Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 02/25/2020

Can prices linger in consolidation today or will sellers continue to decline?

BTC / USD

Yesterday volumestrading remained at an average level, and the Bitcoin price consolidated in the two-hour EMA55 area. 

In the evening, sales volumes began to increase, and a coupleBTC/USD retreated into the orange sideways range. Selling pressure was not strong enough to test the 38.2% fib level (9441.98 USD), so the price consolidated near the upper limit of the range. 

Today a decline to support 9441.98 USD is possible.We believe that this level will be able to keep the price in the orange sideways for a short time, but if pressure from the bears intensifies, the pair will break through the lower boundary of the range and roll back to the support of 9200.00 USD. 

ETH / USD

The two-hour moving average EMA55 heldyesterday the price of ETH was in the purple side corridor. At the end of the day, sellers still managed to push through the lower border of the purple range and push the price below the support of 264.00 USD. 

While the pressure is not strong, the pair consolidates intoarea of ​​this support level, but if sellers increase volumes today, the price will test the green trend line around 240.00 USD. 

XRP / USD

Yesterday, the decline of the XRP/USD pair reached the orange support of 0.266 USD. In this area, trading volumes began to decline and this support level stopped the decline. 

Some consolidation of the XRP price in this area is possible today, but if the pressure intensifies, the decline will continue to the POC line (0.236 USD)

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