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Ripple (XRP), Binance Coin (BNB), Cardano (ADA), TRON (TRX) Price Analysis – How High Can Ripple Price Go?

  • Thomas Hughes
    📈 Price Predictions

    After breaking the long-term bearish trend line, XRP moved sideways for a while and just recently it managed to break the resistance at $0.35, which can now turn into support


Ripple (XRP), Binance Coin (BNB), Cardano (ADA), TRON (TRX) Price Analysis – How High Can Ripple Price Go?
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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

Some have called the recent climb a knee-jerk reaction or a bull trap but facts are facts: the crypto market cap has climbed to more than 182 billion US Dollars from around 140 billion just 2 weeks. Less than 14 days ago Bitcoin was hovering near $4,000 and is now trading safely above $5,000 and most other altcoins are in the green. Are we witnessing the beginning of a bull market? You can never say for certain but it does look like one is brewing.

Ripple (XRP) Price Analysis

Currently trading above 0.35 against the US Dollar, Ripple’s XRP is up 1.77% during the last 24 hours and ranked 3rd on CoinMarketCap. XRP’s latest climb started on the last day of March and mostly fueled by the broader crypto market recovery we haven’t seen anything spectacular from this coming yet.


After breaking the long-term bearish trend line, XRP moved sideways for a while and just recently it managed to break the resistance at $0.35, which can now turn into support. If the current wave of buying continues we will probably see Ripple make an attempt to break the more important resistance at $0.40. For this to happen the pair must stay above the 100 days Exponential Moving Average, the good news is that MACD is crossed bullish supporting such a scenario.

XRP/USD chart by tradingview

Binance Coin (BNB) Price Analysis

Binance Coin is one of the best performing cryptocurrencies of the year thus far, valued at $18.44 and ranked number 7 according to its circulating supply. BNB is in a clear uptrend but the last 7 days have been bearish with the coin losing roughly 5% against the US Dollar.

However, this is normal and actually healthy for the uptrend because price action was showing signs of exhaustion and a pullback was both anticipated and needed. The MACD is crossed bearish which indicates the retracement is not yet over and that we may see a descent below 18.20 support. Once the pullback is complete, I expect a re-test of $22.00 - $22.10, which may happen in a few days.

BNB/USD chart by tradingview

Cardano (ADA) Price Analysis

Trading at 0.086 against the US Dollar, ADA is ranked 8th according to CoinMarketCap. The pair is currently on a pullback following a test of the key psychological level at $0.10. Its movement for the year to date is bullish, so as long as the price stays above the 100 days Exponential Moving Average, the move down is not a major reason of concern.

The MACD is just crossing bearish, but a bullish bounce at 0.082 support could easily “un-cross” it because this is a lagging indicator. The overall bias is bullish and once the retracement is over, I expect a climb towards 0.111 resistance.

ADA/USD chart by tradingview

TRON (TRX) Price Analysis

With a market cap of $2,016,535,561 and a price of $0.030 TRON occupies the 11th spot in CoinMarketCap rankings. The token has a positive track record over the last 7 days with a gain of 8.75%. TRON has yet to start a correction similar to the other cryptocurrencies analyzed thus far but the MACD lines are widely spread apart and the histogram is increasing which hints that we may see further upside before a retracement starts.

The first upper target and resistance is located at $0.035 (may differ depending on exchange), and it’s very likely to see that mark touched within a week or possibly sooner. Support sits at 0.028, which is a good place for upside action to resume.

TRX/USD chart by tradingview

 

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TOP 3 Price Predictions: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) — Should Buyers Fix Their Profit or Not Yet?

  • Denys Serhiichuk
    📈 Price Predictions

    It looks that buyers are fixing their positions. In this regard, is that a chance to buy or we need to follow the general market mood?


TOP 3 Price Predictions: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) — Should Buyers Fix Their Profit or Not Yet?
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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 situation on the cryptocurrency market has not changed a lot comparing to Thursday. Prices of most coins out of the top 10 have been reduced, however, there are 2 exceptions from the rule. Binance Coin and Litecoin are those ones that keep going up when other coins are ’’relaxing’’.   

Especially it is remarkable for BNB, whose rate has exceeded $20.


BTC’s domination rate is stagnating and now constitutes 52%.

BTC/USD

Friday, Apr. 19 has started for the main cryptocurrency with a red bullish candle, pushed down BTC from $5,274 to the $5,200 mark. Currently, the quotes are trading in the $5,200 - $5,250 corridor.

BTC/USD chart by tradingview

Yesterday, the main cryptocurrency managed to overcome the resistance of the Fibonacci level and tested the mark of $5,276 (61.8%).

If today we manage to return to this level, then the path to the $5,300 mark is possible. The target level of bulls will be reached, after which a pullback will start to fix positions.

On the whole, the BTC maintains an upward priority, but in the coming days, a flat range is also possible.

The price of BTC is trading at $5,256 at the time of writing.

ETH/USD

A general picture for Ethereum is even better than for BTC, as its price has not reduced so much.  Yesterday, the asset touched the $176 mark but was not able to consolidate it and rolled back to $170.

ETH/USD chart by tradingview

On the 1-hour chart, ETH has all efforts to come back to the $180 mark, which was achieved on April.10. That is confirmed by the RSI indicator and trade volumes.

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However, taking into account fundamental factors, some Ethereum based projects have started to migrate to Binance Chain network. If such a trend continues, it could negatively affect the ETH’s rate.

The price of ETH is trading at $171.89 at the time of writing.

XRP/USD

Ripple is the biggest loser from the top 3 coins, as its rate has dropped by more than 2% over the last 24 hours.

XRP/USD chart by tradingview

The price of XRP is trading at $0.33 and continues to move within the growth and the downward channel. The quotes XRP/USD are moving inside the Ichimoku cloud, which indicates the presence of a lateral trend for Ripple.

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An impetus for growth renewal can be the recent news concerning the Huobi exchange which added 3 more trading pairs for XRP.

The price of XRP is trading at $0.3322 at the time of writing

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