Analysis of prices for Bitcoin, Ethereum, XRP for 09/23/2021

The market showed signs of recovery yesterday. Will the bulls continue to rise today?

BTC / USD

Yesterday morningBitcoin price recovered to the 50% fibonacci level (42447.96 USD) and during the day buyers tried to break higher. It was not possible to do this on small volumes. 

Only in the afternoon, when buyerswere able to form a medium-strong bullish impulse, the BTC price broke through the 50% fibo (42447.96 USD) and at the end of the day marked the daily maximum around 44030.00 USD. 

At night, the volume of purchases decreased, and the pair consolidated in a sideways range, and this morning it returned to the zone of yesterday's maximum. 

If buyers maintain the initiative, the price recovery will continue to the area of ​​45000.00 USD and before the weekend the pair will test the resistance of 46000.00 USD. 

If today there is no support from large buyers, the pair will sink to the 50% fib level (42447.96 USD). 

ETH / USD

Yesterday morning, on low volumes, the price of Ethereumrecovered above 2800.00 USD. During the day, the recovery continued and by the end of the day the pair consolidated in a sideways range with support at the psychological level of 3000.00 USD. 

At night, the already low volumes of purchases are even greaterfell, but as of this morning the pair was able to come close to the level of 3100.00 USD. If large volumes of buyers are included in the trading, the growth may continue towards the resistance of 3200.00 USD. 

On small volumes, sellers can easily seize the initiative and return the pair to support at 2800.00 USD.

XRP / USD

Yesterday morning there was no bearish pressure and the XRP price was able to consolidate above the support of 0.900 USD. 

In the afternoon, the growth of the cryptocurrencyflagship pulled up the prices of altcoins and the XRP/USD pair recovered to the area of ​​average prices, and at night tried to stay above the psychological level of 1.00 USD. 

This morning the price of Ripple remains at the levelone dollar per coin. If the bulls fail to continue recovery in the first half of the day, the pair will roll back to the 0.960 USD area. And in case of positive sentiment among market participants, the price may consolidate above the level of 1.050 USD. 

* All prices are based on BitStamp data

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