Analysis of prices for Bitcoin, Ethereum, XRP for 08/28/2021

The market has recovered above the average price area, and at the end of the week the pairs may return to the areaAugust highs.

BTC / USD

During the day yesterday, buyers triedrestore the price of Bitcoin, and in the evening they were able to overcome the two-hour EMA55. Until the end of the day, the pair consolidated above the average price level, and at night the growth continued to the level of 49325.00 USD. 

This morning the price may roll back slightly to the area of ​​48600.00 USD, and at the end of the week the bulls will again be faced with the task of overcoming the psychological barrier of 50 thousand dollars. 

ETH / USD

Yesterday, the bulls were able to increase volumes, and the price of Ethereum recovered above the two-hour EMA55. The bullish impulse broke through the resistance of 3200.00 USD, setting an overnight maximum at 3280.00 USD. 

This morning the volume of purchases has decreased, and the couplepulls back from the overnight high zone. We believe that at the level of 3200.00 USD the pullback will slow down, and by the end of this week the bulls will try to resume recovery to the area of ​​the monthly high, to the target level of 3400.00 USD. 

XRP / USD

Yesterday morning, buyers continued to trykeep the pair above the level of 1.100 USD. During the day, they managed to form a fairly strong bullish impulse, which pierced the two-hour EMA55, and at night the recovery continued above the average price level. 

In the morning the bulls hit resistance 1.200 USD and the price rolled back a little. A pullback could return the pair to the EMA55 moving average, and if it stops the decline, then this weekend we can expect a recovery towards the August high. 

* All prices are based on BitStamp data

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