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Technical analysis of BNB / USD and XRP / USD

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Technical analysis of BNB / USD and XRP / USD

[BNB / USD] In 2020 to present value: -19%

 

The current value of the BNB coin is $ 10.4. Also interesting is the graph, which is based on the reflection on the support line. You may have seen something similar on other altcoins. Of course, the market for altcoins is very similar at the moment and you can see such patterns quite often. But does it really mean a reflection up and the end of the drops? At the moment everything will depend on the world markets, which are currently in their movements and Bitcoin.

 

Technical analysis of BNB / USD and XRP / USD

 

[XRP / USD] In 2020 to present value: -20.49%

 

The situation is different with XRP, we do not rely on the support line. We see a direct downturn procedure, which Ripple did for itself by releasing its coins every month and selling it on OTC stock exchanges. In addition to this, there have been massive crashes across the market now, and I personally wonder that XRP has long been in third place in terms of cryptocurrency capitalization. Ripple is in a decline for several years. The current value of the coin is $ 0.154 and the drop in 2020 is already -20%.

 

Technical analysis of BNB / USD and XRP / USD

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