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Analysis of prices for BTC, ETH, XRP (05.02.21)

BTC / USD

Sellers seized the initiative yesterday and during the day tried to roll back the bitcoin price to the support of USD 36,000.00. In the second half of the day, the pair tested the level of USD 36,200.00, the sales volumes decreased and the price stopped the decline.

A weak recovery on declining volumes brought the BTC price back to the 37300.00 USD mark. If the recovery continues today, the pair may return to the resistance of 40,000.00 USD by the end of this week.

ETH / USD

Yesterday morning, buyers were unable to break above the 1700.00 USD mark and a pullback in the Ethereum price led to a retest of the 1555.00 USD level. In this area, the decline has stalled and the bulls tried to return the ether to the zone of the recent high.

The low dynamics of the recovery allowed the ETH price to gain a foothold only in the area of ​​1640.00 USD. If today buyers are able to increase volumes, then the growth may continue and before the end of the week the pair will renew the absolute maximum in the area of ​​1740.00 USD.

XRP / USD

Yesterday, the Ripple price was able to overcome the resistance of 0.400 USD and eventually marked a local maximum at 0.482 USD.

Over the past night, the pair retraced slightly, but in the near future the recovery may continue to the psychological level of 0.500 USD.

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