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BTC, ETH and XRP Price Analysis for August 30

Tue, 30/08/2022 - 15:47
BTC, ETH and XRP Price Analysis for August 30
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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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