March 28, 2024

Analysis of the prices of Bitcoin, Ethereum, XRP for 05/10/2021

Analysis of the prices of Bitcoin, Ethereum, XRP for 05/10/2021

Despite the overbought market, the bulls continued their race, and the price of Ethereum broke through the 4000.00 USD mark, establishingthe maximum is at 4117.00 USD.

BTC / USDAnalysis of the prices of Bitcoin, Ethereum, XRP for 05/10/2021

Last Saturday the bulls overcame resistance58000.00 USD, and all yesterday the price tried to stay above the blue level. However, sellers managed to briefly push the pair below the two-hour EMA55. In the area of ​​average prices, the pair stabilized and over the past night recovered to its previous level. 

Growth took place at small volumes, so until the morningbuyers have not yet had time to test the target level of 60,000.00 USD. If the volume increases today, buyers will overcome the psychological mark of 60,000.00 USD and at the beginning of the week will try to gain a foothold in the area of ​​61,000.00 USD.

ETH / USDAnalysis of the prices of Bitcoin, Ethereum, XRP for 05/10/2021

At the end of last week, the bulls increased their pressure andcontinued their run to new absolute highs. On Saturday, the price set a record around 3900.00 USD, and this morning it passed the 4000.00 USD mark and reached a maximum of 4117.00 USD. 

Growth is not over yet and is expected throughout the day.updating the maximum to the level of 4200.00 USD. If the pullback turns out to be small enough and the pair remains above the level of 3800.00 USD, then in the near future the run will continue to the level of 4300.00 USD.  

XRP / USDAnalysis of the prices of Bitcoin, Ethereum, XRP for 05/10/2021

On Saturday, the XRP price consolidated in the areatwo-hour EMA55, and on Sunday the bears pressed the pair to the 1,500 USD mark. Sellers broke through this support level, but over the past night, buyers were able to quickly return the pair to the POC line ($1.587). 

If the Volume Profile indicator line provides support for the pair, then the recovery will continue to the orange resistance of 1.690 USD. 

* All prices are based on BitStamp data

Subscribe to ForkNews on Telegram