Bitcoin, Ethereum, XRP price analysis on 07/15/2020

Yesterday the market showed rather weak recovery dynamics within a sideways range.Will buyers today be able to increase the onslaught on the upper border of the corridor?

BTC / USD

Yesterday, in the morning, the price of Bitcoin was stillwas under selling pressure, but sales volumes began to decline. During the day, the price marked a local minimum at 9095.00 USD, and in the second half of the day a recovery began, which by the end of the day lost its dynamics at the level of the POC indicator line (9278.34 USD). 

It was not possible to continue the recovery at the Asian session. The pair was unable to overcome the Point Of Control line and was stuck in a narrow sideways trend at the average price level. 

If the two-hour EMA55 keeps the pair from falling intozone of yesterday's low, then today buyers will try to break through the resistance of 9300.00 USD. A successful breakout will lead to a retest of the 38.2% fib level (9441.98 USD). 

If buyers are unable to gain a foothold above the blue dotted trend line, then in the near future a reduction to the area of ​​9000.00 USD is possible.

ETH / USD

Selling pressure eased yesterday morning.On declining volumes, they broke through the lower border of the blue sideways range (238.00 USD) and the pair returned to the narrow sideways range. Late in the evening, the price of ether tested the upper limit of this corridor and remained flat overnight. 

If trading volumes are below average todaylevel, then the pair will continue to move in the blue side corridor. In the second half of this week, buyers will try to pull the ETH price out of the sideways consolidation and break through the resistance of 247.00 USD. 

On the other hand, if the bears break through the support at 233.33 USD, then by the end of the week the pair may roll back to the 100% fib level (222.98 USD). 

XRP / USD

Sales volumes decreased significantly yesterday andDuring the day, the price of Ripple showed weak recovery dynamics. The pair returned to the area of ​​average prices, but failed to continue growing above the psychological level of 0.200 USD. 

Today, buyers will try to break through the resistance of 0.200 USD and test the POC line (0.203 USD). In case of failure – the price may roll back to support 0.190 USD. 

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