January 23, 2022

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

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

Yesterday buyers on the second attempt managed to overcome the resistance of the two-hour EMA55 and consolidate above the 50% fibo level (42447.61 USD).

Today we should observe the further movement of the pair. If the bulls can continue their recovery towards 44000.00 USD, then this week we can expect a re-test of the 46000.00 USD resistance.

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

Yesterday in the afternoon, the price of Ethereum broke through the resistance of the EMA55 moving average and, until this morning, fixed in a narrow consolidation around the 3235.00 USD mark.

If today the bulls continue to rise above the resistance of 3400.00 USD, then we can consider the possibility of further growth in 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 / USDBitcoin, Ethereum, XRP price analysis on 01/12/2022

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 the weak growth continued to the level of 0.777 USD.

If today the volumes of purchases increase 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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