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BTC, ETH, and XRP Price Analysis for June 29

source-logo  u.today 29 June 2021 14:18, UTC
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The cryptocurrency market keeps going up as all coins from the top 10 list are in the green zone.

Top coins by CoinMarketCap

BTC/USD

Over the past day, the Bitcoin (BTC) price has consolidated above the four-hour EMA55 in sideways consolidation. Buyers have already tested the resistance of $35,000 for strength several times, but failed to break through to the main lilac level at around $36,000.

<span class=BTC/USD chart by TradingView" src="https://cnews24.ru/uploads/27f/27f17e50fbaac71337818a8c830253af08c5d742.png" size="1775x840">

One believes that the moving average EMA55 might be able to keep the pair from a deep pullback and in the near future the recovery can continue to the $37,150 level.

Bitcoin is trading at $36,032 at press time.

ETH/USD

The Ethereum (ETH) price set yesterday's daily high at $2,145. Buyers tried to form another bullish impulse last night, but small volumes did not allow the pair to continue its recovery.

<span class=ETH/USD chart by TradingView" src="https://cnews24.ru/uploads/07d/07d047380de95818ac8f78560525c6d2b964f530.png" size="1772x838">

Now the price is stuck in a short-term consolidation with support of around $2,060.

One believes that consolidation in a sideways range may continue in the near future, but soon there is a chance to see a breakthrough to the Volume Profile indicator line ($2,330).

Ethereum is trading at $2,195 at press time.

XRP/USD

Yesterday XRP price managed to gain a foothold above the red downtrend line. Buyers pulled the pair out of the declining channel, but so far they cannot continue the recovery towards the orange level of $0.70. The four-hour EMA55 keeps the pair in sideways consolidation.

<span class=XRP/USD chart by TradingView" src="https://cnews24.ru/uploads/a62/a624735eb5dbb86a9d4ff8cddcb9878027f97f76.png" size="1775x841">

Currently, trading volumes are quite low, but if the bulls can increase the onslaught, they will break through the level of average prices and continue to rise above the $0.70 mark.

XRP is trading at $0.7181 at press time.

u.today