Analysis of prices for BTC, ETH, XRP (06/05/21)

BTC / USD

Yesterday in the first half of the day, buyers managed to increase volumes and break through the resistance of the two-hour EMA55. After lunchtime, the recovery continued until the pair tested the blue resistance of 58000.00 USD. This level stopped the growth, the volume of purchases decreased, and until this morning the price has consolidated in a rather narrow sideways range.

If during the day the trading volumes are below the average level, then the pair will roll back to the area of ​​average prices.

If buyers are able to form a bullish momentum again, then the BTC price will break through the resistance of 58,000.00 USD and reach the psychological level of 60,000.00 USD.

ETH / USD

Yesterday, trading volumes were below average, and the ETH / USD pair consolidated above the support of 3200.00 USD. On small volumes, the ether price recovered to the resistance of 3400.00 USD, but the growth was continued only late in the evening.

The bulls broke through to the zone of the recent high, and tonight renewed it in the area of ​​3560.00 USD. On the daily timeframe, the Stoch RSI indicator lines are in the overbought zone, however, the ETH price continues to rise to new highs.

Despite the fact that the dynamics of growth has slowed down significantly, the bulls can test the level of 3600.00 USD, after which there is a high probability of a rollback to the area of ​​average prices.

XRP / USD

Yesterday afternoon, buyers were able to overcome the purple resistance of 1.500 USD, and at the end of the day, the XRP price broke through the orange level of 1.690 USD.

Tonight, the local maximum was set at 1.764 USD, but by the morning the pair returned to the support of 1.690 USD and consolidated above it in a narrow consolidation. If the bulls intensify the pressure, then the price may test the level of 1.880 USD.

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