Analysis of the prices of Bitcoin, Ethereum, XRP for 05/06/2021

Ethereum price growth slowed down, but the pair was able to update its absolute maximum. Will buyers be able to testtoday around 3600.00 USD?

BTC / USD

Yesterday in the first half of the day, buyers were able toincrease volumes and break through the resistance of the two-hour EMA55. After lunch, the recovery continued until the pair tested the blue resistance at 58000.00 USD. This level stopped the growth, purchase volumes decreased, and until this morning the price consolidated in a fairly narrow sideways range. 

If during the day trading volumes are below the average level, the pair will roll back to the area of ​​average prices. 

If buyers are able to form a bullish momentum again, then the BTC price will break through the resistance of 58,000.00 USD and reach the psychological level of 60,000.00 USD.

ETH / USD

Yesterday trading volumes were below average andthe ETH/USD pair consolidated above the support of 3200.00 USD. On small volumes, the price of ether recovered to the resistance of 3400.00 USD, but it was possible to continue growing only late in the evening. 

The bulls broke into the recent high andtonight they updated it around the level of 3560.00 USD. On the daily timeframe, the Stoch RSI indicator lines are in the overbought zone, but the ETH price continues to rise to new highs. 

Despite the fact that the dynamics of growth has slowed down significantly, the bulls can test the level of 3600.00 USD, after which there is a high probability of a rollback to the area of ​​average prices.

XRP / USD

Yesterday afternoon, buyers were able to overcome the purple resistance of 1.500 USD, and at the end of the day, the price of XRP broke through the orange level of 1.690 USD. 

Tonight the local maximum is set atpoint 1.764 USD, but before the morning the pair returned to the support of 1.690 USD and consolidated above it in a narrow consolidation. If the bulls increase their pressure, the price may test the level of 1.880 USD. 

* All prices are based on BitStamp data

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