Analysis of prices for Bitcoin, Ethereum, XRP for 09/04/2021

Bitcoin and Ethereum prices continued to rise, renewing recent highs. Ripple shows weak recoverydynamics and falls to the sixth line in terms of capitalization in the CoinMarketCap rating.

BTC / USD

Yesterday the bulls made an attempt to restore the priceBitcoin to its summer high. They managed to break above the three-month high, and in the afternoon the price of BTC updated the price record to 51050.00 USD. 

Towards the evening, the volume of purchases decreased, and the pair rolled back from the September high to the hourly EMA55, which is located below the psychological level of 50000.00 USD. 

Over the past night, buyers groped for support inarea of ​​average prices, and this morning have already managed to return the price to the area of ​​the summer maximum. This weekend we expect the continuation of the bull run and the retest of the target orange level of 53400.00 USD.

ETH / USD

Yesterday, buyers managed to form a bullishimpulse and break through resistance at 3850.00 USD. In the afternoon, the price tested the psychological level of 4000.00 USD, setting the September maximum at 4025.00 USD. 

Let us recall that in mid-May 2021, the price of ether rolled back below four thousand dollars, and only after three and a half months were the bulls able to return the pair to this psychological mark. 

Today buyers will try to gain a foothold higherorange resistance level and update the September high in the area of ​​4100.00 USD, but by the beginning of next week the pair will roll back to the area of ​​average prices, to the hourly EMA55. 

XRP / USD

Yesterday during the day the XRP price brokeresistance 1.300 USD and set a monthly high at 1.310 USD. At the end of the day, purchase volumes decreased, while the pair was unable to stay above the level of 1.300 USD. 

As of this morning, the overnight pullback has stopped around the 1.267 USD mark, but there is no high price rebound yet. The pair is consolidating in a narrow sideways range at 1.280 USD. 

If positive sentiments remain on the market, then until the end of the week the Ripple price will continue to rise to the area of ​​the August high, which was set at 1.350 USD.

* All prices are based on BitStamp data

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