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BTC, ETH and XRP Price Analysis for May 27

Price Analysis
Fri, 05/27/2022 - 14:52
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Denys Serhiichuk
Which coins are ready for a short-term rise?
BTC, ETH and XRP Price Analysis for May 27
Cover image via www.tradingview.com

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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Most of the coins are trying to restore their lost positions, according to the CoinMarketCap ranking.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

Bitcoin (BTC) is rising by 2.87% since yesterday.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

On the daily chart, Bitcoin (BTC) remains trading in a range despite today's growth. The $30,000 mark remains vital in terms of further growth. Only if bulls can fix above it are there chances to see a local trend change.

Bitcoin is trading at $29,245 at press time.

ETH/USD

Unlike Bitcoin (BTC), Ethereum (ETH) could not show the same performance, rising by only 0.17%.

ETH/USD chart by TradingView
ETH/USD chart by TradingView

Ethereum (ETH) has bounced off the $1,700 zone against the increased trading volume, which means that buyers are ready to fight for this level. If bulls can hold the rate above $1,800 until the end of the day, the correction may continue to the $1,900 mark until the end of the month.

Ethereum is trading at $1,811 at press time.

XRP/USD

XRP has followed the bounceback of Bitcoin (BTC), growing by 1.67% over the last 24 hours.

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

XRP remains below the $0.40 mark, which confirms bears' pressure. However, the buying trading volume is going up, suggesting bulls' efforts. If they can seize the initiative, traders can expect the test of the resistance zone around $0.45 within the next few days.

XRP is trading at $0.39328 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 denys.serhiichuk@u.today.