Bitcoin, Ethereum, XRP price analysis on 05/27/2020

The dynamic decline of the market has stopped, and the prices have moved flat to the current support levels.

BTC / USD

Yesterday, the buying volumes were still quite small, so buyers could only get to the level of 9000.00 USD, and they did not have enough strength to test the two-hour EMA55.In the area of average prices, the pair reversed and rolled back below the POC line (8858.55 USD).The decline stopped in the area of the weekly low. 

As a result, the downward trend was temporarily moved to a sideways corridor along the Point Of Control line.On low volumes, the consolidation range will narrow towards this line of the Volume Profile indicator. 

We believe that the exit from the consolidation will be inside of the continuation of the local down trend, to the psychological level of 8000.00 USD. However, given the ability of market makers to manipulate prices, false bullish breakouts are possible.

ETH / USD

Yesterday, on low volumes, buyers failed to continue the recovery of the Ethereum price.The pair rolled back below the support of 200.00 USD, having updated the weekly low at 196.60 USD. 

In the Asian session, the price recovered above the psychological level of 200.00 USD, and if buyers will be able tosupport the growth, the pair will test the two-hour moving average EMA55.As before, we believe that the decline maycontinue to the support of 78.6% Fib (192.57 USD). 

XRP / USD

Yesterday, the low activity of market participants contributed to the consolidation of the XRP/USD pair in a sideways range, at the Point Of Control line (0.194 USD). 

If the consolidation continues, the price may retest the upper border of the descending purple channel and retrace to the support area of 0.188 USD. 

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