Cryptocurrency investors continue to hold a significant portion of their portfolio in altcoins such as BNB, SOL, and XRP. As Bitcoin‘s price turned upwards following the opening of the US market on March 25, notable movements were also observed in altcoins. So, what are the current predictions for these three altcoins?
BNB Coin Analysis
As this article is being prepared, there are 20-25 minutes left until the daily candle closes, and BTC has fallen back below $70,000. Bears aim to keep the price below $69,000 to pull it down by another $10,000. For now, ETF outflows are strong, and even without BlackRock data, GBTC has seen a net outflow of $350 million, slightly dampening optimism.
Upward sloping moving averages and a positive RSI give hope for BNB Coin. However, BTC’s volatility has pushed the price back below $590. At the time of writing, the price is at $585, but if it holds strong, it could jump to $645. The next target would be $692.
For bears, closes below $534 are significant. So even if the key region is lost, BNB Coin is still in an advantageous position. If it falls to $534, the next target will be the $500 support zone.
SOL Coin Price Prediction
Solana rebounded from the 20-day EMA ($168) on March 24. Its quick response to BTC‘s rise could be related to renewed interest in its ecosystem’s lesser-known coins, potentially triggering a SOL Coin rally. In a bullish scenario, targets of $205 and $243 could be followed by a $260 target.
There is support at $168 on the downside, but if this is not maintained, a fall to the $134 target would not be surprising, and likely BTC will focus on the $59,000 worst-case scenario during this period.
XRP Coin Commentary
XRP has been hovering around the 20-day EMA for the past few days, and at the time of writing, it is at $0.64, above the critical $0.62 region. The RSI and current chart indicate that bears and bulls are equally matched.
On the other hand, the SEC’s demand for a $2 billion fine will soon be officially submitted to the court. Developments in the case could increase volatility. It is known that Ripple has $1 billion in cash and nearly $20 billion in crypto reserves. Perhaps they would like to grow by selling XRP? In a bearish scenario, sales could continue down to $0.52.
