Bitcoin, Ethereum, XRP price analysis on 05/30/2020

Yesterday, the market failed to continue the recovery and rolled back from the area of local highs.From which levelsCan buyers resume growth?

BTC / USD

Yesterday, the price of Bitcoin failed to continue rising.Trading volumes were slightly below the average level, and the price pulled back from theweekly high, gaining a foothold in a narrow sideways corridor. 

Buyers have been trying to break through the upper border of the sideways range, which is38.2% Fib level (9441.99 USD).However, all attempts have been unsuccessful until this morning. 

A pullback of the two-hour moving average EMA55 is possible today.If they find support in the area of average prices, they will try to gain a foothold above the 38.2% Fibonacci level. 

If the bears push through the support in the area of 9300.00 USD, then by the end of the week the pair mayreturn to the POC line (8858.55 USD). 

ETH / USD

Yesterday morning, after the weekly high rolled back to the area of 220.00 USD, buyers tried to continue the recovery several times, but the growth was weakwas not supported by volumes and the price could not overcome the resistance of the 100% Fibonacci level (222.98 USD). 

If further attempts to break through the 100% Fib level (222.98 USD) fail today, then the Ethereum price mayto the area of the two-hour EMA55.A more reliable support for the pair can beget in the area of the POC line (208.18 USD). 

XRP / USD

The price of Ripple rolled back to the two-hour EMA55 yesterday and tried to stay in a narrow consolidation at the level of average prices until this morning.If buyers manage to continue their recovery from this level, they will overcomepsychological mark of 0.200 USD and test the resistance at 0.208 USD. 

If sellers push the price to the POC line (0.194 USD), then by the end of the week, the price of XRP mayReturn to the descending purple corridor. 

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