Analysis of the prices of Bitcoin, Ethereum, XRP for 05/22/2021

Yesterday, the pairs were unable to stay in the area of ​​average prices and returned to the zone of weekly lows. What to expect atweekend?

BTC / USD

Yesterday in the first half of the day, buyers tried to break above the two-hour EMA55, but failed to form a bullish impulse. 

In the evening, sales volumes increased and the price of Bitcoinrolled back to the support of 38.2% fibo (37150.24 USD). Until the end of the day, the pair remained in a narrow consolidation at this level, but late at night the bears were able to push the price below 34000.00 USD, setting a local minimum at 33520.00 USD. 

Until the morning, the pair rebounded to the support of the 38.2% fibonacci level (37150.24 USD), and if trading volumes are low over the weekend, the BTC price will continue to consolidate near this fibonacci level. 

If by the end of the week the bears increase their pressure, the pair will roll back to the area of ​​the psychological mark of 30000.00 USD. 

ETH / USD

Yesterday the purchase volumes were small, and furtherthe pair's recovery was limited by the purple downtrend line. During the day, the Ethereum price rolled back to the area of ​​2400.00 USD, and at night sellers tested the support of 2200.00 USD. 

Despite the rebound, the price of ether remains in a downward channel, and by the end of the week the pair will return to the psychological level of 2000.00 USD. 

XRP / USD

Yesterday, bearish momentum brought the XRP price back to psychological levelsone dollar per coin. Until the end of the day, the pair remained around this level, but tonight sellers updated the monthly low at 0.869 USD. 

In the morning the price rebounded from the minimum zone tokey level 1.00 USD. At the moment, despite the rather small sales volumes, the consequences of bearish pressure do not allow the pair to gain a foothold above this psychological level. 

If the market remains passive until the end of the week, then the Ripple price will try to maintain sideways consolidation around the markone dollar.    

* All prices are based on BitStamp data

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