Bitcoin, Ethereum, XRP price analysis for 09.21.2021

The market decline continues and we are expecting another update of monthly lows.

BTC/USD

Yesterday, bearish pressure intensified and the price of Bitcoin reached the fifty percent Fibonacci level (42447.96 USD). Until the end of the day, the pair remained above it, but tonight the bullish momentum broke through this support, and the price of BTC set a new monthly low around the 40190.00 USD mark. 

Until the morning, buyers restored the price above the 50% fib (42447.96 USD), but it is not yet clear whether the pair will be able to stay above it. The Stoch RSI indicator lines on the daily time frame have entered the oversold zone, but a recovery signal has not yet been formed, which means that the decline may continue.

If the bears continue selling, then we should expect a breakout of the psychological mark of 40000.00 USD and an update of the monthly minimum in the area of ​​39840.00 USD.  

ETH/USD

Yesterday the bearish onslaught broke through the psychological level of three thousand dollars and tonight the price of Ethereum tested the support of 2800.00 USD. 

In the morning, the pair rebounded above the 3000.00 USD mark, but it is unlikely that it will be possible to continue the recovery today. If sellers break through the blue support at 2800.00 USD, then a new September low should be expected around 2620.00 USD. 

XRP/USD

Yesterday afternoon, the XRP price broke through the support of 0.900 USD, setting a monthly low at 0.875 USD. At night it updated to the level of 0.866 USD. 

Currently, the price has recovered from the minimum zone above the support of 0.900 USD. This morning, buyers will try to continue the recovery, but it will not be possible to break above the psychological level of 1.00 USD. 

Before the end of the day, selling pressure may increase and the pair will continue to decline towards the support of 0.800 USD. 

*All price values ​​are based on data from the BitStamp exchange