Analysis of prices for Bitcoin, Ethereum, XRP for 03/24/2021

The BTC price rollback has stalled, but can the pair recover above the average price level today?

BTC / USD

Yesterday morning support was 53400.00 USD withstood the onslaught of bears. Sellers pierced this level, but the price was able to recover to the area around the 55800.00 USD mark. In the afternoon, trading volumes began to decline, and the BTC price returned to the support of 53400.00 USD. 

Our yesterday's forecast for a decline in the area of ​​51600.00 USD is still relevant, but if buyers manage to break above the two-hour EMA55, then bulls will resume attempts to return the pair above the green uptrend line.

ETH / USD

Yesterday the level of 1660.00 USD restrained selling pressure. The price of ether has broken through this level several times, but remains above it for now. 

If today buyers are unable to return the pair within the wide two-week corridor, then the decline will reach 1600.00 USD.

XRP / USD

Yesterday, Ripple trading volumes fell belowaverage level and the volatility of the pair has decreased. At the end of the day, the XRP price rolled back to around 0.541 USD, and tonight the decline stopped at 0.536 USD. 

On smaller time frames, you can see buyers’ attempts to restore the pair, but the volume of purchases is still quite modest and does not allow the price to return to the weekly high area. 

If purchase volumes manage to increase, the pair will again be able to test the resistance of 0.600 USD. 

* All prices are based on BitStamp data

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