Analysis of the prices of Bitcoin, Ethereum, XRP for 07/28/2021

Yesterday, buyers tried to restore the market after a rather deep pullback. If today the bulls succeedcontinue to grow, then the market will refresh its monthly highs.

BTC / USD

Yesterday morning, the level of average prices stopped the pair's decline and until this morning, buyers returned the price of Bitcoin to the July maximum zone. 

After re-testing resistance 40000.00 USD recovery has slowed down and the price is trying to consolidate in the weak support area of ​​39600.00 USD. If today the bulls manage to continue growing, then the price may test the fifty percent Fibonacci level (42447.96 USD). 

If buyers cannot stay above the psychological barrierforty thousand, then the pair will roll back to the lilac support of 36000.00 USD.

ETH / USD

Yesterday morning the bulls bought back the average price level andDuring the day they tried to restore the pair to their original place – to the monthly maximum zone. However, purchase volumes were below average and as of this morning the recovery has stalled at 2336.00 USD. 

Currently the price has rolled back from thisresistance and is trying to find support around the 2280.00 USD mark. If the bears push the pair below this level, then on small volumes the pair will decline to the area of ​​the two-hour EMA55. 

On the other hand, if buyers manage to increase volumes, despite the overbought market, the bulls will reach the July high zone at 2435.00 USD.

XRP / USD

Yesterday in the morning the price of XRPtested the two-hour EMA55 and was able to recover, holding above the POC line (0.624 USD). The purchase volumes were quite low and the bulls were unable to return the pair to the target level of 0.700 USD. 

Today buyers may try to break throughresistance 0.650 USD to update monthly high. However, if it is not possible to form a bullish impulse, the pair will continue to move sideways with support at the Point Of Control level. 

* All prices are based on BitStamp data

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