Ethereum, Ripple & Bitcoin – American Wrap 11 May

Bitcoin price finds buyers near the $30,000 value area after hitting new 180-day lows. Ethereum price increased by over 10% during the intraday session, but sellers remained persistent. XRP price finds buyers in the $0.50 value area – but follow-through appears shaky. 

Bitcoin: Is the worst priced in?

Bitcoin (BTC) price has been falling back to the lower levels from the summer of 2021. In just a week, BTC price has lost nearly 25% of market value and has hit firm support at $29,927.50, where bulls are more than happy to pick up BTC price at a considerable discount sub $30,000. Expect a rebound in the Bitcoin price action as the Relative Strength Index (RSI) and the markets calm down, and in the process create mild tailwinds for cryptocurrencies.

XRP price stands out as the most bullish looking crypto

A brief technical and on-chain analysis on Ripple price. Here, FXStreet’s analysts evaluate where XRP could be heading next. Please, subscribe to our YouTube channel, follow us on Twitter @FXScrypto and join our Telegram channel.