Analysis of prices for Bitcoin, Ethereum, XRP for 08/25/2020

Yesterday the activity of market participants was not at a low level, but buyers were able to continue their weakrecovery dynamics.

BTC / USD

Yesterday, in the first half of the day, buyers were able to overcome the resistance of the two-hour EMA55, and during the day the price of Bitcoin tried to consolidate above the POC line (11740.62 USD). 

However, the growth was not supported by large volumes,and this morning the pair again returned below the average price level. If the trend with rising lows continues, then the recovery above the psychological level of 12000.00 USD will continue. 

If the bearish pressure from the moving average EMA55 intensifies, the price will roll back to the 50% fib (11394.15 USD). 

ETH / USD

Yesterday, the Ethereum price was able to overcome the two-hour EMA55 and consolidated above the psychological level of 400.00 USD. A small surge in volumes led to a daily high near 410.00 USD. 

However, this morning the pair returned to the levelaverage prices. If during the day the price remains above the POC line (395.33 USD), then the recovery will continue to the area of ​​​​a new weekly high of 420.00 USD. 

If sellers push the Point Of Control line (395.33 USD), then the pullback may reach the support of 360.00 USD. 

XRP / USD

Yesterday, the Ripple price tried to stay above the two-hour EMA55 level. The purchase volumes were not large, so during the day the pair was unable to test the POC line (0.294 USD). 

If buyers consolidate above the indicatorline Point Of Control (0.294 USD), then the recovery will continue to the resistance of 0.310 USD. Otherwise – sellers will return the price to support 0.280 USD. 

* All price values ​​are based on data from the BitStamp exchange