Bitcoin, Ethereum, XRP price analysis on 05/29/2020

Yesterday, buyers were able to continue the market recovery. After a short pullback, growth to the area of ​​highsmay resume.

BTC / USD

Yesterday morning, buyers found support inarea of ​​9100.00 USD and repeated their attempt to break through the resistance at the 38.2% fibo level (9441.99 USD). This time the pair was able to gain a foothold above this Fibonacci level, and in the Asian session the growth continued and the weekly maximum was set at 9625.01 USD.  

As of this morning, the price has rolled back a little, but it looks like the price of Bitcoin will be able to stay above the 38.2% fib level (9441.99 USD) and continue to rise to the area of ​​monthly highs. 

If buyers slow down and reducepurchases, then the pair will be stuck in consolidation at the level of 9800.00 USD, and if the bulls continue to aggressively increase volumes, then a breakthrough of the psychological mark of 10000.00 USD is possible. 

Let us recall that the annual maximum was set at 13February around the 10500.00 USD mark. If the bullish momentum is strong enough, then a new annual high should be expected in the area of ​​10600.00 USD. 

ETH / USD

Yesterday morning, the two-hour EMA55 providedbuyers support and until the end of the day the price reached resistance at 216.00 USD. At the Asian session, the price of Ethereum overcame the area of ​​May highs and pierced the 100% Fibo level (222.98 USD), updating the monthly maximum to the level of 220.16 USD.

This morning a small pullback brought the price back lower100% Fibonacci level. However, if the price of Bitcoin continues to grow dynamically, then the price of ether will follow the lead of the cryptocurrency flagship. In this case, the next maximum can be expected in the area of ​​240.00 USD. 

XRP / USD

Yesterday, the upper boundary of the purple channel kept the Ripple price from returning to the downward corridor. Buyers continued to grow, but at the end of the day they were again stuck at the psychological level of 0.200 USD. 

At night this resistance was broken through andset a weekly high at 0.203 USD. Further growth is possible in the resistance area of ​​0.208 USD. A breakthrough of this level will open the opportunity to gain a foothold above 0.213 USD. 

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