March 29, 2024

Analysis of the prices of Bitcoin, Ethereum, XRP for 09/10/2021

Analysis of the prices of Bitcoin, Ethereum, XRP for 09/10/2021

The market decline has stopped. The cryptocurrency flagship is trying to return to the mid-price area.

BTC / USDAnalysis of the prices of Bitcoin, Ethereum, XRP for 09/10/2021

Yesterday in the morning the price of Bitcoinwas in sideways consolidation with support at the level of 46000.00 USD. During the day, buyers attempted to test the 61.8% fib level (47745.68 USD), but before the end of the day the pair was unable to recover to the area of ​​the two-hour EMA55. 

Today, attempts to return to the area of ​​average priceswill repeat. If the bulls can hold above the 61.8% fibonacci level, then a recovery to the psychological level of 50000.00 USD is possible by the end of the week. 

ETH / USDAnalysis of the prices of Bitcoin, Ethereum, XRP for 09/10/2021

Yesterday the price of Ethereum tried to stay sidewaysrange with support at 3400.00 USD. During the day, trading volumes were small, but market participants tried to expand the boundaries of the sideways range. 

As a result, sellers were unable to break through the powerful support of 3400.00 USD, and buyers were unable to test the two-hour EMA55. 

We believe that today the bulls will restore the pair to the area of ​​average prices, and by the end of this week they will be able to overcome the resistance of 3600.00 USD. 

XRP / USDAnalysis of the prices of Bitcoin, Ethereum, XRP for 09/10/2021

Yesterday, the bears were unable to increase their pressure and the XRP price continued to consolidate in a sideways range near the POC line. 

Some random bullish momentum tonightbroke through the two-hour EMA55 and set a local maximum at 1.244 USD. Most likely, in the morning the pair will return to the area of ​​average prices and try to stay above the Point Of Control line. 

If sellers are unable to resume their bearish onslaught by the end of the week, then the price of Ripple will recover to the resistance area of ​​1,300 USD.  

* All prices are based on BitStamp data

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