Bitcoin, Ethereum, XRP price analysis on 05/25/2020

Will current support levels limit market decline?

BTC / USD

Last Saturday no customersmanaged to increase volumes, and the price of Bitcoin was unable to break through the two-hour EMA55. 

On Sunday the attempt was repeated, but with the sameresult. The resistance of the two-hour moving average EMA55 turned the pair into a pullback, as a result of which, before the end of the day, the price of Bitcoin tested the POC line (8858.55 USD). 

Tonight, selling pressure intensified, and the pair set a local low at 8630.00 USD. 

We believe that in the near future the price of BTC will beremain in consolidation in the Point Of Control area (8858.55 USD), but according to our forecasts, the bears may increase pressure and the pair will continue to decline towards the psychological mark of 8000.00 USD. 

ETH / USD

Last weekend, the price of Ethereum was unable to continue its recovery to the area of ​​weekly highs and rolled back below the POC line (208.18 USD). 

Last night shoppers made a desperatean attempt to break through the resistance of the Point Of Control indicator line (208.18 USD), but it pushed the price of ether below the psychological level of 200.00 USD. After a low around 197.00 USD, the price rebounded to the area of ​​202.00 USD. 

Will the pair be able to take advantage of the support of the psychological level of 200.00 USD to remain in the area of ​​average prices at the beginning of the week? 

If there is strong pressure from the bearstoday will not be, then for some time the pair will be able to consolidate in the support area of ​​200.00 USD, but soon sellers can increase volumes and then the price will drop below the level of 78.6% fibonacci (192.57 USD).

XRP / USD

On Saturday, the price of Ripple managed to break through the upper boundary of the downward channel, but failed to leave the purple corridor of the local downtrend. 

On Sunday, the price tried to stay above the psychological level of 0.200 USD, but in the afternoon, on low volumes, sellers returned the pair within the descending purple channel. 

Tonight on the Bitstamp exchange it was recordeddeal at a price of 0.175 USD. On Binance and Bitfinex, the decline was limited to support at 0.189 USDT. At the same time, in the morning the pair rebounded to the area of ​​0.194 USD and is trying to recover to the area of ​​average prices. 

We believe that the decline may soon resume and the rollback to the lower border of the purple corridor will continue. 

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