Advertisement
AD

Main navigation

BTC, XRP, and BNB Price Analysis for July 29

Advertisement
Thu, 29/07/2021 - 17:49
BTC, XRP, and BNB Price Analysis for July 29
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Bulls have seized the opportunity in the cryptocurrency market, with the majority of the coins being in the green zone. XRP and DOGE are the only exceptions. 

Advertisement
Article image
Top coins by CoinMarketCap

BTC/USD

Yesterday, the bulls were preparing for an assault on the psychological level of $40,000. However, the breakthrough turned out to be rather weak and the monthly peak was recorded in the area of ​​$40,920.

Article image
BTC/USD chart by TradingView

In the afternoon, the price of Bitcoin (BTC) rolled back, returning to its original levels in order to repeat the assault on the $40,000 level. The second attempt to gain a foothold above was even worse — before the end of the day, it managed to rise only to the area of ​​$40,690. At night, the trading volumes decreased and the pair rolled back to its previous position.

card

This morning, one more attempt to test the 50 percent Fibonacci level is possible, but given how overheated the market is, it can be assumed that the pair may roll back to the support of $36,000 before the end of the day.

Bitcoin is trading at $39,739 at press time.

XRP/USD

Yesterday morning, buyers were able to form a strong bullish momentum and the XRP price broke through the resistance at $0.65, setting a new July high around the $0.754 mark.

Article image
XRP/USD chart by TradingView

In the second half of the day, the volume decreased and the pair rolled back below the level of $0.70. Tonight, on decreasing volumes, buyers tried to return to the zone of the monthly peak, but the bears repulsed this bull's advance. Now, the price of XRP is back at $0.70 per coin. If the pressure from the bears increases, the pair can roll back to the area of ​​the two-hour EMA55.

XRP is trading at $0.70537 at press time.

BNB/USD

The price of Binance Coin (BNB) has remained almost unchanged since yesterday. 

Article image
BNB/USD chart by TradingView

At the moment, the native exchange coin is trading in the zone where most of liquidity is focused. It means that traders are still accumulating power for a sharp price blast. If they can gain footing above $320, there is a chance of coming back to the resistance zone around $350 in the first days of September.

BNB is trading at $313 at press time.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD