Analysis of the prices of Bitcoin, Ethereum, XRP for 03/23/2021

The bears stepped up the onslaught and halted the recovery of the Bitcoin price to the highs.

BTC / USD

Last nightsellers broke the support of the ascending green trend line. Late at night, bearish pressure intensified and the pair marked a local minimum at 53715.00 USD. 

This morning the price rebounded to the areamark 55000.00 USD, but it seems that the decline is not over yet. During the day, the Bitcoin price may continue to fall below the support of 53400.00 USD to the area of ​​51600.00 USD. 

ETH / USD

Yesterday, the price of Ethereum consolidated for a long time inarea of ​​the POC line (1800.89 USD). Late in the evening, the bears broke through the lower boundary of the two-week sideways corridor and tested the support of 1680.00 USD. 

Overnight, the price rebounded, but buyers were unable to return the pair to the wide sideways range. If the bears increase their pressure, the price will reach support at 1600.00 USD. 

XRP / USD

At the end of last week, the price of XRP consolidated higherpsychological mark of 0.500 USD, and yesterday the pair continued to grow to the area of ​​0.600 USD. After a long lull in the Ripple market, there is now some revival in trading and a surge in the volatility of the pair. 

Buyers yesterday were unable to break through resistance 0.600 USD, and their attempt was unsuccessful tonight. It is quite possible that in the near future the price of XRP will roll back to the four-hour EMA55, which is currently around 50 cents per coin. 

* All prices are based on BitStamp data

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