Analysis of the prices of Bitcoin, Ethereum, XRP for 07/30/2021

The price of Bitcoin failed to update its monthly high, and Ethereum today continued to rise above the level of 2450.00 USD. Whenexpect a rollback?

BTC / USD

Yesterday the bulls were unable to continue the price riseBitcoin to the fifty percent Fibonacci level. Trading took place on average volumes and the pair consolidated in a narrowing consolidation with support at the level of the hourly EMA55. 

The short-term sideways movement did not relieve the overbought market. On the daily time frame, the Stoch RSI indicator lines are still off scale at around 100. 

A push to the 50% fib (42447.96 USD) is still possible, but a rollback below the moving average EMA55 is a signal for a fairly deep decline to the support area of ​​36000.00 USD. 

ETH / USD

Yesterday the pair consolidated sideways around the 2300.00 USD mark. Sales volumes were small and sellers were unable to break through the support of the hourly EMA55. 

Tonight, buyers slightly increased their volumes, and the price recovered to the monthly high area, updating it slightly above the level of 2450.00 USD. 

On the daily chart, Stoch RSI indicator linesThey have been in the overbought zone for about a week now. This market is expected to decline in the near future. We believe that after a retest of the level of 2500.00 USD, a rollback to the area of ​​2000.00 USD will begin. 

XRP / USD

Yesterday, the bears were unable to push through the level of 0.700 USD, and the pair was in a narrow sideways pattern. Tonight, buyers formed a bullish impulse and updated the July high at 0.767 USD. 

In the morning the price rolled back a little. Further growth is only possible with the support of a major buyer. In this case, the XRP price may test the resistance of 0.800 USD. 

When bears become active in the maximum zone – the fall will be quite rapid and will reach the two-hour EMA55 (0.680 USD). 

* All prices are based on BitStamp data

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