Crypto Price Analysis May-26: ETH, XRP, ADA, TRX, and LTC

Ethereum (ETH)

Ethereum’s volatility increased this past week but failed to break above the key resistance at $1,820. For this reason, the price is at a similar point to last week.

This consolidation under the key resistance is unlikely to last, and bulls appear eager to break away. On Tuesday, buyers briefly took the price over the key level, but sellers were quick to reverse the price action back under $1,820.

Looking ahead, bulls could take ETH into a renewed rally next week and turn the current resistance into support. If successful, this cryptocurrency will turn bullish and rally to $1,900 and $2,000 next.

Chart by TradingView

Ripple (XRP)

XRP found strong resistance at 47 cents and was unable to continue higher. This pushed the price lower but at a similar level to last week. Despite the pullback, buyers continue to be interested in this cryptocurrency.

With good support at 44 cents, bulls could attempt another breakout in the coming days, particularly if market leaders like ETH are also successful in moving higher.

Looking ahead, XRP seems more likely to move higher soon, with the next major resistance found at 50 cents. Despite a short break in the rally, the momentum indicators also remain bullish.

Chart by TradingView

Cardano (ADA)

Cardano is the exact opposite when compared to XRP. The price is found in a downtrend and fell by 3% this past week. The key support is at 34 cents, and the price could test this key level in the coming week.

The resistance at 38 cents did not allow ADA to move higher. Instead, the price fell, making lower highs. Today, the MACD did a bearish crossover which signals that this downtrend will continue.

Looking ahead, Cardano is found in a difficult position. The bearish momentum appears to intensify, and a relief rally seems unlikely until the price finds solid support.

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Author: Duo Nine

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