Analysis of prices for Bitcoin, Ethereum, Ripple for 02/01/2021

Will buyers this week be able to continue the market's recovery dynamics?

BTC / USD

In the pastSaturday, the two-hour EMA55 paused the BTC price correction after a frenzied bullish surge. The pair was able to consolidate above the purple downward trend line. 

Sales volumes decreased and bearish pressure gradually weakened. However, yesterday sellers still managed to break through the trend line and test the level of 32200.00 USD. 

Currently the pair has recovered to the areaaverage prices, but this recovery was not supported by large volumes, and if buyers can overcome the moving average EMA55, then the growth will continue to the resistance of 36000.00 USD. 

If the volume of purchases fails to increase, then soon the pair will roll back below the support at 32600.00 USD, and the price of Bitcoin will return to the downward channel. 

ETH / USD

On Saturday, the price of ether remained above the level of average prices, and on Sunday, sellers managed to push through the two-hour EMA55 and test the support of the blue trend line. 

The pair is still in the ascending channel and if purchase volumes increase, the price will recover above the moving average EMA55. 

If buyers fail to overcome the level of average prices, then the bears will be able to break through the blue trend line and roll back the price to the support of 1250.00 USD.

XRP / USD

Ripple price broke through resistance over the weekendthe upper border of the side corridor of 0.310 USD and buyers formed a powerful bullish impulse, which forced them to test the psychological level of 0.500 USD. 

Today the bulls will try to break through the resistance atlevel of 50 cents and test the level of 0.600 USD. In this case, the asset will be able to regain its lost third position in the CoinMarketCap rating by capitalization level. 

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

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