February 22, 2024

Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 03/25/2020

Analysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 03/25/2020

Market recovery is not over yet. Prices did not manage to reach target levels.

BTC / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 03/25/2020

Yesterday buyersThey continued to try to break through the upper border of the blue corridor.On small volumes, they were able to exit the blue descending channel and gain a foothold in a narrow consolidation.Bulls have not yet been able to test the resistance of the 23.6% Fib level (7026.60 USD). 

However, tonight, the price of Bitcoin received support from the average price level, and now, it is possible that during the day the pair will be able toA daily high is possible around 7200.00 USD, after which there is a high probability of a deep pullback. 

ETH / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 03/25/2020

Yesterday, the 38.2% Fib level (135.17 USD) acted as support for the price of Ether.In the first half of the day, the maximum was set at 144.00 USD.In the second half of the day, trading volumes fell below the average level and the ETH/USD pair was located in a narrow sideways range. 

Possibly, today the price may grow towards the 50% Fibonacci retracement at 151.94 USD. 

XRP / USDAnalysis of cryptocurrency pairs BTC / USD, ETH / USD and XRP / USD on 03/25/2020

Buyers failed to significantly recover the price of Ripple yesterday.During the day, the pair consolidated in a narrow range above the hourly moving average. 

If it is possible to increase the volume of purchases today, then the price of XRP will be able toreach yesterday's target level of 0.170 USD.And if you try a little, then a bullish momentum of medium strength, could test the resistance of 0.187 USD.

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