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Analysis of prices for BTC, ETH, XRP (01.20.21)

BTC / USD

Hourly EMA55 served as a support level yesterday morning for buyers and tried to break through the orange resistance of 37300.00 USD. The daily maximum was set around 37875.00 USD, but the recovery failed.

Over the past night, the pair rolled back slightly below the level of average prices and tried to stay in the area of ​​36000.00 USD, but the bears have already managed to push through this support level, and today the decline will continue to the region of 34000.00 USD, where the Point Of Control indicator line passes. We believe that the decline may slow down in this zone.

ETH / USD

Yesterday morning, a slight decline in the pair stalled around the 1300.00 USD mark, after which the bulls were able to continue the run and renewed their January high to 1440.00 dollars.

By the evening, the volume of purchases decreased, so the price rolled back to the zone of the recent monthly maximum, which was set at 1353.00 USD on January 10.

Today the pullback may continue to the area of ​​the hourly moving average EMA55. If sellers push through the middle level, then the ether price will fall to the support of 1250.00 USD.

XRP / USD

Yesterday morning, trading on Ripple started with very small volumes, but then buyers managed to form a bullish momentum, which pierced the upper border of the sideways range (0.310 USD) and set a daily high at 0.330 USD.

During the day, the pair returned to the sideways, and today the retest of the lower border of the sideways channel (0.280 USD) is possible.

It should be noted that due to some extinction of investor interest in Ripple, trading is very sluggish, and the asset itself has long shifted from the third position in terms of capitalization in the CoinMarketCap rating to the 5th line, leaving Polkadot ahead.

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