Bitcoin, Ethereum, XRP price analysis on 06.25.2020

Yesterday's bearish pressure broke through the nearest support levels. To what levels shouldexpect prices to fall?

BTC / USD

Yesterday morning the sellers went on the offensive andpulled back the Bitcoin price below the two-hour EMA55. During the day, the bears intensified their pressure and broke through the strong support of the 38.2% fibo (9441.98 USD), and in the evening the decline slowed down at the level of 9300.00 USD. 

During the Asian session, buyers tried to restore the price, but sellers fought off all attempts to overcome the level of 9300.00 USD, and the decline continued as of this morning. 

Currently, the price of Bitcoin has returned tothe descending orange corridor from which she emerged with great difficulty at the end of last week. The bears broke through the nine thousand mark and set a low at 8989.00 USD. Buyers are taking another"Rescue operation", but we believe that the decline is not over yet. 

If today the price of BTC does not work outPullfrom the descending channel, then in the near future the fall will continue to the lower border of the orange corridor, to the support area of ​​8600.00 USD.

ETH / USD

Yesterday the bears did not allow the bulls to continue growingabove the resistance at 247.00 USD and the pair rolled back to the support at 233.33 USD. At night there were attempts by buyers to restore the price of ETH, but in the morning the decline continued and a local minimum was marked at 227.00 USD. 

We believe that today the bears are notwill stop and continue to roll back the pair below the 100% Fibonacci level (222.98 USD). In the area of ​​218.00 USD the decline will slow down significantly. However, by the end of the month the pair may reach the psychological level of 200.00 USD. 

XRP / USD

Yesterday, active sales caused a sharp decline in the price of Ripple. By the end of the day, the pair rolled back to the low of last week. 

During the Asian session, buyers triedrestore the price from the minimum zone, but this morning the decline continued. We believe that in the near future, the pair will reach the upper limit of the descending purple corridor and consolidate in the support area of ​​0.170 USD. 

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