• The entire crypto market is currently in a sea of red, with expectations for future movement remaining uncertain.
• Investors are now focusing on leading altcoins as Bitcoin’s sudden price dip failed to fulfil bullish goals.
• XRP and BNB are two altcoins that have potential to explode in the near future.
The entire crypto market is currently awash in a sea of red, with expectations for future movement remaining uncertain. Despite this, investors have shifted their focus to leading altcoins as Bitcoin’s sudden price dip failed to reach bullish goals.
XRP Price Analysis
Recently bulls tried to drive the XRP price above EMA-20 resistance, but bears made significant selling pressure, creating resistance near $0.473. On the hourly chart, XRP’s price experienced a deceptive breakout from the local support level at $0.4412. As of writing, XRP trades at $0.47 and has climbed above its 23.6% Fib level since then; if it breaks out above its critical level of $0.49 it will move into an initial bullish consolidation range between $0.51-$0.53.
Binance Coin (BNB) Price Analysis
BNB experienced a notable rebound from the $318 support level near EMA-50 and surged past the 20-day EMA; this indicates that bulls are putting up a solid fight to prevent further declines and maintain the $318 threshold.. Market sentiment will be closely monitoring whether these efforts successfully sustain current levels or not; if they do, BNB could target key resistances at around $368 and $400 respectively in the coming days ahead before making any major movements beyond that point .
Although much remains uncertain about how exactly digital assets will behave for the rest of this week, there is some hope that certain altcoins may take charge soon due to Bitcoin’s recent price dip failing to meet its bullish goals . In particular, both XRP and BNB appear poised for explosive growth if their respective support levels remain intact over time .