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Cryptocurrencies Price Prediction: Binance, Shiba Inu & Ripple – American Wrap 03 August

Cryptocurrencies Price Prediction: Binance, Shiba Inu & Ripple – American Wrap 03 August
FXStreet TeamFXStreet TeamFXStreet

Binance defies regulatory FUD with 22 million new registered users in three months, BNB price drops 30%

BNB, the ticker for the Binance Coin crypto, is trading horizontally after a stark drop from the April highs. The sideways move comes as the broader cryptocurrency market continues without a catalyst, with Bitcoin (BTC) price leading the altcoins in the steady slide. For Binance Coin, however, the dormancy comes as the BNB network remains subject to regulatory scrutiny, with both the exchange and its CEO facing civil charges from US regulators.
Shiba Inu, a crypto project that gained popularity as a meme coin, is gearing up to find utility among serious investors. A representative of the Shiba Inu blockchain told CoinDesk that SHIB has plans to implement digital identity verification for applications in its ecosystem. This could bring SHIB to par with its peers in the DeFi ecosystem.
 
Ripple’s partial victory versus the US Securities and Exchange Commission’s (SEC) has helped the cross-border remittance firm make the decision to re-engage with the US market. The payment firm is already making strides in its partnerships in regulated places like the UK, Europe, Singapore, Dubai and the Middle East. 

XRP/USD

Overview
Today last price0.6744
Today Daily Change-0.0106
Today Daily Change %-1.55
Today daily open0.685
 
Trends
Daily SMA200.731
Daily SMA500.5876
Daily SMA1000.5312
Daily SMA2000.478
 
Levels
Previous Daily High0.708
Previous Daily Low0.6764
Previous Weekly High0.7519
Previous Weekly Low0.6746
Previous Monthly High0.9396
Previous Monthly Low0.458
Daily Fibonacci 38.2%0.6885
Daily Fibonacci 61.8%0.696
Daily Pivot Point S10.6716
Daily Pivot Point S20.6582
Daily Pivot Point S30.64
Daily Pivot Point R10.7032
Daily Pivot Point R20.7214
Daily Pivot Point R30.7348
 

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