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At the end of last week, none of the three pairs managed to gain a foothold above the average price level. Today, attempts to hold above the two-hour EMA55 will be repeated.
BTC/USD
Over the past weekend, buyers tried to restore the bitcoin price above the 2-hour EMA55 level. On Saturday evening, the pair tested the moving average EMA55 and tried to hold above it for a long time, but the movement took place in a narrow sideways right at the level of average prices.
On Sunday evening, buyers were able to overcome the psychological barrier of 50,000.00 USD, but the price could not hold in the area of the local maximum of 50800.00 USD. As of this morning, the bears have returned the price below the 2-hour EMA55.
Today the bulls may try to repeat the breakout of the average price level in order to gain a foothold in the resistance area of 53400.00 USD.
ETH / USD
Over the weekend, the Ethereum price held in sideways consolidation with support at the psychological level of 4000.00 USD. On Sunday evening, buyers made a weak attempt to break above the average price level, but failed to gain a foothold above the 4100.00 USD mark. By the beginning of this week, the price has again rolled back to the orange support area of 4000.00 USD.
Today the breakout could be repeated, and if buyers overcome the resistance of the 2-hour EMA55, then the ether price could test the resistance of 4300.00 USD.
XRP/USD
At the end of last week, the XRP price failed to gain a foothold above the two-hour EMA55 level. At the weekend, the local maximum was set around the 0.857 USD mark, but currently the pair is still below the average price level.
If the next attempt by the bulls is more successful, and the Ripple price holds above the EMA55, then the growth will continue to the resistance area of 0.960 USD.
* All prices are based on BitStamp data
#Analysis #prices #Bitcoin #Ethereum #XRP
