Bitcoin, Ethereum, XRP price analysis on 06/20/2020

The market still cannot gain a foothold above the average price level. Will the bulls be able to before the start of next week?correct the situation?

BTC / USD

Yesterday morning, after a short-term consolidationBTC/USD pair in the support area of ​​9300.00 USD, buyers tried to break through the resistance of the two-hour EMA55. The volumes of purchases were slightly above the average level, but this was not enough to gain a foothold above EMA55. 

Bitcoin price broke through moving resistanceaverage, but it was not possible to test the 38.2% fib level (9441.98 USD). In the second half of the day, trading volumes decreased and the pair again returned to the previous sideways range at the support level of 9300.00 USD.  

If trading volumes on the market remain todaybelow the average level, then consolidation in the area of ​​9300.00 USD will continue. There may be a slight decline in the price of BTC to the area around 9200.00 USD. However, we believe that before the beginning of next week, buyers will again try to gain a foothold above the average price level and test the resistance of 9800.00 USD. 

ETH / USD

Ethereum price showed a high level of correlationwith the cryptocurrency flagship and repeated yesterday its attempt to gain a foothold above the two-hour EMA55 level. But by the end of the day, the ETH/USD pair, as well as BTC/USD, rolled back to its previous level. 

If volumes remain low this weekend,then the price of ether will be in a sideways range under the moving average EMA55. On small volumes, a rollback to the support of 100% fib (222.98 USD) is also possible. 

If by the end of the week buyers are able to increase volumes, the pair will break through the resistance of 233.33 USD and try to test the POC line (243.37 USD). 

XRP / USD

Yesterday, the price of Ripple was unable to overcome the resistance of 0.190 USD and rolled back to the area of ​​0.187 USD. 

Over the weekend, the pullback may continue into the areaweekly low (0.182 USD), but in the near future we expect that the price will be able to consolidate above the two-hour EMA55 and recover to the psychological level of 0.200 USD at the beginning of next week. 

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