Analysis of prices for Bitcoin, Ethereum, XRP for 05/27/2021

The market is trying to gain a foothold in the area of ​​average prices, but small volumes of purchases do not yet allow it to formstrong bullish momentum.

BTC / USD

Yesterday morning, buyers tried to continue the recovery and gain a foothold above the three-hour EMA55, but they failed to significantly increase the volume of purchases and the growth stalled around 40,000.00 USD. 

In the afternoon, trading activity decreased and the price began to gradually roll back to the moving average EMA55. 

The decline continued overnight, and this morning the pairwill return to the 38.2% fib level (37150.24 USD). We expect support from this fibonacci level and believe that a re-test of the fifty percent fibo level (USD 42447.96) is still relevant. 

ETH / USD

Yesterday in the first half of the day, the price of Ethereum continued to recover, but the growth was not supported by large volumes and the pair was unable to test the level of 3000.00 USD. 

Now the price of ether is trying to gain a foothold above the three-hour EMA55, and if buyers manage to find support in the area of ​​average prices, they will restore the pair to the psychological mark of 3000.00 USD. 

XRP / USD

Yesterday in the first half of the day, buyers were able topierce the red downtrend line and exit the downward channel for a while, but failed to gain a foothold above the key level of 1.00 USD. 

At night, sellers rolled the pair back to the area around 0.930 USD, and this morning buyers are again preparing to break through the upper boundary of the downward corridor. 

If the next breakout attempt is not supported by large buyers, then the bulls will not cope with the red trend line and the XRP price will continue to pull back to the support of 0.860 USD.

* All prices are based on BitStamp data

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