Will Binance Coin (BNB) Be Able to Maintain Critical Support? BNB and Ripple (XRP) Price Analysis!


The rejection of spot ETFs by Evergrande and the SEC is pumping a negative mood back into the markets. Bitcoin (BTC) although it loosened up to $62,300, it is over $63,000 at the time of writing. BNB has not been able to overcome the critical resistance and continues its effort to hold on to the 620 dollar. Alright BNB and XRP what are the short-term price targets for?

Binance Coin (BNB)

Against the background of technical indicators, the MACD confirms the downward momentum. MACD, Which had a bearish trend on November 8, and has since Binance Coin it remained in the region as its price dropped from the $670 level. Since the current price has not sagged below $610, it has also pulled up moving averages. RSI is located in the oversold zone.

The daily closing will be important at this point, especially Bitcoin it is critically important that its price does not fall. The BNB conducted an unsuccessful resistance test in its upward movement. The failure of the price to exceed $680 caused the collapse of the $650 support. Currently, the 610 dollar zone should be protected by bulls, but the current outlook says that this will be difficult. For the downward movement, the 610 and 600 dollar supports should be followed closely in the short term, and the 650 dollar region should be followed closely in the upward movement.

Ripple (XRP)

Bitcoin price depreciates by close to 9% XRPit also negatively affected the The price has loosened up to the support of 1.16 and continues to find buyers from 1.18 dollars at the time of writing. A significant part of the moving averages has been lost on the four-hour chart, and there is excessive selling pressure on the price holding above the Exponential Moving Average (100).

RSI it loosened below the neutral zone and MACD it shows that the upward momentum is weak. If we are going to go through a strong downturn over the weekend, all the conditions seem to be ready. The inability to maintain the 1.18 region, where the price was at the time of writing, can bring relaxation up to 1.11 dollars. That is why it will be useful for short-term investors to stick to the stop zones. If the downward course continues, the 1.06 and 0.995 dollars should be closely monitored.

Disclaimer Of Liability: The information contained in this article absolutely does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and they should conduct their transactions in accordance with their own research.
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