Jul 1, 2022

Analysis of prices for Bitcoin, Ethereum, Ripple for 12/26/2020

Analysis of prices for Bitcoin, Ethereum, Ripple for 12/26/2020

The bulls continued their rally tonight and renewed their all-time high around the USD 25,000.00 mark.

BTC / USDAnalysis of prices for Bitcoin, Ethereum, Ripple for 12/26/2020

Yesterday in the first half of the day, buyers stormed the resistance of 24000.00 USD. In the afternoon, we managed to form a bullish impulse, which broke through this resistance level and renewed the historical maximum.

By the end of the day, the price retraced slightly, but todaygrowth resumed at night, and the bulls continued their race, testing the level of 25000.00 USD. At the moment, the volume of purchases has decreased to an average level, but during the day the rally may continue to the area of ​​26000.00 USD.

If trading volumes continue to decrease, the price will roll back to the hourly EMA55, which can provide support and limit the pair's decline.

ETH / USDAnalysis of prices for Bitcoin, Ethereum, Ripple for 12/26/2020

Buyers increased their purchases yesterday morningto the middle level and tried to break through the upper border of the descending purple channel. During the day, the pair tested the level of 630.00 USD, but by the end of the day it returned to the area of ​​the four-hour EMA55.

Trying to recover to the zone tonightthe annual maximum was repeated, but with decreasing volumes, it is still impossible to achieve significant progress in the dynamics of growth. In the morning, a local maximum was recorded at around 636.00 USD.

If the volume of purchases can be increased, then the pair will update the annual maximum before the end of the week.

XRP / USDAnalysis of prices for Bitcoin, Ethereum, Ripple for 12/26/2020

Yesterday morning, XRP price triedcontinue the recovery, but the two-hour EMA55 limited the growth of the pair. The retest of this moving average triggered a powerful wave of selling, which pushed the price back towards the 0.280 USD support. After that, sales volumes decreased and the price stabilized slightly above the 0.310 USD level.

If bearish pressure dies down, then even with low market activity, the Ripple price will recover above the average price level and test the 0.400 USD mark.

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

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