Analysis of prices for Bitcoin, Ethereum, XRP for 02/22/2021

At the end of last week, the Bitcoin price renewed its absolute maximum above 58000.00 USD.

BTC / USD

INLast Saturday, after a short-term consolidation around 55600.00 USD, the price of Bitcoin continued to growto the area 58000.00 USD. 

Saturday's high was set at 57553.81 USD, and on Sunday night, sellers tested the support of 54000.00 USD.The bearish momentum turned out to be quite weak and the price quickly returned to the highs zone. 

Before the end of the week, the pair managed to test the level of 58000.00 USD, setting a record price value at 58354.14 USD. 

At the beginning of this week, there is a slight decline in the pair, which mayWe believe that the two-hour EMA55 can stop the pullbackand "inspire" buyers to another high in the area of 59000.00 USD. 

If the bears manage to push through the support of 54000.00 USD, then the pair will test the blue uptrend line around 52500.00 USD.

ETH / USD

On Saturday, the bearish impulse tested the support of 1800.00 USD, but by the end of the week the pair managed to gain a foothold above the average price level. 

At the beginning of this week, sellers are trying to push the pair below the two-hour moving average EMA55.This morning, there has been a surge in sales that is almost seven times the average trading volume.If the bears continue the onslaught, the price may again pull back to the support of 1800.00 USD. 

We believe that this week the pair will be able to stay in the upward channel, limited by the blue trend line.

XRP / USD

At the end of last week, buyers were unable to restore the price of XRP to the ascending channel and test the resistance of 0.600 USD.Last weekend, trading was held on low volumes and the pair tried to stay in the area of the four-hour EMA55.On the night from Saturday to Sunday, sellers punctured the psychological support of 0.500 USD and set a weekly low at 0.474 USD. 

Last week, the level of Ripple's capitalization did not allow the asset to rise above the fifth point of the CoinMarketCap rating.If the bears push the price below fifty cents at the beginning of this week, the pair will return to the sideways support of 0.450 USD. 

If buyers are able to keep the pair in the area of average prices today, then in the second half of the week, the price of XRP will recover above the resistance of 0.600 USD. 

* All prices are based on BitStamp data

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