Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 01/27/2020

Last weekend, the market fell to a halt, and in the coming week, buyers will try to win backthe price in the area of the annual maximum.

BTC / USD

On Saturday, the BTC price stopped its decline and managed to consolidate in the area of 8300.00 USD. 

On Sunday, buyers did not give up the idea of breaking through the green trend line in order to stay in the upward flow.At night, they managed to puncture the resistance of the trend line, and in the morning they tested the POC level (8636.70 USD). 

If the ascending green line manages to overcome the support today, the next stage of the price recovery will beresistance strength test 8800.00 USD. 

Recall that since the beginning of last week, it was this line that kept the pair sideways and reversed the price into a deep pullback, below the green trend line, which has been a powerful support for the bull run since December. 

If the bulls break through the resistance of 8800.00 USD this week, then the bulls will growmay continue to a new yearly high in the 38.2% Fib area (9441.98 USD). 

ETH / USD

Despite very low trading volumes, buyers were able to stay near the POC line (160.70 USD), and tonight they restored the price to the resistance area of 61.8% Fib (168.70 USD). 

Such dynamic growth is not yet supported by large volumes, and soon the price mayHowever, if the bulls consolidate above the 61.8% Fibonacci level, they will be able tocontinue the run and renew the yearly high around 180.00 USD. 

XRP / USD

The orange level at 0.220 USD was able to keep the XRP price in a short-term consolidation.On Sunday, buyers took advantage of this support and restored the price of Ripple to the resistance of 0.232 USD. 

Despite a rather strong bullish momentum, the pair has not yet managed to gain a foothold above the Point Of Control line (0.234 USD). 

If the price does not drop below 0.226 USD this morning, then the price will growThis is the upper limit of the sideways range in which the price broke at the beginning of last week.Its breakout will confirm the bulls' intentions to continue the bullish run.In this case, in the second half of the week, we can count on a high around 0.260 USD. 

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