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Analysis of prices for BTC, ETH, XRP (03.02.21)

BTC / USD

Yesterday, the moving average EMA55 kept the BTC price from pulling back to the POC line, and the pair’s recovery continued. By the end of the day, the bitcoin price tested the resistance of 36000.00 USD.

If the volume of purchases increases, then buyers will be able to break through to the next milestone at around 37300.00 USD. Fixing the price above the level of 36000.00 USD will allow the bulls to return to the resistance zone of 40000.00 USD by the end of the week.

ETH / USD

Yesterday, the Ethereum price continued to rise, and by the end of the day, buyers broke through the psychological mark of 1500.00 USD.

An all-time high was set today at around 1550.00 USD. Growth may continue in the morning. In this case, during the day, the pair will top in the area of ​​$ 1600.00 per coin.

On the daily time frame, the Stoch RSI indicator has not yet reached the overbought zone, so after a small pullback, the bull run will continue, and the pair may test the level of 1700.00 USD by the end of this week.

XRP / USD

The Ripple price yesterday could not overcome the resistance of 0.400 USD and spent the whole day in a narrow sideways range with support around the 0.350 USD mark.

Will the bulls continue to pump Ripple and bring the pair back above the psychological level of 0.500 USD? There is a necessary tool for this! But how long can the price stay above fifty cents? It is now impossible to predict the answers to these questions for sure.

If we discard the fundamental component of the analysis and judge by technical indicators, then in the second half of this week, the price growth may continue to the 0.650 USD area, followed by a rollback to the support of USD 0.580.

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