Analysis of prices for BTC, ETH, XRP (28.01.21)

BTC / USD

Yesterday, the bears retained control of the market and gradually reduced the price of BTC. In the afternoon, they managed to pierce the psychological support of 30,000.00 USD, but by the end of the day the pair was able to recover and is now holding above this level.

Today buyers will try to continue the recovery towards the average prices. If they break the resistance of the 2-hour EMA55, then the price will test the purple downtrend line.

ETH / USD

Yesterday sellers pushed the support of 1250.00 USD and tested the blue uptrend line. This trend line limited the pair’s decline, marking the lower border of the sideways trend.

If buyers break through the resistance of the EMA55 moving average today, the pair may leave the sideways range and test the resistance of 1400.00 USD.

XRP / USD

Yesterday the XRP price broke the 0.260 USD support and came close to the 0.240 USD level.

Today the pair may recover to yesterday’s support level of 0.260 USD. If buyers overcome this level, the price will be able to gain a foothold within the sideways range of $ 0.280 – $ 0.310.

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