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 / USD

Buyers yesterday continued attempts to break through the upperborder of the blue corridor. At small volumes, they were able to exit the blue downward channel and gain a foothold in narrow consolidation. Small buyers have not yet been able to test the resistance level of 23.6% Fibo (7026.60 USD).

However, tonight, the price of Bitcoin receivedsupport from the level of average prices, and now, it is quite possible that during the day the pair will be able to break through this resistance. The daily maximum is possible around the mark of 7200.00 USD, after which there is a high probability of a deep pullback.

ETH / USD

Yesterday, the level of 38.2% Fibo (135.17 USD) acted as a support for the price of ether. In the first half of the day, it was possible to establish a maximum in the region of 144.00 USD. In the afternoon, trading volumes fell below the average and the pair ETH / USD was located in a narrow lateral range.

Today, growth is possible in the region of the fifty-percent fibonacci level (151.94 USD).

XRP / USD

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

If today it is possible to increase the volume of purchases, then the price of XRP will be able to reach 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