Analysis of the prices of Bitcoin, Ethereum, XRP for 05/25/2021

Yesterday the market recovered to the area of ​​average prices. Will the bulls be able to continue their recovery?

BTC / USD

Yesterdaybuyers were able to overcome the purple resistance level of 36000.00 USD and consolidated above the 38.2% fib level (37150.24 USD). Late in the evening, the growth continued to the three-hour EMA55. 

This morning, the moving average limited further growth in the price of BTC, and in the first half of the day the pair will try to gain a foothold in the sideways range, using the support of 38.2% fibo (37150.24 USD). 

In case of a breakout above the average price level, the pair will continue to recover to the fifty percent fibonacci level (42447.96 USD). 

If the bears push back the price below 38.2% Fibo, then the lilac level of 36000.00 USD can act as support.

ETH / USD

Yesterday morning the bulls struggled against resistance for a long timethin purple downtrend line. At some point, they managed to break through the lower border of the downward channel and will recover to its upper border. 

Tonight the price tried to break out of the downward corridor, but the upper trend line kept the pair in the purple corridor. 

During the day, attempts to break above the resistance of 2800.00 USD will be repeated, but will the price of ether be able to maintain above the three-hour EMA55 – It's not clear yet.

XRP / USD

Yesterday, buyers tried to restore the XRP/USD pair. As a result, the price of Ripple tested the psychological level of 1.00 USD. 

Further growth is restrained by the red linedown trend. Today a rollback to the support of 0.860 USD is possible. If buyers hold this level, then we should expect a breakout above the downward trend line. 

* All prices are based on BitStamp data

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