Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD as of December 25, 2019

Today, market activity may decrease, but will it stop the slow price slide?

BTC / USD

Yesterdaybuyers tried to repeat the restoration andwere able to increase volumes above the average level, but this was not enough to overcome the resistance of 7400.00 USD. This resistance level returned the pair to the average prices of the two-hour EMA55. 

At the end of the day, volumes began to increase significantlycontract, and the pair continued to decline towards the POC line. After a retest of the support at 7166.00 USD, the decline stopped and the price was able to consolidate below the two-hour EMA55 level.   

Today, yesterday's scenario may completely repeat itself. The price will again test the resistance at 7400.00 USD and again return to the Point Of Control line (7153.69 USD).Will this support withstand bear pressure today? Even with low activity from sellers, the pair may sink even deeper, to the 23.6% fib level (7026.59 USD).  

ETH / USD

Yesterday, the ETH/USD pair consolidated in a narrow range with support at the POC line level (126.96 USD). Buyers' attempt to expand the sideways range was limited by the two-hour EMA55. 

At the end of the day, sellers returned the pair to the lower border of the sideways trend, and at night they managed to push through the support of the Control Point line (26.96 USD). 

Today we expect continued consolidation in the sideways corridor and some expansion of the lower boundary of the range. We believe that a local daily minimum is possible around 124.00 USD. 

XRP / USD

Ripple price yesterday consolidated in a narrowrange below the two-hour EMA55 level. Trading activity was above average, but buyers failed to break through the resistance of the moving average EMA55. 

As of this morning, the pair is still within yesterday's corridor, but today a decline to the area of ​​0.180 USD is possible. 

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