Analytics of cryptocurrency pairs BTC/USD, ETH/USD, XRP/USD as of 01/08/2018

Brief forecast of the price behavior of leading cryptocurrency pairs as of January 8, 2018

XRP/USD

Ripple plans for the day: I believe that the price will again try to overcome the resistance at the 23.6% fibo level (2.800), but again it will fail. The correction may be lengthy. I predicted the depth of the correction to be up to $2 per coin, and the plan for tomorrow is so far only up to the level of 2,500 USD.

ETH/USD

Ethereum completed the “minimum program” and was able to reach the predicted level of 1100.00 USD. I believe that before moving to the next target level of 1500.00 USD, the price, perhaps for a short time, will consolidate near the 1120.00 USD mark, and then continue to rise. Since predicting the timing of updates to historical highs is quite difficult, I dare to assume that by the middle of the week the price of ether will update the maximum by one and a half thousand and Ethereum will be able to overtake Ripple in terms of capitalization.

BTC/USD

Currently At the moment the price is in a correction, the depth of which will be determined by the 23.6% fibonacci level. Tomorrow we expect a recovery to the level of yesterday's highs at 17,200.00 and testing the area of ​​17,600-18,000 US dollars.