May 15, 2021

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

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

Yesterday morning the pair rolled back to the area of ​​average prices, and induring the day it tried to recover to the resistance of 56000.00 USD. Until the end of the day, buyers still managed to test this level, but the activity of sellers brought the BTC price back to the hourly EMA55.

If buyers increase in volume, then the bulls will overcome the resistance of 56000.00 USD and continue to recover to the 58000.00 USD area.

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

Yesterday morning Ethereum pricerolled back to support at 2600.00 USD. Despite the bears' attempt to pierce this level, the pair managed to stay above it and recovered above the middle line of the ascending channel until 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 / USDAnalysis of the prices of Bitcoin, Ethereum, XRP for 04/29/2021

Sellers pushed the XRP price back into the mid-range yesterday morning, but the yellow support at 1.315 USD was able to keep the pair in consolidation.

Late evening trading volumes are significantdecreased, and on small volumes buyers slightly restored the price. At such volumes, it has not yet been possible to break through to the resistance of 1.500 USD, but if the bulls can form a powerful impulse, the pair will be able to gain a foothold above the purple resistance one and a half dollar per coin.

* All prices are based on BitStamp data

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