🔴$XRP $BNB $SHIB Technical Updates & Analysis 🔴
XRP continues to look healthy on the weekly chart and closed with an 8.7% price increase. This is a great performance, which gives hope that the resistance at 68 cents could be tested in the future.
The momentum remains bullish, but buying volume has been declining lately, which is a sign of weakness. Hopefully, buyers can return soon with conviction.
Looking ahead, XRP has a good shot at moving higher. Should a pullback start, the support at 54 cents has a good chance of stopping sellers.
Binance Coin (BNB)
After BNB made a new all-time high (ATH), the price entered a deep correction and bounced from the $500 level. Buyers’ appetite returned there, allowing this cryptocurrency to close the week with a 1% price increase.
The current resistance and ATH is at $721. Should bulls return in force, then this will be their main target in the coming months.
Looking ahead, BNB appears to be consolidating between the key levels before a more decisive move starts to develop.
Shiba Inu (SHIB)
SHIB continues to struggle around the $0.000018 level and closed the week with a 5% loss. This price action is similar to Cardano and shows some indecisiveness from buyers.
On the weekly timeframe, the momentum indicators such as the MACD remain bearish. Nevertheless, this meme coin has an opportunity to stop this downtrend and form a base for higher levels later.
Once buyers reclaim $0.000018 as support, SHIB can hope for a sustained recovery towards $0.000025 which would become the next key target.
