Analysis of prices for BTC, ETH, XRP (12.07.21)

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BTC/USD

Over the weekend, the two-hour moving average EMA55 kept the bitcoin price from falling, and buyers continued to grope for a weak spot in the lower border of the blue channel. Tonight they managed to break through the resistance of 34000.00 USD, and by the morning the pair had already managed to gain a foothold in this sideways range.

Trading volumes, as before, remain below the daily average level – this does not give the bulls the opportunity to overcome the upper border of the corridor (35000.00 USD).

If the recovery within the corridor is supported by large volumes, then we can hope for a breakout to the resistance of 36000.00 USD.

ETH / USD

Last weekend, the Ethereum price consolidated around the POC line (2121.67 USD). The buyer managed to form a weak bullish momentum tonight and the pair tested the two-hour EMA55.

Until this morning, the pair has not yet managed to gain a foothold above the level of average prices, but if buyers intensify the onslaught, the ether price will continue to recover to the area of ​​2200.00 USD. A break of resistance in the area of ​​2200.00 USD opens the prospects for recovery to the area of ​​2400.00 USD.

If the weak efforts of the bulls are not crowned with success, then the likelihood of a rollback to the psychological level of 2000.00 USD remains relevant.

XRP/USD

At the end of last week, the bears were unable to strengthen the onslaught and the XRP price remained in sideways consolidation just below the two-hour EMA55. Buyers managed to gain a foothold above this moving average tonight, and in the morning there are attempts to continue growth to the level of 0.700 USD.

However, small trading volumes do not allow for dynamic growth. The pair continues to trample in the area of ​​average prices. The recent outlook to renew the July lows in the USD 0.560 area is still relevant if the bears renew pressure as they approach the USD 0.700 resistance.

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