BTC/USD, ETH/USD and XRP/USD analysis March, 24
Yesterday morning, the support of 53400.00 USD withstood the onslaught of bears. Sellers punctured this level, but the price was able to recover to the area of 55800.00 USD. In the second half of the day, trading volumes began to decline, and the price of Bitcoin returned to the support of 53400.00 USD.
Yesterday's forecast for a decline in the area of 51600.00 USD remains still relevant, but if buyers can break above the two-hour EMA55, then the bulls will resume their attempts to return the pair above the green ascending trend line.
Yesterday, the level of 1660.00 USD restrained the pressure of sellers Ethereum. The price of ether has punctured this level several times, but is still holding above it.
If today buyers are unable to return the pair to the limits of a wide two-week corridor, the decline will reach the level of 1600.00 USD.
Yesterday, trading volumes for Ripple declined below the average level and the pair's volatility decreased. At the end of the day, the XRP price fell back to the area of 0.541 USD, and tonight the decline stopped at 0.536 USD. On smaller time frames, you can see buyers ' attempts to restore the pair, but the purchase volumes are still quite modest and do not allow the price to return to the area of the weekly maximum.
If the volume of purchases can be increased, the pair will again be able to test the resistance of 0.600 USD.