BTC, ETH, XRP Price Analysis for 08/04

Even though most of the cryptocurrencies are not going up, they remain trading in the green zone. The top gainer is Chainlink (LINK), whose rate has skyrocketed by 14.60% over the past day.

The key statistics for Bitcoin (BTC), Ethereum (ETH) and XRP today:

BTC/USD

Bitcoin's (BTC) price traded in the medium range yesterday. In the afternoon, there was a weak attempt by buyers to gain a foothold above the 50% Fibo level ($11,394), but before the end of the day the pair returned to the two-hour EMA55.

Today, one can expect repeated attempts to break through the 50 percent Fibonacci level. If successful, a retest of the $12,300 level is possible. If the bears push below $11,000, then the price will roll back to the support of $10,500.

Bitcoin is trading at $11,310 at press time.

ETH/USD

Buyers continued the Ethereum (ETH) price recovery yesterday. They managed to test the level of $400, but so far they have not been able to gain a foothold above this psychological level.

An attempt to overcome this milestone will be repeated today. If it is supported by large volumes, the renewal of the annual maximum should be expected at around $420. Otherwise, the pair will roll back to the support area of the two-hour EMA55.

Ethereum is trading at $392.99 at press time.

XRP/USD

Yesterday the XRP price broke through the psychological level of $0.30, but at medium volumes, buyers could not break above the resistance of $0.32.

If the volume of purchases manages to increase today, a retest of the annual maximum zone, which was recorded in mid-February in the area of $0.347, is possible. If it is not possible to break through the resistance of $0.32, the pair will roll back to the area of average prices.

XRP is trading at $0.3097 at press time.