Cryptocurrencies Price Prediction: Binance, Ripple & Solana – European Wrap 5 December
Binance Coin may stabilize soon
Binance Coin with ticker BNBUSD can be now potentially finishing final subwave E of a larger bullish triangle pattern in wave (4), so while the price is above 183 lows, still watch out for a rally, but keep in mind that bullish confirmation is only above upper triangle line and 400 region. If BNBUSD suddenly slips below lower triangle line, then wave (4) correction can be alternatively also deeper one with next support at 150 – 100 area.
Ripple transaction count exceeds 1.38 million, XRP price likely to extend gains
Ripple (XRP) remains a talking point among retail market participants that expect a settlement in the US Securities and Exchange Commission’s (SEC) lawsuit against the cross-border payment remittance firm. Amidst talks of settlement, there is a notable spike in the XRP transaction count.
XRP price traded sideways below $0.6400 throughout December, analysts predict a recovery in the altcoin.
There is a 25% probability of Solana flipping Ethereum: Santiago Santos
In a recent episode of the Empire podcast, Santiago Santos, former Partner at ParaFi Capital, shares his views on how Solana’s market capitalization could exceed Ethereum’s in the next market cycle.
Santos’ views are shaped by expectations of higher capital inflows in the crypto ecosystem, and a larger share for Solana funds.
Author
FXStreet Team
FXStreet
