Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 01/09/2020

Yesterday a rollback began, which today may continue to the nearest support levels.

BTC / USD

Yesterdaybuyers failed to break above the monthly high. The overbought market contributed to the Bitcoin price rolling back to the POC line. 

Today the pullback may continue to the two-hour EMA55 (7800.00 USD). If this level of average prices provides support for the pair, then the price will be able to consolidate briefly in a narrow range. 

ETH / USD

Ethereum price failed to stay in the zone yesterdayJanuary high and retreated below support at 144.00 USD. The two-hour moving average has stopped the decline in the price of ether and this morning the pair is consolidating above the average price level. 

During the day, the rollback may continue to the 38.2% fib level (135.17 USD). We believe that this Fibonacci level will be able to keep the pair sideways for some time. 

XRP / USD

Yesterday, the XRP price tried to stay sidewaysrange in the area of ​​the mark of 0.215 USD. In the morning, buyers even tried to restore the price to the resistance of 0.220 USD, but the bears pushed the price to the level of four-hour EMA55.

Now the pair has managed to consolidate a little in a narrow range, but we believe that the decline may continue to the support area of ​​0.200 USD. 

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