March 5, 2021

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

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

AT last Saturday, after short-term consolidation around the 55600.00 USD mark, the Bitcoin price continued to rise to the 58000.00 USD area.

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

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

At the beginning of this week, there is somea decline in the pair, which can reach the level of average prices. We believe that the two-hour EMA55 can stop the pullback and "inspire" buyers to the next 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 / USDAnalysis of prices for Bitcoin, Ethereum, XRP for 02/22/2021

Last weekend, the ether price was unable to continue its growth. On Saturday, the bearish momentum 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 backa pair below the two-hour moving average EMA55. There is a surge in sales this morning, nearly seven times the average trading volume. If the bears continue the onslaught, the price may again roll 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 / USDAnalysis of prices for Bitcoin, Ethereum, XRP for 02/22/2021

At the end of last week, buyers were unable torestore the XRP price into an upward channel and test the resistance of 0.600 USD. Last weekend, trading was held at low volumes and the pair was trying to hold on to the four-hour EMA55. On the night from Saturday to Sunday, sellers pierced the psychological support of 0.500 USD and set a weekly low at 0.474 USD.

Last week, Ripple's capitalization level was notallowed the asset to rise above the fifth line of the CoinMarketCap rating. If at the beginning of this week the bears push back the price below fifty cents, then the pair will return to the sideways support of 0.450 USD.

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

* All prices are based on BitStamp data

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