Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 01/04/2020

Over the weekend, the market will consolidate at the current support levels.

BTC / USD

Yesterday's price recoveryBitcoin continued, and the pair tested the level of 7400.00 USD.Trading was quite active, but buyers could not break through this resistance. 

The bullish momentum began to fade and turned into a narrowing consolidation in the area of 7300.00 USD.We believe that by the end of the week the pair will stay in a sideways range with support at the Point Of Control line. 

ETH / USD

Ethereum's price recovery was supported by large volumes and the pair broke through the level of 132.00 USD.In the second half of the day, the volumes began to decline, but the bulls managed to set a local high around 135.00 USD in the fading market. 

Buyers did not have enough strength to overcome the resistance of the 38.2% Fib level (135.17 USD).The pair started consolidating with support in the area of 132.00 USD. 

Today, the movement in the lateral direction will continue, and before the end of this week, the pair may roll back below the hourly EMA55.

XRP / USD

Yesterday, the bullish momentum was enough to set a local high around 0.194 USD.In the afternoon, the price of Ripple moved into a narrow consolidation in the high zone. 

Volumes below the average level do not allow buyers to reach the resistance of 0.200 USD.However, absence of a significant pullback and the support of the hourly EMA55 may contribute to the pair's further recovery. 

Even if the price of XRP manages to test the level of 0.200 USD, it will still not be possible to gain a foothold in the local high zone.Most likely, we are waiting for a pullback of the blue trend line. 

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