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COINTURK NEWS > Technical Analysis > Crypto Market Insights: BNB, SOL, and XRP Price Predictions
Technical Analysis

Crypto Market Insights: BNB, SOL, and XRP Price Predictions

In Brief

  • Investors show keen interest in three popular cryptocurrencies.

  • BNB and SOL prices rose rapidly but didn't reach all-time highs.

  • XRP's fate less worrisome as SEC's influence wanes.

COINTURK NEWS
COINTURK NEWS 1 year ago
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Three popular cryptocurrencies attract long-term investors and hold significant market values. SOL and BNB Coin prices were climbing at a pace to reach all-time high (ATH) zones before ongoing fluctuations. Although they did not achieve this, their current outlook is not so bad. So, what are the current predictions?

Contents
Binance Coin (BNB)Solana (SOL)Ripple (XRP) Price Prediction

Binance Coin (BNB)

BTC price is above $61,700 but cannot sustain above $65,000. This led to short-term price corrections. BNB Coin price also took its share of this negativity and was at $542 at the time of writing.

On March 20th, the price rebounded from the 20-day EMA ($520) but has not yet overcome the $590 resistance. The interruption of BTC‘s recovery also played a role in this. Even though uncertainty decreased after the Fed meeting, upcoming inflation data suggests investors should remain cautious.

The long upper wick at $540 indicates cautious investors’ quick profit-taking, and bears are targeting $460 if closes occur below $520. Weekend volatility could increase due to lower volumes, and these levels are crucial in the event of rapid sales.

On the upside, a break above $590 could open the door to $645. Above that, the target is $692.

Solana (SOL)

Purchases at $163 were strong, reflecting investors’ medium to long-term bullish expectations. However, the failure to break above resistances is negative, and in the event of accelerated selling, SOL Coin price could fall to $126.

Supported by a bounce from support and potential boosts from BTC increases or new airdrop hype on the network, SOL Coin’s (possible) rise focuses on targets of $205 and $267.

Ripple (XRP) Price Prediction

Starting with the motto “Everyone will one day experience the fate of XRP Coin,” the SEC has taken on many popular cryptocurrencies over the years, including Ether. However, the SEC’s confrontations no longer trigger as much fear or panic. The SEC has shown it can be defeated, which has lessened concerns.

For XRP Coin, clear targets are set: closings above $0.67 could aim for $0.74 and $0.94. In a bearish scenario, targets are $0.58 and $0.52.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 23 March, 2024 - 12:41 am 23 March, 2024 - 12:41 am
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