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Analysis of prices for BTC, ETH, XRP (01/19/21)

BTC / USD

Yesterday, buyers’ attempts to gain a foothold above the hourly EMA55 were repeated and until the end of the day they managed to stay above the level of average prices, while the daily maximum was recorded around 37450.00 USD.

On the hourly time frame, we can distinguish the level of 37300.00 USD, which is currently holding back the recovery of the Bitcoin price.

If today the line at around 36000.00 USD works as a support, then the recovery will continue to the resistance of 40000.00 USD.

ETH / USD

Yesterday, the Ethereum price consolidated above the EMA55 moving average, and tonight the bulls broke through the orange resistance at USD 1250.00 and tested the January highs zone.

The growth took place at volumes slightly exceeding the average trading level, so we believe that in the morning the price will roll back to the support area of ​​USD 1280.00. If sellers are unable to push through this support, then a renewal of the January high in the 1400.00 USD area should be expected.

XRP / USD

Yesterday, there was no strong selling pressure and the XRP price was able to recover within the $ 0.280 – $ 0.310 sideways corridor. Buyers have consolidated above the two-hour EMA55, but they have not been able to test the upper border of the range yet.

Today the trading volumes are still quite low, so the movement in the indicated sideways range is likely to continue.

* All prices are based on BitStamp data

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