Data & Research

Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) Price Analysis (30th May 2018)

Bitcoin (BTC)

  • Bitcoin price has grown against the US dollar now.
  • There is a short-term bullish trend line forming with resistance at 7554.45 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. As of now, the pair is trading at 7519.0 USD and is expected to rise further.

BTC Price Chart 30/05/18
Source: TradingView

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

Major Support Level – 7438.55 USD

Major Resistance Level – 7573.77 USD

Ethereum (ETH)

  • The price of Ethereum against the dollar has seen a little growth today.
  • There is a short-term bullish trend line forming with resistance at 572.96 USD on the hourly chart of the ETH/USD pair.
  • We predict that the pair would dip soon.

The ETH price against the US dollar has grown significantly in the last 24 hours. As of now, the cryptocurrency is being traded at 568.17 USD and is expected to decline soon.

ETH Price Chart 30/05/18
Source: TradingView

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

Major Support Level – 560.89 USD

Major Resistance Level – 583.14 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 0.6197435 USD on the hourly chart of the XRP/USD pair.
  • We predict that the pair would decline soon.

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 and is expected to decline soon.

XRP Price Chart 30/05/18
Source: TradingView

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

Major Support Level – 0.595753 USD

Major Resistance Level – 0.627679 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.