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XRP, ADA and BNB Price Analysis for June 16

Fri, 06/16/2023 - 15:55
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Denys Serhiichuk
How many altcoins can grow by end of week?
XRP, ADA and BNB Price Analysis for June 16
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Bears remain more powerful than bulls according to the CoinMarketCap ranking; however, there are some exceptions to the rule.

Top 10 coins by CoinMarketCap

Top coins by CoinMarketCap


XRP has not joined the list of rising coins, falling by 3.31%.

XRP/USD chart by TradingView

Image by TradingView

The rate of XRP has once again failed to fix above the $0.48 mark, which means sellers keep controlling the situation on the market. If today's candle is below yesterday's low at $0.465, the decline can continue to the $0.44 zone. Such a scenario is relevant until the end of the week.

XRP is trading at $0.4581 at press time.


Unlike most other coins, the rate of Binance coin (BNB) has increased by 0.58%.

BNB/USD chart by TradingView

Image by TradingView

Despite today's slight growth, the rate of BNB is not ready yet for a bounce back as the price has come back below the level of $239.5. If the drop leads to the $230 zone, there is a high chance of seeing a support breakout, followed by a dump to the crucial $200 area.

BNB is trading at $235.5 at press time.


The rate of Cardano (ADA) has fallen by 1.12% since yesterday.

ADA/USD chart by TradingView

Image by TradingView

The rate of Cardano (ADA) is coming back to the recently formed support level at $0.2560. The price has not risen after a false breakout, which means that buyers are not powerful enough to seize the initiative. In this case, the ongoing correction to the $0.24 range is the more likely scenario for the next couple of days.

ADA is trading at $0.2558 at press time.

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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 makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at