Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 03/07/2020

In the near future, a renewal of the weekly maximum and a significant reduction in prices to January prices is expectedsupport levels.

BTC / USD

Yesterday, the pair consolidated above the “middle line” of the orange corridor and buyers continued to try to test its upper limit. 

On the Bitstamp exchange, during the day the price set a weekly maximum at 9187.85 USD, and on Bitfinex at 9199.70 USD. It was not possible to test the resistance at 9200.00 USD. 

Judging by the short pullbacks, the bulls intend to break throughborder of the orange range and update the maximum in the area of ​​9300.00 USD. However, can they continue to grow further? Before the beginning of next week, the Bitcoin price may return to support at 8800.00 USD.  

ETH / USD

Indicator line Point Of Control (228.79 USD) kept the price of ether from declining. Buyers were able to increase volumes and break through the resistance of 233.00 USD. The growth stopped at the maximum point of 246.80 USD. The target level in the area of ​​250.00 USD has not yet been reached. 

Today a re-test of the zone is possible, just above the 250.00 USD mark. Before the end of the week, the pair may roll back below the 100% fib support (222.98 USD). 

XRP / USD

Buyers were able to increase volumes higher yesterdayaverage level, but we did not see significant growth. The pair consolidated above the three-hour moving average EMA55 and consolidated in a narrow sideways range. 

If today the price of Ripple remains above the average price level, then an increase to the area of ​​0.260 USD is possible. 

However, immediately after the weekly high, there is a high probability of a fairly deep pullback. We believe that in this case the price may reach the January support of 0.219 USD. 

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