The decline on the weekend has been replaced by growth as all of the top 10 coins have come back to the green zone.
BTC/USD
Last Saturday, the price of Bitcoin (BTC) consolidated in a narrow range at the $47,745 level. At some point, the pair broke through the resistance of $48,000, renewing the monthly high at $48,190, but sellers immediately brought the price down to the support of $46,000.
On Sunday, another bearish momentum tried to push through the two-hour EMA55. But this level of average prices kept the pair from a deep pullback.
At the beginning of this week, buyers again went to storm the resistance of $48,000. In case of a successful breakthrough of this milestone, the price of Bitcoin (BTC) this week might be able to test the psychological mark of $50,000.
Bitcoin is trading at $47,283 at press time.
ETH/USD
At the end of last week, buyers were unable to break above the $3,333 mark, and the Ethereum (ETH) price rolled back to the four-hour EMA55 area.
On Sunday night, sellers lost the initiative and, over the past night, the pair fully recovered to the monthly high. It was updated to the level of $3,340 tonight, but buyers have not yet been able to test the resistance of $3,400. After a short pullback, attempts to break above the resistance of $3,400 may be repeated, and the August high can move to $3,500.
Ethereum is trading at $3,287 at press time.
XRP/USD
On Saturday morning, after a short consolidation, the XRP price broke through the $1.15 resistance and continued to rise above the $1.20 level. At the end of last week, the bulls managed to renew the summer high to $1.35.
At the moment, the price has pulled back from the high zone, but buyers are trying to restore the pair and test the level of $1.40. If the pair manages to gain a foothold above this line, then this week a retest of the resistance of $1.50 is possible.
XRP is trading at $1.2762 at press time.
Tomiwabold Olajide
Valeria Blokhina
