Analysis of prices for Bitcoin, Ethereum, XRP for 03/27/2021

Bitcoin price has recovered to the area of ​​average prices and may continue to rise to the resistance of 58000.00 USD.

BTC / USD

Yesterday, buyers tried to return the BTC price totwo-hour EMA55. It was not possible to form a powerful bullish impulse; the recovery took place on average volumes, but by the end of the day the pair was still able to overcome the moving average EMA55. 

At night, purchase volumes decreased, but buyers, on declining volumes, managed to mark a local maximum in the area of ​​55600.00 USD. 

If the pair manages to gain a foothold above the averageprices, then this weekend the recovery will continue to the area of ​​58000.00 USD. On small volumes, buyers may get stuck at the resistance level of 56800.00 USD and not reach the target level of 58 thousand dollars. 

ETH / USD

Yesterday in the first half of the day the price of ETH hesitated for a long timearound the 1620.00 USD mark, but towards the evening, buyers managed to continue the recovery of the pair, and at the end of the day they overcame the resistance of 1660.00 USD. 

Tonight the growth continued and the pair markedlocal maximum around 1720.00 USD. If buyers are able to continue the positive dynamics of the pair, then the price of ether may return to the wide blue corridor. 

If the lower boundary of the sideways range at 1735.00 USD reverses the pair, then we will hope for support from the two-hour EMA55. 

XRP / USD

Yesterday, buyers tried to maintain positiveXRP price dynamics, forming a weak bullish impulse. The pair set a daily high at 0.577 USD, but until the end of the day it was unable to continue recovering to the resistance of 0.600 USD. 

Now the price is in consolidation, around the 0.560 USD mark. If the bulls are able to increase volumes, then on Saturday the recovery will continue to the zone of the March maximum. 

It may happen that by the end of the week buyersbreak the resistance of 0.600 USD and renew the monthly high around the 0.630 USD mark. If the orange resistance level reverses the pair, then the price will roll back to the four-hour EMA55.

* All prices are based on BitStamp data

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