As this article was prepared, only 12 blocks remained until the fourth block reward halving of the king cryptocurrency, which means there are about 2 hours left. By the time you read this, the halving will likely have already occurred. So, what are the targeted price regions for BNB, SOL, and XRP Coin after the halving?
BNB Coin Halving Target
Historical data tells us that after a BTC halving event, the price may first drop and then recover quickly. This could happen within a few days or even take a few weeks. Alternatively, the sequence may be reversed. There is also a third possibility that none of this happens and the expected volatility increase does not occur.
However, it will certainly be useful to look at the levels that can be targeted in rapid rises or falls according to current data. BNB Coin was up 2% at $560 at the time this article was prepared.
In recent days, the BNB Coin price has been fluctuating between $495 and $635, struggling to reclaim support at the 20-day EMA ($565). If this area can be maintained, the price will target the $635 resistance and focus on targets of $692 to $775. On the other hand, closures below $495 could see a drop to $460 and $400.
Solana (SOL) Halving Target
SOL Coin price made a quick turnaround with the BTC rise and should convert the $158 20-day EMA into support to crown this. If selling starts, we could quickly see a return to $126 and $100 levels. Conversely, if the price continues to rise and closes above the 20-day EMA, a new move up to $256 could start after $162 and $185.
XRP Coin Halving Target
Next week, there is an important development in the Ripple case. We will witness headlines focusing on XRP Coin on Tuesday. XRP Coin price has experienced heavy selling and lost more blood compared to many other altcoins. However, it has reclaimed the $0.5 level.
$0.55 is the key level to determine if the rise will continue, and if this level is surpassed in a possible accelerated rally, a new move to $0.74 could begin. In the opposite scenario, the targets are updated to $0.48 and $0.41.
