TradingView

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

Major Support Level – 0.551635 USD

Major Resistance Level – 0.602052 USD

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.