Analysis of prices for Bitcoin, Ethereum, XRP for 06/25/2021

Bitcoin price has recovered to the mid-range. Will buyers be able to continue their growth by the end of the week?

BTC / USD

Yesterday trading volumes were slightly less than averagelevel, while weak support at 32500.00 USD was able to discourage the price of Bitcoin from recovering. By the end of the day, the pair reached the four-hour EMA55 and remained in a very narrow sideways corridor until this morning. 

Small volumes of purchases do not yet allow the price to test the purple resistance of 36000.00 USD, but if today buyers manage to increase volumes, then a re-test of this level is possible. 

In the second half of the day, a pullback is expected, the depth of which will determine the further recovery of the pair to the 38.2% fib level (37150.24 USD). 

ETH / USD

Yesterday morning, the pressure from the bears decreased and sellers failed to test the blue support at 1860.00 USD. 

Buyers, in small volumes, were able torestore the price of ether above the psychological level of 2000.00 USD, and this morning they will try to continue the recovery in the area of ​​​​the four-hour EMA55. 

Small trading volumes will not allow the price of ETHovercome the moving average EMA55, but if the pair manages to gain a foothold in the area of ​​average prices, then by the end of the week the recovery may continue to the level of 2300.00 USD.

XRP / USD

Yesterday, at medium volumes, buyers were able to continue to restore the XRP price to the level of 0.700 USD. Before the end of the day, the maximum is set at 0.693 USD. 

There was a shallow rollback at night, but this morningattempts to test the orange level of 0.700 USD are being traced. A break above this mark will allow the Ripple price to recover to the 0.800 USD mark by the end of the week.

* All prices are based on BitStamp data

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