Analysis of prices for Bitcoin, Ethereum, Ripple for 01/28/2021

Will the support at 30,000.00 USD be able to limit the Bitcoin price correction or will the bears continue to decline?

BTC / USD

Yesterday the bears maintained control in the market andgradually reduced the price of BTC. In the afternoon they managed to break through the psychological support of 30000.00 USD, but by the end of the day the pair was able to recover and is now holding above this level. 

Today buyers will try to continue the recovery to the area of ​​average prices. If they break the resistance of the two-hour EMA55, the price will test the purple descending trend line. 

ETH / USD

Yesterday, sellers pushed through the support of 1250.00 USD and tested the blue ascending trend line. This trend line limited the pair's decline, marking the lower border of the sideways trend. 

If today buyers break through the resistance of the moving average EMA55, then the pair may leave the side range and test the resistance of 1400.00 USD.

XRP / USD

Yesterday, the XRP price broke through the support of 0.260 USD and came very close to the level of 0.240 USD. 

Today the pair may recover to yesterday'ssupport level 0.260 USD. If buyers overcome this level, the price will be able to consolidate within the sideways range of $0.280 – $0.310. 

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

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