Cryptocurrencies Price Prediction: Bitcoin, Ripple & Ethereum – Asian Wrap 22 May


Bitcoin Price Analysis: Buyers make sure that price stays above $9,000 following Thursday’s carnage

BTC/USD went up slightly from $9,060 to $9,091.25 in the early hour of Friday. This follows a hectic Thursday where Bitcoin crashed from $9,520 to $9,060, going below the SMA 20 curve, in the process. The MACD shows increasing bearish momentum, while the Elliott Oscillator has had five straight red sessions.

 

Ripple Price Analysis: Bulls fightback after XRP/USD drops below the green Ichimoku cloud

XRP/USD went up from $0.1941 to $0.1947 in the early hours of Friday. This follows a bearish Thursday wherein the price dropped from $0.2015 and went below the green Ichimoku cloud and the SMA 50. The MACD shows sustained bearish momentum.

 

Ethereum Price Analysis: ETH/USD breakdown eyes $190, ETH 2.0 staking the ultimate store of value

Ethereum price is slightly in the green following attempts to correct from the dip to Friday’s low at $196.22. The prevailing trend is strongly bullish and the expanding RSI means that rapid price actions are still possible in the coming sessions. ETH/USD is exchanging hands at $199.42; slightly above the $198.55 (opening value).

 

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BTC/USD jumps above $9,000, long-term bulls bet on record highs

Bitcoin (BTC) broke free from a tight range limited by $8,700 on the downside and $9,000 on the upside. The first digital coin has settled at $9,170 by press time, having gained nearly 4% since the beginning of Wednesday. 

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ETH/USD: Ethereum is grossly undervalued, Blockfyre’s research reveals

Ethereum (ETH) is grossly undervalued at the current levels, according to the study performed by the crypto research firm Blockfyre. The team outlined at least four factors to support their conclusions.

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Ripple's CEO urges the US lawmakers to hurry up with the crypto regulation

Ripple CEO Brad Garlinghouse urged the United States regulators to speed up the development of digital currencies. The expert warned that the country may lose its status of the global leader of innovations and fall behind China in terms of cryptocurrency developments.

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IOTA Foundation launches decentralized health passport amid COVID-19

IOTA is the 24th largest digital asset with the current market value of $550 million and an average daily trading volume of $15 billion. The coin has gained nearly 3% both since the beginning of the day and in the recent 24 hours. At the time of writing, IOT/USD is changing hands at $0.1997.

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Bitcoin Weekly Forecast: BTC bulls are nowhere to be seen

Bitcoin attempted a recovery towards $10,000 but ended up at $9,100. The first digital asset printed the second red candle on a weekly chart. It is an alarming signal for the long-term bull as BTC may be vulnerable to deeper losses.

Read the weekly forecast

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