Analysis of prices for BTC, ETH, XRP (01.02.21)

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BTC / USD

Last Saturday, the 2-hour EMA55 paused the BTC price correction after a hype bullish spike. The pair managed to gain a foothold above the purple downtrend line.

Selling volumes decreased and bearish pressure gradually eased. However, yesterday sellers managed to pierce the trend line and test the level of 32200.00 USD.

At the moment, the pair has recovered to the area of ​​average prices, but this recovery was not supported by large volumes, and if buyers can overcome the EMA55 moving average, then the rise will continue to the resistance of 36000.00 USD.

If the volume of purchases cannot be increased, then the pair will soon roll back below the support at 32600.00 USD, and the price of bitcoin will return to the descending channel.

ETH / USD

On Saturday, the ether price held above the average price level, and on Sunday, sellers managed to push through the 2-hour EMA55 and test the support of the blue trendline.

The pair is still holding in an upward channel and if the volume of purchases continues to grow, the price will recover above the moving average EMA55.

If buyers fail to overcome the level of average prices, then the bears will be able to break through the blue trend line and roll back the price to the support of 1250.00 USD.

XRP / USD

The price of Ripple on the weekend broke through the resistance of the upper border of the side channel of 0.310 USD and buyers formed a powerful bullish impulse, which forced to test the psychological level of 0.500 USD.

Today the bulls will try to break the resistance at 50 cents and test the 0.600 USD mark. In this case, the asset will be able to regain its lost third position in the CoinMarketCap rating in terms of capitalization.

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