Analysis of prices for Bitcoin, Ethereum, XRP for 07/22/2021

Yesterday the market came out of the oversold zone and now the pairs are holding above the average price area. Will they be able tobulls continue to rise?

BTC / USD

Yesterday morning, buyers formed a powerful bullishimpulse and broke through the psychological resistance of 30,000.00 USD. Trading volumes were more than twice the average level. As a result, in the second half of the day the price broke through the dotted line of the local downtrend and exited the downward channel. 

At the end of the day, the bulls were able to test the resistance of 32500.00 USD, and at night the pair consolidated above the orange trend line. 

On the daily time frame, Stoch indicator linesThe RSI has left the oversold zone and is currently in the neutral zone. This morning, purchase volumes have decreased and the price of Bitcoin cannot continue to rise yet. 

Perhaps in the near future the price will roll back toarea of ​​two-hour EMA55. If this moving average keeps the pair from a deep rollback, then the bulls will try to consolidate above the POC line (32974.10 USD). 

ETH / USD

Yesterday the price of Ethereum followed the cryptocurrencyflagship and broke through the upper border of the blue corridor 1860.00 USD. Further growth took place on medium volumes, and towards the end of the day the pair tested the psychological level of 2000.00 USD. 

Tonight the bulls tried to continue growing, but they have not yet been able to gain a foothold above the level of two thousand dollars per coin. During the day, a rollback to the area of ​​average prices is possible. 

If the moving average EMA55 stops the rollback, then we can hope for continued growth to the area of ​​2100.00 USD. 

XRP / USD

Yesterday, the bulls managed to break through the resistance at 0.533 USD and before the end of the day the pair managed to consolidate above the average price level. 

Tonight, trading volumes decreased and the recovery of the XRP price to the 0.600 USD mark stopped. 

If sellers push the price below the two-hour EMA55 level, then the Ripple price will return to the July low. 

* All prices are based on BitStamp data

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