Analysis of prices for Bitcoin, Ethereum, XRP for 11/05/2021

Yesterday the market rolled back to the nearest support levels. Will prices be able to resume growth today?

BTC / USD

Yesterday in the morning the price of BTC triedstay in consolidation in the area of ​​61500.00 USD, but in the evening sellers pushed through this level and late at night the pair rolled back to the moving average EMA55. 

Tonight there was somerecovery, but it is not supported by large volumes. If they manage to increase during the day, then the recovery may continue to the area around the 64000.00 USD mark. 

ETH / USD

Yesterday the Ethereum price consolidated sidewaysrange in the support area of ​​4500.00 USD. In the afternoon, buying volumes began to decline and the bears pushed the price of ether below this support level. 

At the end of the day, the pair marked a daily low in the area of ​​4422.00 USD. Over the past night, buyers tried to restore the price to the previous level, but the growth took place in small volumes. 

If today the pair remains above the level of 4500.00 USD, then our yesterday’s forecast for updating the absolute maximum will remain valid. 

XRP / USD

Yesterday morning the price of XRP was unable to continue its growthabove the resistance of 1.250 USD. During the day, the pair gradually declined until it reached support around 1.165 USD. In the evening, the decline slowed down, and the price was able to recover slightly. 

Currently the price has reached 1.195 USD. Today we expect the recovery dynamics to continue towards the November maximum. 

* All prices are based on BitStamp data

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