Price Analysis 28/08: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XLM, XMR

A breakout of the moving averages can push the price to the downtrend line of the symmetrical triangle, above which the uptrend will resume.

Though it is quoting below the 20-day EMA, we like the way the bulls have kept the price close to the overhead resistance of $192.945.If the ETH/USD pair rises above the 20-day EMA, it is likely to reach $235.70.

XRP is again likely to retest the support at $0.24508.

Our negative view will be invalidated if the bulls defend the $0.225-$0.24508 support zone and push the price above the 20-day EMA. If the XRP/USD pair climbs above $0.27795, it will indicate that the breakdown on Aug. 15 was a bear trap.

Such a move will be a huge negative and can drag the pair to $166.98 and below it to $105.Conversely, if the cryptocurrency rebounds off the trendline of the channel or from the neckline of the H&S pattern and rises above the moving averages, a rally to $360 is possible.

A breakout above $360 can pick up momentum and push the price to $515.35.

If the price breaks below $3.30, we anticipate further weakness and a fall to $2.76.However, if the bulls again defend the support at $3.30 and the EOS/USD pair rebounds sharply, it can move up to $4.8719.

If the range resolves to the downside and bears sink the price below $136, a drop to the critical support at $107 is probable.

We will wait for the price to close above the 50-day SMA before proposing a trade in it.

The next level to watch on the downside is $0.05.Conversely, if the pair breaks out of $0.072545, it is likely to attract buyers who have been waiting on the sidelines and the price can quickly move up to $0.097795.