March 28, 2024

Analysis of the prices of Bitcoin, Ethereum, XRP for 08/27/2021

Analysis of the prices of Bitcoin, Ethereum, XRP for 08/27/2021

The market continues to decline, updating weekly lows. By the end of the week there may be someprice recovery.

BTC / USDAnalysis of the prices of Bitcoin, Ethereum, XRP for 08/27/2021

Yesterday morning, the bears were able to push through the 61.8% fibo level (47745.68 USD) and set a weekly low around 46309.00 USD. 

Sales volumes decreased in the afternoonand the decline stopped. Even before the end of the day, buyers tried to slightly restore the price of Bitcoin, but the volume of purchases was below the average level, so until this morning the pair was unable to test the two-hour EMA55. 

If today during the day buyers are unable to overcome the level of average prices, then the next weekly minimum should be expected in the area of ​​45800.00 USD. 

ETH / USDAnalysis of the prices of Bitcoin, Ethereum, XRP for 08/27/2021

Yesterday morning, a powerful bearish impulse broke through the support level of 3200.00 USD and rolled back the price of Ethereum to a weekly low around 3055.00 USD. 

In the afternoon, pressure from the outsidebears weakened and buyers were able to restore the pair above the level of 3120.00 USD. It was not possible to continue growth without the support of a large buyer, so the pair remained in a sideways range with support around 3100.00 USD. 

If the bulls are able to increase their buying volumes, the price will recover above the two-hour EMA55. Otherwise, the decline will continue below the psychological level of 3000.00 USD. 

XRP / USDAnalysis of the prices of Bitcoin, Ethereum, XRP for 08/27/2021

Yesterday's pressure from sellers pulled the XRP/USD pair below the support of 1.100 USD. At the end of the day, the price marked a minimum at 1.051 USD. 

There was a feeble attempt by buyers tonightto restore the pair, but failed to gain a foothold above the 1.100 USD level. Most likely, in the near future we will have a re-test of the psychological mark of one dollar per coin.

 *All price values ​​are based on data from the BitStamp exchange

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