0
📈 Price Predictions
1393 views

XRP, BNB, and DASH Price Prediction and Analysis

  • Yuri Molchan
    📈 Price Predictions

    💣💣Traders have not had an easy weekend due to Bitcoin 📈📉 rising and falling. BTC surged to test the $4,200 level and was instantly thrown back to $3,800


XRP, BNB, and DASH Price Prediction and Analysis

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

Traders have not had an easy weekend due to Bitcoin rising and falling. The major virtual coin surged to test the $4,200 level, and then in just a few minutes it was thrown back to $3,800. A lot of market participants believe this to be market manipulation, however, it is not clear who it was beneficial for.

Even though this rollercoaster took place, the total market cap has been more or less stable – slightly over $130 bln, despite the majority of the highest ranking coins being in the red.

XRP Price Prediction

The market has rejoiced after the recent announcement of Coinbase listing XRP. That news made the coin recover from the $0.29 mark to $0.32, where it is presently standing. At the moment, XRP is struggling amid a long-lasting bearish trend. Not long ago, the coin has tried to test the $0.35 resistance level but was unable to break through it.

Should any signs of an upward trend appear on charts, most likely, a bigger wave of traders will take part in the rally. If it happens that more traders join in, the coin will be able to break the 50-day EMA and perhaps will grow to trade at $0.37. Otherwise, we will be in for XRP retesting the support mark.

XRP Price Prediction

XRP/USD chart by TradingView

Binance Coin (BNB) Price Prediction

Right after the Binance DEX testnet was released recently, BNB spiked to test the resistance level at $11.80. Then it fell back, but traders took this move as a regular correction, not a reverse. BNB currently remains within an upward trend, and providing its stays above $8.50-$9.00, the coin should make further attempts to get higher.

The breakthrough may well happen at the level of $9.00, however, this week BNB might not get there. This is due to the RSI being overbought on a lower level and now it is ready to unroll into an upward trend that will last longer.

Binance Coin (BNB) Price Prediction

BNB/USD chart by TradingView

Dash (DASH) Price Prediction

DASH holds position #15 on the Coinmarketcap scale. Its overall supply in circulation is valued at $714,429,658. Currently, it is holding at around $82.5. Over the last week, the coin has dropped slightly over 6 percent and managed to recover only slightly against its losses.

The 50-day EMA along with the horizontal level at the $100 mark have created a confluence zone, which may take a lot of effort to break.

Should DASH break through this area, it will happen only with the help of increased strength from the bulls, and the coin may keep going upwards.

There is a 90 percent probability that DASH will not make it but will rather retest the $100 mark.

Dash (DASH) Price Prediction

DASH/USD chart by TradingView

Cover image via u.today
In this Telegram channel you’ll find fresh news, interviews, infographics, forecasts & other helpful stuff. Join U.Today's channel.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

👓 Recommended articles

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy

Cookie settings