Analysis of prices for Bitcoin, Ethereum, XRP for 08/29/2020

Will buyers be able to continue the recovery dynamics above the average price level?

BTC / USD

Yesterday's auctionOn medium volumes, the BTC price overcame the two-hour EMA55 and settled in a narrow consolidation around 11500.00 USD. 

If buyers manage to continue the recovery today, they will test the POC line (11740.62 USD). 

If the buyers' activity is low over the weekend, as it was this morning, then the pair will not be able tostay above the average price level and retrace to the support of 11200.00 USD. 

ETH / USD

The short-term consolidation of the Ethereum price at the level of average prices ended yesterday with a recovery to the POC line (395.77 USD).Buying volumes were below the average level, and buyers were unable to test the psychological level of 400.00 USD until this morning. 

On the weekend, a breakout of the resistance of 400.00 USD is possiblewill be limited to 410.00 USD.medium, the pair will test the 417.00 USD mark. 

If buyers fail to stay above the average price level, the price will return to the area of weekly lows (370.00 USD). 

XRP / USD

After a weekly low of 0.255 USD, the price of Ripple has recovered to the area of 0.270 USD.Yesterday, trading volumes were below average and buyers failed to test the two-hour EMA55. 

If the recovery dynamics continues over the weekend, the pair will overcomeresistance of the average price level and will test the POC line (0.294 USD). 

If the bears resume the pressure at 0.280 USD, the XRP price will roll back to the support of 0.250 USD. 

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