Price Analysis 5/27: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, ADA

The bulls are now likely to make another attempt to push the price above the downtrend line.

XRP/USD. After aggressively buying the dip on May 25, the bulls are now attempting to drive XRP above the moving averages and the downtrend line.

The bulls purchased the dip to the support of this range on May 25 and are now attempting to drive the price above the moving averages.

Traders who have purchased on the suggestion given in the previous analysis can keep the stops just below $217 and can trail the stops higher as the price moves up.

Traders can reduce their risk by trailing the stops higher as the price moves north.

The bulls will now attempt to push the price above the moving averages.

If bulls can push the price above the downtrend line, the 8th-ranked crypto-asset on CoinMarketCap could rise to $18.1377.

A new downtrend is likely to start on a break below $13.65.EOS/USDAlthough EOS has been trading below both the moving averages for the past few days, the bears have not been able to sink the price below the critical support of $2.3314.

If the bulls can now push the price above the moving averages, the 9th-ranked cryptocurrency on CoinMarketCap can rally to $2.8319.

If the price again turns down from the moving averages, then the possibility of a break below $2.3314 increases.