Analysis of the prices of Bitcoin, Ethereum, XRP for 07/09/2021

Yesterday the market continued its decline and set weekly lows. By the end of this week, lows mayupdate.

BTC / USD

Yesterday morning the bears intensified their pressure and the priceBitcoin rolled back to support at 32500.00 USD. During the day, sellers tried several times to break through this weak support. The daily minimum was set around 32100.00 USD, but it has not yet been possible to continue the decline. 

Support 32500.00 USD has stopped falling and the pair is consolidating in a narrow sideways range. If today buyers are unable to seize the initiative and form a false bullish impulse into the resistance area at around 36 thousand dollars, then by the end of the week the pair will roll back to the 23.6% fib level (30595.44 USD). 

ETH / USD

Yesterday in the first half of the day, pressure from sellers began to intensify and as a result, the price of Ethereum rolled back to the POC line (2111.90 USD). 

Bears set July lows tonightat 2050.00 USD, but in the morning the price bounced above the Point Of Control indicator line (2111.90 USD). If buyers are unable to increase volumes and continue the recovery, then before the end of the current week the pair will roll back below the psychological level of 2000.00 USD.

XRP / USD

Yesterday, the XRP price continued to decline and endedday reached support 0.600 USD. Tonight the bears pierced this support, marking a minimum at 0.592 USD, but in the morning the price rebounded to the area of ​​0.620 USD. 

During the day, buyers will try to continuerecovery, but if volumes are low, then it will not be possible to return to the average price area. There is a high probability of a continuation of the rollback and a renewal of the July low in the area of ​​$0.560 – $0.550

* All prices are based on BitStamp data

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