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BTC, ETH and XRP Price Analysis for August 30

Tue, 08/30/2022 - 15:47
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Denys Serhiichuk
Can bulls return to game by end of day?
BTC, ETH and XRP Price Analysis for August 30
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Bears remain more powerful than bulls as most of the coins are in the red zone.

Top coins by CoinMarketCap


The rate of Bitcoin (BTC) has declined by almost 2% over the last day.

BTC/USD chart by TradingView

On the daily chart, Bitcoin (BTC) could not keep yesterday's rise. Currently, one should pay close attention to the $19,500 mark.

Bitcoin (BTC) Price Analysis for August 29

If the candle closes near it, there are chances to see a sharp decline to $19,000 soon.

Ethereum is trading at $19,774 at press time.


Unlike Bitcoin (BTC), the rate of Ethereum (ETH) has increased by 0.53%.

ETH/USD chart by TradingView

Ethereum (ETH) has bounced off the recently created mirror level at $1,511. Until the price is above it, buyers have chances for local growth. However, if sellers' pressure continues, the fall may lead to the test of the $1,400 zone shortly.

Ethereum is trading at $1,517 at press time.


XRP has followed the drop of other coins, going down by 1.16%.

XRP/USD chart by TradingView
XRP/USD chart by TradingView

From the technical point of view, XRP is trading similar to Bitcoin (BTC), and the rate is approaching the recently tested support level at $0.32136. If buyers cannot seize the initiative, a decrease may continue to the $0.31 mark until the end of the week.

XRP is trading at $0.3233 at press time.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at