Analysis of prices BTC, ETH, XRP (30.07.20)

BTC/USD

Yesterday, after a brief consolidation in the region 11000.00 USD, the buyers made another attempt to overcome the resistance 50% Fibo (11394.15 USD).

Purchases are only slightly higher than the average level of trading, and the bulls were unable to test the fifty percent Fibonacci level. At the end of the day, the volume started to decline, and over night the price of bitcoin is back eleven thousand dollars.

On the daily time frame indicator line RSI Stoch is still overbought and suggests that soon will roll back to the nearest strong support level. We believe that before the pullback, the market-makers can cause a false bullish breakout in the area of 12000.00 USD, and the depth of the first wave of the pullback may reach the support 10500.00 USD.

ETH/USD

Yesterday, the buyers failed to overcome the resistance 330.00 USD, and update the annual maximum. During the day, trading volume dropped below average and the pair consolidated around 320.00 USD.

During the night price slipped, but managed to hold above a two-hour EMA55.

Today is possible to attempt to target a bullish level of 360.00 USD, but if the pressure by the bears will increase, the price will return towards the psychological mark of USD 300.00.

XRP/USD

Yesterday the price of XRP could continue growth and to update monthly maximum of around 0.250 USD. It should be noted that Ripple won its rightful third place in terms of capitalization in the rating CoinMarketCap, pushing recently won third place in stabilin Tether.

Last night the pair XRP/USD returned from the zone of maximum in the area of 0.240 USD. If today bulls will not be able to take any active steps to re-test target level of 0.280 USD, the price can slowly roll back to the support 0.230 USD.

* All prices shown are based on data exchange BitStamp



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