March 29, 2024

Analysis of the prices of Bitcoin, Ethereum, XRP for 07/12/2021

Analysis of the prices of Bitcoin, Ethereum, XRP for 07/12/2021

The market is trying to gain a foothold above the average price level and continue recovery, but growth has not yet been sustainedlarge volumes.

BTC / USDAnalysis of the prices of Bitcoin, Ethereum, XRP for 07/12/2021

Last weekend the two-hour rollingthe average EMA55 kept the price of Bitcoin from falling, and buyers continued to find a weak spot at the lower border of the blue corridor. Tonight they managed to break through the resistance of 34000.00 USD, and before the morning the pair had already managed to gain a foothold in this sideways range. 

Trading volumes still remain below the daily average – this does not give the bulls the opportunity to overcome the upper limit of the corridor (35000.00 USD). 

If the recovery inside the corridor is supported by large volumes, then we can hope for a breakthrough to the resistance of 36000.00 USD. 

ETH / USDAnalysis of the prices of Bitcoin, Ethereum, XRP for 07/12/2021

Last weekend the price of Ethereumconsolidated near the POC line (2121.67 USD). Tonight, the buyer managed to form a weak bullish impulse and the pair tested the two-hour EMA55. 

Until this morning the couple was not yet ableto gain a foothold above the average price level, but if buyers increase their pressure, the price of ether will continue to recover to the area of ​​2200.00 USD. A breakthrough of resistance in the area of ​​2200.00 USD opens up prospects for recovery to the area of ​​2400.00 USD. 

If the weak efforts of the bulls are not crowned with success, then the probability of a rollback to the psychological mark of 2000.00 USD remains relevant. 

XRP / USDAnalysis of the prices of Bitcoin, Ethereum, XRP for 07/12/2021

At the end of last week, the bears failed to strengthenonslaught and the XRP price remained in sideways consolidation just below the two-hour EMA55. Tonight, buyers managed to gain a foothold above this moving average and in the morning attempts to continue growth to the level of 0.700 USD are visible. 

However, small trading volumes do not allowshow dynamic growth. The pair continues to stagnate in the area of ​​average prices. Recent prospects of renewing July lows at 0.560 USD remain relevant if bears resume pressure as they approach 0.700 USD resistance. 

* All prices are based on BitStamp data

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