Yesterday morning, purple support stabilized the bitcoin price sideways, and in the afternoon the pair recovered above the hourly EMA55.
BTC price continued its recovery tonight and tested the USD 24000.00 level. In the morning there was a slight rollback. We believe that it will be within the level of average prices, after which the bulls will try to resume the race, which was interrupted last week at the level of 24,298.00 USD.
ETH/USD
Yesterday, in the morning, the decline continued until the Ethereum price tested the POC indicator line, from which it rebounded into the EMA55 moving average area.
Now the pair is trying to gain a foothold in the area of average prices, but it has not been possible to continue the recovery, as the volumes of purchases are still too low.
If the hourly EMA55 keeps the pair in consolidation, then soon the recovery may resume in the zone of the annual high.
XRP/USD
Ripple price continues to show negative dynamics. The support at the level of 0.460 USD failed to stop the decline towards the December minimum zone. As a result, over the past day, the pair has renewed its monthly minimum at the point of 0.400 USD.
The pessimistic sentiments of market participants are most likely associated with the upcoming litigation between Ripple and the State Regulator SEC (Securities and Exchange Commission).
If today buyers cannot stop the decline, then in the near future the price of XRP may fall to the area of 0.347 USD - 0.350 USD.
- The given material for orientation objectives!
- I shall forgive for my English - I use the translator!)
I wish you successful trading!
