Bitcoin, Ethereum, XRP price analysis on 01/12/2022

Yesterday the market recovered above the level of average prices. Can the bulls continue to rise?

BTC / USD

YesterdayAt the second attempt, buyers were able to overcome the resistance of the two-hour EMA55 and gain a foothold above the 50% Fib level (42447.61 USD). 

Today we should watch the further movement of the pair.continue to recover to 44000.00 USD, then this week we can expect a retestresistance 46000.00 USD. 

If the bears break through the level of average prices and do notallow the pair to gain a foothold above the 50% fibonacci level for a long time, then the fall of the market is not yet over and the decline will continue below the psychological level of 40000.00 USD.

ETH / USD

Yesterday afternoon, the price of Ethereum broke through the resistance of the EMA55 moving average and until this morning it consolidated in the area of 3235.00 USD. 

If today the bulls continue to rise above the resistance of 3400.00 USD, then the possibility of further growth to the area of 3800.00 USD. 

If the pair fails to overcome the green resistance level, then it is too early to talk about a reversal.

XRP / USD

Yesterday, the price of XRP recovered above the two-hour EMA55.At the end of the day, the pair consolidated above the level of average prices and tonight there is a weak increasecontinued to 0.777 USD. 

If today the volume of purchases increases and the growth continues above the resistance of 0.800 USD, then we can count on a recovery to the POC line (0.829 USD). 

* All prices are based on BitStamp data

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