Analysis of the prices of Bitcoin, Ethereum, XRP for 08/12/2021

The price of XRP showed good growth yesterday and surpassed the psychological mark of one dollar per coin, and the dailythe volatility of Ethereum and Bitcoin has not yet exceeded three percent.

BTC / USD

Yesterday trading took place on average volumes and bullswere unable to move up significantly. In the process of consolidating the pair in the area of ​​the August maximum, buyers managed to update it to the level of 46787.60 USD. However, in the afternoon, volumes decreased and the price of BTC retreated below the key resistance of 46000.00 USD. 

Currently consolidating sidewaysdirection continues. When the price of BTC – you can count on support from the two-hour EMA55, and the 61.8% fib level (47745.68 USD) is still out of reach of the bulls. 

We believe that today buyers will be able to continue trying to test the 61.8% Fibonacci level and update the monthly high around the 48000.00 USD mark.

ETH / USD

Yesterday buyers failed to significantlyincrease volumes, so it has not yet been possible to get closer to the target level of 2400.00 USD. At the same time, during yesterday, the pair was able to update the monthly maximum in the area of ​​3280.00 USD, and late in the evening sellers rolled the pair below the level of 3200.00 USD. 

At the moment, the ether price has recovered tothe maximum zone, but the absence of large purchases restrains the growth dynamics. We still look forward to re-testing the resistance of USD 2400.00, but if sales start in the high zone, the pair may roll back to the psychological level of USD 3000.00.

XRP / USD

Yesterday, the price of XRP was able to continue to rise higherforecast level 0.910 USD. The growth slowed in the evening around the 0.970 USD mark, and at the end of the day a powerful bullish impulse broke through the strong resistance of 1.00 USD, marking the August high at 1.092 USD. 

Over the past night, the pair rolled back a little, but as of this morning the price managed to stay above the psychological mark of one dollar per coin. 

We believe that trading today will be calmer and price volatility will decrease, and the pair will consolidate in a sideways range around the 1.00 USD mark.

* All prices are based on BitStamp data

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