Bitcoin, Ethereum, XRP price analysis on 06/15/2020

Tonight, sellers squeezed prices out of a narrow sideways range. Will buyers be able to return prices toprevious level?

BTC / USD

Last weekend the price of Bitcoin spent in a narrowside range around the 38.2% fibo level (9441.98 USD). On Sunday, the lower boundary of the range held back the pressure of sellers, but in the Asian session, the bears pushed through the support at 9300.00 USD and rolled back the BTC price to the weekly low. 

There was no strong pressure, trading took placeat the average level and as of this morning the decline has stopped around the 9100.00 USD mark. On the daily time frame, the moving average EMA55 passes through this zone. If the bears push through this level, the decline will continue to the area of ​​8600.00 USD. 

Stoch RSI indicator lines have reached the zoneoversold, but there is still potential for decline. If there are no longer large sales, then today the price may recover to the area of ​​9300.00 USD. 

  

ETH / USD

On Saturday and Sunday, the price of Ethereum wasin flat. Yesterday, trading volumes did not exceed the average level and the lower border of the sideways reflected the attack of the bears several times. However, tonight they managed to break through the weak support at 233.33 USD and the price rolled back to the 100% Fibonacci level, updating the weekly low. 

In the morning, the decline has stopped and the price may rebound to around 233.00 USD. During the day, buyers will try to return the price to the sideways range. 

Despite the fact that on the daily time framethe indicator lines have reached the oversold zone, a signal to restore the pair has not yet formed. If buyers are unable to gain a foothold above the orange line of 233.33 USD, then the decline will continue to the area of ​​216.00 USD. 

XRP / USD

Last Sunday level 0.190 USD barely held back the attempts of sellers to squeeze the Ripple price out of the sideways range. Tonight this support failed to withstand another onslaught, and the XRP price set a local minimum at 0.185 USD. 

In the morning the decline stopped and buyerstrying to return the price to a sideways range. If it is not possible to overcome the level of 0.190 USD, then the decline will continue to the upper border of the purple descending channel. 

  

* All price values ​​are based on data from the BitStamp exchange