Analysis of prices for Bitcoin, Ethereum, Ripple for 01/27/2021

Price volatility in the market over the past 24 hours was quite low, and cryptocurrency pairsconsolidated in a sideways range, in the area of ​​average prices.

BTC / USD

Yesterday Bitcoin price consolidated in the areasupport 32600.00 USD. Weak attempts by buyers to restore the pair above the two-hour EMA55 were unsuccessful. The moving average in the afternoon limited the possible price recovery towards the purple downtrend line.

Today buyers will continue to trytest the resistance of the trend line, but the bears will be able to maintain control over the market and smoothly push the price towards the psychological support of 30000.00 USD. 

ETH / USD

Yesterday two-hour moving average EMA55 tomid-day kept the ETH/USD pair from a deeper decline, but in the afternoon the bears managed to push through the average price level and test the support of 1250.00 USD. 

Before the end of the day, the price of ether was able to recover to its previous level and this morning the sluggish consolidation in the area of ​​average prices will continue. 

If the bears push through the support at 1250.00 USD, then the pair will test the blue ascending trend line, around the 1200.00 USD mark. 

XRP / USD

Yesterday, the XRP price tested support at 0.260 USD. During the day, trading volumes remained below average and the pair's volatility decreased further. 

Currently, the amplitude of sideways fluctuations is sandwiched between the support of 0.260 USD and the two-hour EMA55. If sellers are able to form a bearish impulse, the price will test the level of 0.240 USD. 

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

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