Price Analysis of BTC, ETH, XRP for May 25, 2021
Yesterday, buyers were able to overcome the lilac resistance level of 36000.00 USD and consolidated above the 38.2% Fibonacci level (37150.24 USD). Late in the evening, the growth continued to the three-hour EMA55. This morning, the moving average limited the further growth of the BTC price, and in the first half of the day, the pair will try to gain a foothold in the side range, using the support of 38.2% Fibonacci (37150.24 USD). In the event of a break above the average price level, the pair will continue to recover to the fifty percent Fibonacci level (42447.96 USD). If the bears push the price below the 38.2% Fibonacci , then the lilac level of 36000.00 USD can act as support.
Yesterday morning, the bulls struggled with the resistance of the thin purple downtrend line for a long time. At some point, they managed to break through the lower border of the descending channel and will recover to its upper border. Last night, the price tried to go beyond the descending corridor, but the upper trend line kept the pair in the purple corridor. During the day, attempts to break above the resistance of 2800.00 USD will be repeated, but whether the price of ether will be able to stay above the three-hour EMA55 is still unclear.
Yesterday, buyers tried to recover the XRP/USD pair. As a result, the price of Ripple tested the psychological level of 1.00 USD. Further growth is held back by the red line of the down trend. Today, a pullback to the support of 0.860 USD is possible. If buyers hold this level, then we should expect a break above the downtrend line.