Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 02/05/2020

If the prices stay within the lower border of the uptrend, then the growthcan continue to newannual highs.

BTC / USD

Yesterday, sellers pushed through the support of 9200.00 USD and continued to decline the BTC price.The pair pierced the green trend line, marking a low at 9075.00 USD, but eventually managed to stay in the ascending channel.At night, trading volumes decreased and the price of Bitcoin settled in a narrow consolidation at the support level of 9200.00 USD. 

Today, buyers will try to restore the pair above the hourly EMA55 level and stay around 9340.00 USD.If they do not run into aggressive sales in this area, then the price will testthe upper limit of the orange range. 

ETH / USD

Yesterday, the bears broke through the level of 186.00 USD and pierced the green trend support line on the decline.However, the upward trend line limited further efforts by sellers and helped the price of Ether to recover above the average price level. 

If the hourly EMA55 provides support, the recovery will continue above the resistance of 78.6% Fib (192.57 USD).The next high is possible in the area of the psychological mark of 200.00 USD. 

If the price of ETH fails to overcome the 78.6% Fibonacci level, it will at least try to stay in consolidation above the  green trend line. 

XRP / USD

Yesterday morning, the XRP price sank slightly to the lower border of the ascending channel, but a strong bullish momentum forced the pair to test the resistance of 0.266 USD. 

At night, the pair managed to continue growing, and this morning the pair will be able to renew the yearly high at 0.280 USD.Approximately in this area there is an upper border of the green ascending channel, which will limit thefurther growth of the Ripple price and will return the pair to the level of 0.266 USD. 

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