Analysis of prices of Bitcoin, Ethereum, Ripple for 03.02.2021

The price of Ethereum has reached an absolute maximum around 1550.00 USD, and the price of Bitcoin may return toresistance at 40000.00 USD.

BTC / USD

Yesterday the moving average EMA55 supported the price of BTCfrom a rollback to the POC line, and the pair’s recovery continued. By the end of the day, the price of Bitcoin tested the resistance of 36000.00 USD. This morning, buyers are trying to overcome this level. 

If purchase volumes can be increased, thenbuyers will be able to break through to the next milestone at around 37300.00 USD. Fixing the price above the level of 36000.00 USD will allow the bulls to return to the resistance zone of 40000.00 USD by the end of the week. 

ETH / USD

Yesterday, the price of Ethereum continued to rise, and by the end of the day, buyers broke through the psychological mark of 1500.00 USD. 

Tonight a historicthe maximum is around 1550.00 USD. Growth may continue in the morning. In this case, during the day the pair will reach a top in the area of ​​1600.00 dollars per coin. 

On the daily time frame, the Stoch RSI indicator is not yethas reached the overbought zone, so after a slight pullback the bullish run will continue, and before the end of this week the pair may test the level of 1700.00 USD. 

XRP / USD

The price of Ripple yesterday failed to overcome the resistance of 0.400 USD and spent the entire day in a narrow sideways range with support around the 0.350 USD mark. 

Will the bulls be able to continue pumping Ripple andreturn the pair above the psychological level of 0.500 USD? We have the necessary tool for this! But how long can the price stay above fifty cents? Now it is impossible to predict the answers to these questions for sure. 

If we discard the fundamental componentanalysis and judging by technical indicators, then in the second half of this week the price increase may continue to the area of ​​0.650 USD with a subsequent rollback to the support of 0.580 USD. 

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

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