BTC, ETH, XRP Price Analysis
Data & Research

BTC, ETH, XRP Price Analysis

Bitcoin (BTC)

  • Bitcoin price topped near 8338.25 USD and declined below the 7904.32 USD support against the US dollar.
  • There is a short-term bearish trend line forming with resistance at 7979.47 USD on the hourly chart of the BTC/USD pair.
  • We predict that the pair might decline further since it has already fallen below its 7872.21 USD support level.

The BTC price against the US dollar has been declining in the last 24 hours. It has broken below the 8004.58 USD, 7904.32 USD, and 7872.21 USD support levels and is dipping further below. The BTC/USD pair is now trading at a price which could become the new support level if the prices go up from here.

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

Major Support Level – 7904.32 USD

Major Resistance Level – 8266.90 USD

Ethereum (ETH)

  • Ethereum has been mostly declining in the last 24 hours declining far below 632.60 USD support level.
  • There is a short-term bearish trend line forming with resistance at 688.26 USD on the hourly chart of the ETH/USD pair.
  • We predict that the pair would decline further after rising slightly.

The ETH price against the US dollar has been declining in the last 24 hours. It has broken below the 632.60 USD, 625.80 USD, and 619.31 USD support levels and is dipping further below. The ETH/USD price drop is likely to continue for a while but it is highly unlikely that it would fall below the 604.01 USD critical support level.

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

Major Support Level – 632.60 USD

Major Resistance Level – 688.26 USD

Ripple (XRP)

  • The price of Ripple is declining steadily against the US dollar.
  • There is a short-term bullish trend line forming with resistance at 0.629340 USD on the hourly chart of the XRP/USD pair.
  • We predict that the pair might decline further even though it did rise up to 0.629340 USD recently.

The XRP price against the US dollar has been majorly declining in the last 24 hours. It has made a little growth after it hit the 0.611483 USD support but is now declining further. Almost every cryptocurrency in the market is at a loss hence it is quite likely that XRP would show similar traits.

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

Major Support Level – 0.611483 USD

Major Resistance Level – 0.673629 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.