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Analysis of prices for BTC, ETH, XRP (16.06.21)

BTC/USD

Yesterday, buyers were unable to increase volumes, and the price of bitcoin spent the whole day in a narrow sideways direction with support at 39600.00 USD.

At the end of the day, buyers still managed to update the weekly high around the 41340.00 USD mark, but the recovery to the 50% Fibonacci level (USD 42447.96) has not yet been continued.

The absence of a clearly expressed positive sentiment among buyers may cause a rollback to the area of ​​average prices, but the scenario of a breakthrough above 50% Fibo is still relevant.

ETH / USD

Yesterday morning, trading volumes were below average, but this did not stop the price of Ethereum from updating the weekly high around the 2640.00 USD mark. The recovery to the resistance of 2800.00 USD cannot be continued.

The pair is trying to gain a foothold above the four-hour EMA55, and if today this moving average keeps the ether price from falling, then in the second half of the week we can expect a breakout of the resistance of 2800.00 USD and a re-test of the psychological level of 3000.00 USD.

XRP/USD

Yesterday the XRP price could not hold above the four-hour EMA55 and sank to the 0.855 USD mark. There is no deep retracement on small volumes so far, therefore, after a short consolidation, buyers have a chance to recover to the psychological level of 1.00 USD.

If bearish pressure intensifies, the pullback may continue to support at 0.800 USD.

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