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XRP and BNB Price Analysis for November 11

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Fri, 11/11/2022 - 14:40
XRP and BNB Price Analysis for November 11
Cover image via www.tradingview.com

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The cryptocurrency market keeps rising after yesterday's reversal.

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Top 10 coins

XRP/USD

XRP is one of the biggest rising coins today, going up by 7.40%.

XRP/USD chart

On the daily chart, XRP is likely to continue the rise if the bar closes near the $0.40 level or above it. In this case, the upward move might be possible to the resistance at $0.4380.

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Thus, the rising buying volume is also a prerequisite for possible growth soon.

XRP is trading at $0.3924 at press time.

BNB/USD

Binance Coin (BNB) is following the rise of XRP, growing by 6.38% over the past 24 hours.

BNB/USD

Despite today's rise, Binance Coin (BNB) has not returned to the bullish zone yet as the price is still below the $300 mark. In this case, bears keep controlling the situation, which is also confirmed by the low volume. If the situation does not change, a further drop might happen on the weekend.

BNB is trading at $296.6 at press time.

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