Analysis of prices for Bitcoin, Ethereum, XRP for 08/31/2020

Over the weekend, Bitcoin broke through the resistance of the average price level. Growth may continue higher at the beginning of the week12000.00 USD.

BTC / USD

Over the weekend, shoppers were able to continuerecovery and the price of Bitcoin came close to the POC line (11740.62 USD). Trading volumes over the last 24 hours did not exceed the average level and the price was stuck in the Point Of Control zone. 

Today we can expect a rollback to the two-hour EMA55 level, and if buyers find support in this area, the recovery will continue to 12000.00 USD. 

If the bears try to push the pair below the 50% fib (11394.15 USD), then the efforts of sellers will be limited to the support of 11200.00 USD. 

ETH / USD

Last weekend, the price of Ethereum consolidated above the psychological level of 400.00 USD. On Sunday, purchase volumes exceeded the average level and the pair broke through the resistance of 420.00 USD. 

Tonight the growth continued and at the beginning of this week a local maximum was set around 430.00 USD. 

We believe that during the day buyers will be able to maintain their positions above the level of 420.00 USD, continuing the recovery to the area of ​​August highs of 447.00 USD. 

XRP / USD

Ripple price broke through resistance on Saturdaytwo-hour EMA55, and Sunday buyers consolidated above the level of 0.280 USD. During the Asian session, trading volumes decreased and the pair was unable to continue its dynamic growth towards the POC line (0.294 USD). 

If today the bears are unable to push through the support of 0.280 USD, then at the beginning of the week the price will consolidate in short-term consolidation in the Point Of Control area (0.294 USD). 

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