Analysis of the prices of Bitcoin, Ethereum, XRP for 04/29/2021

Ethereum price continues to update highs, and Bitcoin has not yet been able to gain a foothold above 56,000.00 USD.

BTC / USD

Yesterday morningThe pair rolled back to the area of average prices, and during the day tried to recover to the resistance of 56000.00 USD.By the end of the day, buyers still managed to test this level, but the activity of sellers returned the price of BTC to the hourly EMA55. 

If bulls increase volumes, the bulls will overcome the resistance of 56000.00 USD and continuerecovery to the area of 58000.00 USD. 

ETH / USD

Yesterday morning, the price of Ethereum rolled back to the support of 2600.00 USD.Despite the bears' attempt to puncture this level, the pair was able to stay above it and recovered above the midline of the ascending channel by the end of the day. 

At night, the bulls renewed their absolute maximum around the level of 2764.00 USD. We believe that today, after a small pullback, the bulls will continue their race towards the upper border of the ascending channel.

XRP / USD

Yesterday morning, sellers pushed the XRP price to the mid-range area, but the yellow support of 1.315 USD was able to keep the pair consolidating. 

Late in the evening, trading volumes decreased significantly, and buyers slightly recovered the price on small volumes.On such volumes, it is not yet possible to break through to the resistance of 1.500 USD, but if the bulls are able toform a powerful impulse, the pair will be able to gain a foothold above the purple resistanceone and a half dollar per coin. 

* All prices are based on BitStamp data

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