Bitcoin, Ethereum, XRP price analysis for 05/08/2021

Yesterday, the Ethereum price failed to update its absolute maximum. Will the ETH/USD pair be able to test before the end of the week?the level of 3700.00 USD?

BTC / USD

Yesterday morning, bears pushed the BTC price lowertwo-hour EMA55 and came close to the POC line ($54980), but in the second half of the day buyers were able to restore the pair to the resistance of 58000.00 USD. The price once again broke through the blue resistance level, but was unable to gain a foothold above it until the end of the day. 

Shoppers are trying to break through again this morningabove the resistance of 58000.00 USD. This time, the bulls can reach the target level of 60,000.00 USD and will try to keep the price around the 61,000.00 USD mark until the end of the week.

ETH / USD

Yesterday morning, sellers pulled back the ETH/USD pair toarea of average prices, but the bears were not able to test the two-hour EMA55. During the day, the price recovered to the absolute maximum zone, but by the end of the day the bulls did not have time to update its value. 

They will try again this morninga bull run and a new price record can be expected around the 3700.00 USD mark. Until the end of the week, pressure from the bears may increase and the pair will roll back below the moving average EMA55. 

XRP / USD

Yesterday in the first half of the day the bears triedbroke through the strong support of 1.500 USD, but the pair rebounded above the two-hour EMA55 and buyers managed to carry out another attack on the resistance of 1.690 USD. During the day, the XRP price failed to break through the orange resistance level and consolidated in the area of the moving average EMA55. 

If the bulls take advantage of weak support in the area of average prices, then by the end of the week they can overcome the orange resistance of 1.690 USD and test the level of 1.800 USD. 

If the bears push the price below 1.500 USD, then by the beginning of the next week the pair will roll back to the yellow support of 1.315 USD. 

* All prices are based on BitStamp data

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