May 15, 2021

Analysis of the prices of Bitcoin, Ethereum, XRP for 05/01/2021

Analysis of the prices of Bitcoin, Ethereum, XRP for 05/01/2021

Ethereum price continues to break records and is approaching a new all-time high at around 3000.00 USD.

BTC / USDAnalysis of the prices of Bitcoin, Ethereum, XRP for 05/01/2021

Yesterday morning, buyers managed to overcomeresistance of the two-hour EMA55 and gain a foothold in the area of ​​54300.00 USD. In the afternoon, they formed a strong bullish momentum that broke through the resistance of 56000.00 USD, and at night the BTC / USD pair tested 58000.00 USD.

Trading volumes fell below this morningaverage level, and at the moment the price of bitcoin has retraced slightly. If the pullback stops in the area of ​​57,000.00 USD, then the recovery will continue to the psychological level of 60,000.00 USD, and next week may rise to the zone of April highs.

ETH / USDAnalysis of the prices of Bitcoin, Ethereum, XRP for 05/01/2021

Yesterday, buyers were struggling all day with the resistance of the ascending channel's middle line. Sellers pushed the pair back to the average price area all the time, not allowing the ether price to renew the maximum.

Only tonight the bulls managed to break throughthe middle trend line and mark a new absolute maximum in the morning around the 2850.00 USD mark. If the pair is able to gain a foothold in the upper part of the blue channel, then by the end of this week the price will test its upper border.

Next week, the Ethereum price may reach an absolute maximum at the psychological level of 3000.00 USD.

XRP / USDAnalysis of the prices of Bitcoin, Ethereum, XRP for 05/01/2021

Yesterday morning, buyers managed to formstrong bullish momentum and break through the strong resistance at 1.50 USD. The XRP price tested the level of 1.600 USD, and in the afternoon it consolidated in this area in a narrow sideways corridor.

In case of activation of sellers, we expect that the level of 1.500 USD will be able to keep the pair from falling towards the POC line (1.385 USD). Until the end of the week, Ripple will try to gain a foothold above the 1.690 USD price tag.

* All prices are based on BitStamp data

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