Bitcoin, Ethereum, XRP price analysis for 09/15/2020

Will buyers be able to continue the recovery today?

BTC / USD

Yesterday buyers were able to forma fairly powerful bullish impulse and repeat the breakout of the resistance at 10500.00 USD. This morning the price has already managed to break through the resistance at 10800.00 USD. 

On the daily time frame, the moving average EMA55 passes in this area. If today the bulls manage to overcome it and continue recovery, then the price may test the level of 11200.00 USD. 

If sellers reverse the pair around the daily EMA55, we hope that such a pullback will stop the level of 10500.00 USD.

ETH / USD

Yesterday, the volume of purchases on Ethereum exceededaverage level and during the day, buyers restored the price of ether from the two-hour EMA55 to the rising trend line. In the morning, volumes decreased, so it was not yet possible to overcome the green trend line. 

If buyers continue their bullish onslaught, they can test the target level of 400.00 USD and gain a foothold in the green ascending channel. 

If the resistance of the lower boundary of the channelwill turn the price downward, then with low market activity the pair may remain at the level of 360.00 USD, and if volatility jumps, the decrease may reach support of 320.00 USD. 

XRP / USD

Yesterday, buyers were able to continue their recoveryfrom the average price level and came close to the resistance of 0.250 USD. On the daily time frame, the Stoch RSI indicator lines show the potential for continued recovery to the 0.265 USD area, so the probability of a breakout of the 0.250 USD level is still relevant. 

However, so far we do not see a major buyer who could continue this growth, and if the pair fails to consolidate above the 0.250 USD mark, then the XRP price will roll back to the support of 0.230 USD. 

With a strong bearish impulse, sellers may break through the September lows and update it at the support area of 0.213 USD. 

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

Subscribe to ForkNews on Telegram