March 29, 2024

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 powerful bullish impulse 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 pulled back a little. If the pullback stops in the area of ​​57000.00 USD, then the recovery will continue to the psychological level of 60000.00 USD, and next week an increase to the zone of April highs is possible. 

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

Yesterday, buyers spent the whole day struggling with the resistance of the middle line of the ascending channel. Sellers constantly pushed the pair into the area of ​​average prices, not allowing the price of ether to update its maximum.  

Only tonight the bulls managed to break throughthe middle trend line and in the morning mark a new absolute maximum in the area of ​​2850.00 USD. If the pair manages to gain a foothold in the upper part of the blue corridor, 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 impulse and break through the strong resistance level 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. 

If sellers become more active, we expectthat the level of 1.500 USD will be able to keep the pair from declining to the POC line (1.385 USD). By the end of the week, Ripple will try to gain a foothold above the price tag of 1.690 USD. 

* All prices are based on BitStamp data

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