Analysis of prices for Bitcoin, Ethereum, XRP for 28.05.2021

The market is consolidating in a sideways range, in the area of ​​average prices. Will the bulls be able to organize a breakout?

BTC / USD

Yesterday morning, the BTC price tested the 38.2% fibo level (37150.24 USD). This Fibonacci level provided support for the pair and until the evening the price recovered to the level of 40000.00 USD. 

Trading volumes were small and buyers had not yetmay organize a bullish breakout to the fifty percent fibonacci level (42447.96 USD). The pair settled on its side in the three-hour EMA55 area with resistance in the area of ​​40000.00 USD. 

With low activity, the consolidation in the sideways range will continue and gradually narrow towards the moving average EMA55.  

ETH / USD

The price of Ethereum yesterday was unable to continue its growth towards the resistance of 3000.00 USD. Low trading volumes keep the pair in sideways consolidation with support in the area of ​​the three-hour EMA55. 

If bearish pressure resumes, they will break through the average price level and push the price of ether to the POC line (2318.60 USD) by the end of the week.  

If the moving average withstands the bearish onslaught, then buyers will be able to organize a bullish breakout above the psychological level of 3000.00 USD. 

XRP / USD

Yesterday morning, the XRP price managed to gain a foothold above the red downward trend line. Due to small volumes of purchases, the bulls were unable to achieve growth and break through the resistance of the three-hour EMA55. 

This morning, the pair is beating in the siderange just below the psychological one dollar mark. If buyers form a bullish momentum, the pair may recover to the 1.115 USD resistance area by the end of the week.

* All prices are based on BitStamp data

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