Advertisement
AD

Main navigation

Advertisement
AD

BTC, ETH and XRP Price Analysis for May 7

Advertisement
Sat, 7/05/2022 - 17:30
BTC, ETH and XRP Price Analysis for May 7
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Most of the coins have continued their fall as they keep trading in the red zone.

Advertisement
Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

Even though the rates of most of the coins are going down, the price of Bitcoin (BTC) is rising by 0.36%.

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

Bitcoin (BTC) keeps going down after the breakout of the $37,700 level. At the moment, there is a high possibility to see a further price drop as there are no prerequisites for a reversal. In this case, one can expect the test of the zone around $33,000 next week.

Bitcoin is trading at $35,918 at press time.

ETH/USD

Ethereum (ETH) is looking worse than Bitcoin (BTC) with a decline of 0.36%.

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

Ethereum (ETH) is also going down after the breakout of the $2,774 level. If bulls cannot seize the initiative, the fall may continue to the area of $2,300-$2,400 soon.

Ethereum is trading at $2,674 at press time.

XRP/USD

XRP is the biggest loser from the list today, falling by 0.61%.

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

XRP is trading below the vital level at $0.60 against the increased trading volume. Currently, there is a good possibility of seeing the test of the support level at $0.5461 soon if buyers cannot get back in the game.

XRP is trading at $0.5949 at press time.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD