Cryptocurrencies Price Prediction: Binance Coin, Ripple and Cardano – European Wrap 23 August

FXStreet Team FXStreet

Binance coin to take over Cardano market share with explosive breakout to $700

Binance coin (BNB) prepares to regain its position in the crypto market. Analysts have a bullish outlook on BNB in light of recent developments.

XRP will make it to $1.50 with little to no opposition

Ripple price (XRP) made it out alive after the violent spike higher on August 14. Although price action looked promising for another leg higher as on August 15, the low of the day bounced off the purple descending trend line. Profit-taking got in the way, however, and Ripple dipped lower, awaiting a pick-up from buyers again.

Cardano price smashes all-time highs, ADA aims for another 20% climb

Cardano price (ADA) has yet again recorded another all-time high at $2.84, as it continues to challenge previous records. ADA is headed for a 20% surge as the cryptocurrency proceeds by showing massive strength.

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XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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