Ripple’s XRP, Binance Coin, IOTA, Dash - Weekly Price Prediction and Overview

  • Thomas Hughes
    📈 Price Predictions

    This weekend has been an emotional rollercoaster for Bitcoin traders. The digital asset jumped to test the $4200 mark only to drop minutes later into the $3800 area


Ripple’s XRP, Binance Coin, IOTA, Dash - Weekly Price Prediction and Overview

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

This weekend has been an emotional rollercoaster for Bitcoin traders. The digital asset jumped to test the $4200 mark only to drop minutes later into the $3800 area. The move is considered market manipulation by many traders but there is little evidence to who is responsible. Despite this, the cryptocurrency market is holding steady near $130 billion despite most of the top coins posting losses.

Ripple (XRP) Price Prediction

Coinbase just announced that Ripple’s XRP will be listed on their exchange. The announcement spurred a recovery from $0.29 territory to $0.32 where it’s currently trading. The circulating supply is valued at $13,232,810,309 which puts XRP in third place overall in terms of market cap. XRP is currently dealing with a long-term bearish trend line and has recently tested $0.35 resistance but failed to break the level.

If we see a break of said trend line it will almost certainly encourage more buyers to join in the rally. If more traders join in that will facilitate a break of the 50 days EMA and possibly a move into the $0.37. If not, well if not we can expect to see a retest of support.

XRP/USD chart by TradingView

XRP/USD chart by TradingView

Binance Coin (BNB) Price Prediction

Following the testnet launch of Binance DEX BNB climbed to test resistance at $11.80. The move was met by sellers leaving the token trading near $9.64 in what seems to be a normal retracement, not a reversal. Binance Coin is still in an uptrend and as long as it holds above $8.50 - $9.00 we should expect to see additional moves higher.

This week we may not see price approach $9.00 where a bounce is highly probable. Because the Relative Strength Index was overbought the move lower is technically sound and healthy for the development of the longer-term uptrend.

BNB/USD chart by TradingView

BNB/USD chart by TradingView

IOTA (MIOTA) Price Prediction

With a total circulating supply valued at $793,405,425, MIOTA is currently trading at 0.28 against the US Dollar and is ranked number 14 according to CoinMarketCap. The digital asset has been trading in a range between $0.20 and $0.40 with immediate support at $0.2415.

It is below the 50 days EMA and the latest move was a drop from $0.33 vicinity into $0.26 so downward pressure is still present. Some of the losses were erased but there is not much bullish pressure and volatility is low, so I don’t expect the pair to move outside its range over the next week.

IOTA/USD chart by TradingView

IOTA/USD chart by TradingView

Dash (DASH) Price Prediction

Standing just behind IOTA at number 15 in CoinMarketCap rankings. Dash has a total circulating supply value of $714,429,658 and is trading near 83 against the US Dollar. It has lost 6.21% in the last 7 days but regained a small 0.52% over the last 24 hours. DASH/USD is contained inside the range created by $60 and $100 levels but recently confirmed the upper boundary of the channel.

The 50 days EMA and the horizontal level at $100 are forming a confluence zone (a place where two or more technical elements are close together) that will be difficult to break. If there is a break of the said zone it will show increased bullish pressure that may lead the token higher. I don’t expect DASH to break the horizontal channel this week but a re-test of $100 is not out of the question.

DASH/USD chart by TradingView

DASH/USD chart by TradingView

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About the author

Thomas Hughes is an executive editor of U.Today. He is a skilled cryptocurrency trader and technical analyst deeply immersed into the cryptocurrency & blockchain technology area.

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