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

In the near future, it is expected to update the weekly maximum and a significant reduction in prices by January support levels.

BTC / USD

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

During the day on the Bitstamp exchange, the price set a weekly maximum at 9187.85 USD, and on Bitfinex at 9199.70 USD. It did not work to test the resistance of 9200.00 USD.

Judging by the short pullbacks, the bulls intend to break throughthe border of the orange range and update the maximum in the area of ​​9300.00 USD. However, will they be able to continue further growth? Until the beginning of next week, the price of Bitcoin may return to the support of 8800.00 USD.

ETH / USD

Point Of Control Indicator Line (228.79 USD) kept the price of ether from decreasing. Buyers were able to increase volumes and break through resistance 233.00 USD. Growth stopped at a 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 level of 250.00 USD. Until the end of the week, the pair may roll back below the support of 100% Fibo (222.98 USD).

XRP / USD

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

If today the price of Ripple is kept above the average price level, then growth in the area of ​​0.260 USD is possible.

However, immediately after a 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.