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BNB/USD Binance Coin Price Prediction — Rising by Almost 10%: Can Bulls Pump to $25?

  • Denys Serhiichuk
    📈 Price Predictions

    Growing faster than other altcoins: Look through our analysis to create your own investment strategy


BNB/USD Binance Coin Price Prediction — Rising by Almost 10%: Can Bulls Pump to $25?

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

When almost the whole crypto market was growing, the price of BNB went below $20; however, today, the situation is the opposite.

At the moment, BNB is the leader among the top 10 coins, as its quotes skyrocketed by more than 10% over the last 24 hours.

BNB charts by CoinMarketCap

In terms of the news background, a few reasons can affect BNB’s rate change:

All this should favorably win back the cost of the coin.

Our Binance Coin price forecast has more than justified itself, as the rate has jumped even higher than $20.

BNB/USD chart by TradingView

On the 1-hour chart, BNB shows growth against the stagnation of Bitcoin. However, traders should not expect a quick bull run to $25 as happened a few weeks ago. Before going up, the price should touch the $22.6 mark and only after that can BNB reach $24. The Elliot Triple Combo Wave supports such a scenario.

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BNB/USD chart by TradingView

On the 4-hour time frame, the situation does not differ a lot, as BNB is still under bullish tendencies.

There is a formation of the Inverted Triangle pattern, according to which the coin should be located in the yellow corridor between $23 and $24 till the end of May 19. Such a scenario will come true if the trading volumes remain at high levels.

Binance Coin is trading at $23 at the time of writing.

Cover image via 123rf.com
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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and make predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others.

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Ripple (XRP) Is Approaching the $0.27 Support Zone. How Low Might XRP Slump?


Ripple (XRP) Is Approaching the $0.27 Support Zone. How Low Might XRP Slump?

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

The recent months have been nothing but disappointment for XRP traders, especially long-term hodlers. While Bitcoin and other altcoins have made a glorious path to new heights, XRP managed to crawl to $0.45 level and got back. Recently, it has even fell below $0.30 - a bad sign for traders. So, what to expect from XRP price next? Let’s check out Twitter users’ XRP price forecasts and their opinions. 

When innovations are hopeless

A lot of traders have been waiting for new technological advanced introduced by Ripple labs - it would make XRP price people thought. However, surprisingly, XRP did not grow - it went the opposite direction. This is what makes Twitter user say ‘RIP Ripple’.

Take a look at their predictions and moods:

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Dreamers stay dreamers

However, some users continue claiming that Ripple is able of reaching new heights. Here’s what some of them think:

A more possible scenario:

But what if Ripple is NOT supposed to be expensive? Take a look at this opinion:

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Indeed, XRP seems to stand aside from the scope of all other altcoins. It simply doesn’t follow the path of Bitcoin or any other digital currency. Market uptrend? Ripple hardly reacts. Technological advanced? XRP market does not depend on it either. Thus, making predictions often proves to be useless. 

Hold or buy more

Since no one knows for sure what will happen with Ripple (XRP) price, you can continue holding it and buy some XRP while the cost is tasty.

Moreover, XRP can dump a little bit more:

Thus, buying at $0.24 would be even a better idea. With the major downtrend on the crypto market, this might be possible.

Conclusion

Ripple’s XRP is too far from $0.50. Moreover, it might even drop below $0.30 again. That means you should either hold XRP for a few months (or years) more, or speculate on shorts – the second option is better for experienced traders.

Cover image via www.123rf.com
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About the author

Crypto writer, blockchain geek & Bitcoin holder with a strong belief in the power of cryptocurrency. Veronika combines in-depth analytical approach with creative writing to deliver the texts that both inform and entertain. With hundreds of reviews, SEO articles and marketing texts under the belt, she has experience of working for blockchain Medium channels, Cryptodiffer site and ICOs. Part of U.Today team since 2018, she focuses on crypto price predictions and monitors the market to provide the most relevant info & opinions.

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