Bitcoin, Ethereum, XRP price analysis on 05/05/2020

Will buyers be able to return to the April high zone today?

BTC / USD

Bitcoin price yesterday morningconsolidated at the two-hour EMA55 level.Trading volumes were low and there was no strong selling pressure. The pair sank slightly below the average price level for some time, but then was able to recover above the moving average EMA55. 

There are no aggressive purchases on the part of buyersit happened and the couple could not overcome the barrier of nine thousand. If today buyers are able to break through the resistance of 9200.00 USD, then a re-test of the April high zone in the 38.2% fib area (9441.99 USD) is possible. 

If the volume of purchases is low, then it will again not be possible to overcome the level of 9200.00 USD, but the green dotted trend line can save the price of Bitcoin from a deep drawdown to the area of ​​8400.00 USD. 

ETH / USD

Yesterday, sellers pushed the price of Ethereum lowerpsychological level of 200.00 USD, but they did not have enough strength to test the support of 78.6% fib (192.57 USD). By the end of the day, buyers restored the price of ether to the previous level and gained a foothold in the area of ​​the hourly EMA55. 

If today buyers manage to continue the recovery, they will test the 100% Fibonacci level (222.98 USD). 

If the bulls fail to return to the green ascending channel, then the pair may hang in sideways consolidation at the level of average prices. 

XRP / USD

Yesterday morning, on declining volumes, a declineXRP prices continued to the level of 0.200 USD, but the green dotted support stopped the decline of the pair and turned the price to recovery at the point of 0.207 USD. By the end of the day, the pair was able to recover above the two-hour EMA55 and consolidate above it in a narrow consolidation. 

Today, the recovery may continue to the area of ​​0.227 USD, but if this resistance zone is not overcome, the pair will return to the support of 0.213 USD.  

  

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