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Cryptocurrencies Price Prediction: Bitcoin, Ripple & IOTA – American Wrap 27 May

Cryptocurrencies Price Prediction: Bitcoin, Ripple & IOTA – American Wrap 27 May
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Analysis: BTC/USD conquers $9,000, more barriers ahead – Confluence Detector

BTC/USD is changing hands at $9,150 amid short-term bullish bias with shrinking volatility. The sustainable move above $9,000 improved the short-term technical picture, though $9,300 still blocks the way and separates BTC bulls from a sustainable recovery. BTC/USD has gained over 3.5% in recent 24 hours, while its market share increased to 65.9%

Ripple XRP Price Analysis: Triangle formation break could give us signals for now 0.20 seems to be the resistance

Ripple's XRP has been trading higher on Wednesday as crypto sentiment improves. The price has now come up to a resistance point as the 55 Exponential Moving Average and the 0.20 psychological level join forces to stop the bulls. 

There is also a large triangle formation on the chart and a break could give us some great clues on the future path of the pair. Currently, the price has made a few lower high lower low waves and the downside looks like it has slightly less traffic. 

IOT/USD: 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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