BTC, ETH, XRP Price Analysis
Last Saturday, Bitcoin buyers tried to break above the resistance of 60000.00 USD, but the bears did not allow a breakthrough and threw the pair BTC/USD below the two-hour EMA55.
On Sunday night, the bearish pressure increased and the price of Bitcoin set a local low around the mark of 56474.00 USD. Yesterday, Bitcoin was recovering all day to the key level of 58000.00 USD, but the purchase volumes were too small and buyers could not break above the two-hour EMA55.
As of this morning, the price has rolled back below the level of 58000.00 USD. During the day, there will be another attempt by buyers to restore the pair above the average price level, if it is not supported by large volumes, the decline will continue to support 55000.00 USD.
On Saturday, the bears tried to push the price of Ethereum below the 2000.00 USD mark. They managed to pierce the support of this psychological level and set a local minimum at the point of 1981 USD, but they failed to continue the decline. At the end of the week, buyers restored the price to the resistance area of 2100.00 USD.
At the beginning of this week, attempts to update the absolute maximum may be repeated, but if the bears push through the two-hour EMA55, the price of ETH will roll back to the support of 1860.00 USD.
On Sunday, Ripple buyers managed to set the April high at 0.57 USD.
Until the end of the week, buyers returned the pair to the level of 0.600 USD, and tonight a powerful bullish impulse forced the price of XRP to overcome the April high zone and update it to the level of 0.700 USD. The price increase of more than 20% strengthened Ripple's position in the CoinMarketCap rating, raising it to the seventh place in terms of capitalization.
If trading on Ripple finally revives, the growth may continue to the level of 0.750 USD. If the volumes do not exceed the average level, the pair will soon return to the area of the moving average EMA55.