March 28, 2024

Analysis of prices for Bitcoin, Ethereum, XRP for 07/25/2020

Analysis of prices for Bitcoin, Ethereum, XRP for 07/25/2020

Before the end of the current week, the bulls will try to update the highs, but by the beginning of the next working week the marketmay roll back to the area of ​​average prices.

BTC / USDAnalysis of prices for Bitcoin, Ethereum, XRP for 07/25/2020

Yesterday, in the first half of the day, sellers pushed backBTC price is below 9500.00 USD. However, sales were carried out in small volumes, and in the second half of the day buyers were able to repeat their attempt to gain a foothold above the blue trend line. 

The pair again pierced the ascending trend line, but this time the bulls failed to update the July high. Overnight, the price of Bitcoin retreated below the blue dotted line. 

Until the end of the week, attempts to gain a foothold in the upward trendlocal uptrend channel may repeat. It is possible that the result of the most successful attempt – There will be a re-test of the resistance at 9800.00 USD, but it will most likely not be possible to stay above the trend line, and the pair will roll back to the support of the 38.2% fib level (9441.98 USD).

ETH / USDAnalysis of prices for Bitcoin, Ethereum, XRP for 07/25/2020

Yesterday morning the price of Ethereum rolled back into purpleside corridor. In the afternoon, the bulls managed to leave the resistance zone and at the end of the day set a new July high in the area of ​​289.00 USD. 

Update the annual maximum set inFebruary is not working yet. Today the attempts will be repeated again, and we expect a new annual high just above the 300.00 USD mark. Before the beginning of next week, the price of ETH may return to the purple side channel. 

XRP / USDAnalysis of prices for Bitcoin, Ethereum, XRP for 07/25/2020

Yesterday, the price of Ripple rolled back to the two-hour EMA55. The level of average prices limited the pullback, and buyers tried to restore the price. 

The growth has not yet been supported by large volumes and the pair cannot yet update the monthly high, but today attempts to test the resistance of 0.213 USD may continue. 

Before the end of the current week, a new monthly high is possible around the 0.215 USD mark, and at the beginning of the next week there is a high probability of a rollback to the support of 0.200 USD. 

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