Analysis of prices for Bitcoin, Ethereum, XRP for 04/05/2021

Over the weekend, the Bitcoin price failed to overcome the resistance of 60000.00 USD. If at the beginning of this week buyers are notwill be able to increase volumes, the decline will continue.

BTC / USD

Last Saturday, buyers tried to break above the resistance of 60000.00 USD, but the bears did not allow a breakthrough and pushed the pair below the two-hour EMA55. 

Bearish pressure intensified on Sunday nightand the price of Bitcoin set a local minimum around 56466.00 USD. Yesterday, the pair recovered all day to the key level of 58000.00 USD, but the purchase volumes were too small and buyers were unable to break above the two-hour EMA55. 

As of this morning, the price has rolled back below the level58000.00 USD. During the day there will be another attempt by buyers to restore the pair above the level of average prices; if it is not supported by large volumes, the decline will continue to the support of 55000.00 USD. 

ETH / USD

On Saturday, the bears tried to push back the priceEthereum is below 2000.00 USD. They managed to break through the support of this psychological level and set a local minimum at 1978.21 USD, but failed to continue the decline. At the end of the week, buyers restored the price to the resistance area of ​​2100.00 USD. 

At the beginning of this week, attempts to update the absolute maximum may be repeated, but if the bears push through the two-hour EMA55, the price will roll back to the support of 1860.00 USD. 

XRP / USD

On Saturday, buyers managed to installthe April high at 0.642 USD, after which the price fell to the orange support of 0.600 USD. However, it was possible to stop the bearish onslaught only at the level of the two-hour EMA55. 

By the end of the week, buyers returned the pair to the level0.600 USD, and tonight a powerful bullish impulse forced the price of XRP to overcome the zone of the April high and update it to the level of 0.700 USD. The price increase of more than 20% strengthened Ripple’s position in the CoinMarketCap ranking, raising it to seventh place in terms of capitalization.  

If trading on Ripple finally picks up, thengrowth may continue to the level of 0.750 USD. If volumes do not exceed the average level, then soon the pair will return to the area of ​​the moving average EMA55. 

* All prices are based on BitStamp data

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