Analysis of prices for BTC, ETH, XRP (09.07.21)

BTC/USD

Yesterday morning, the bears intensified their onslaught and the price of bitcoin rolled back to the support of 32500.00 USD. During the day, sellers tried to pierce this weak support several times. The daily minimum was set around 32100.00 USD, but the decline has not yet been continued.

Support at 32500.00 USD stopped the fall, and the pair is consolidating in a narrow sideways range. If today buyers are unable to seize the initiative and form a false bullish impulse to the resistance area at $ 36 thousand, then by the end of the week the pair will roll back to the 23.6% Fibo level (30595.44 USD).

ETH / USD

Yesterday in the morning, the pressure from sellers began to increase and as a result, the Ethereum price rolled back to the POC line (2111.90 USD).

Tonight the bears set a July low at 2050.00 USD, but in the morning the price bounced above the Point Of Control indicator line (2111.90 USD). If buyers are unable to build up volumes and continue recovery, the pair will roll back below the psychological level of 2000.00 USD by the end of this week.

XRP/USD

Yesterday XRP price continued to decline and at the end of the day reached the support of 0.600 USD. The bears pierced this support tonight, marking a minimum at the point of 0.592 USD, but in the morning the price bounced to the area of ​​the 0.620 USD mark.

During the day, buyers will try to continue the recovery, but if the volumes are low, then they will not be able to return to the average price area. There is a high probability of the continuation of the rollback and the renewal of the July low in the area of ​​$ 0.560 – $ 0.550