The market of cryptocurrency is favouring some of the altcoins like Binance Coin (BNB), Brave Attention Token (BAT) etc. On the other side, there are many in the list that is still to show bullish move.
Binance Coin (BNB) is one of them which is in a bullish move this week. BNB also hit it’s all-time high yesterday. Ripple’s XRP is the one which is in the trap of bear market from the last few days.
At the press time, Ripple’s XRP is valued at $0.320055 having a market capitalization of $13.45 billion. The price of XRP is down by -3.1% over the past 24 hours. It has been on a downward trend from the last few days that’s why the change in price over the last 7 days is -1.6%. The 24 hour trading volume for XRP is $1,209,168,929.
After looking at the graph it can be concluded that XRP will be in the trap of the bear market in the coming few days. Let’s look at some of the indicators for a better understanding of the price trends.
Moving Averages for the XRP is indicating a bear market and is recommending sell. The daily Exponential Moving Average (5, 10, 20, 30, 50, 100, 200) all are in the trap of bear market. Even the Simple Moving Average (5, 10, 20, 30, 50, 100, 200) are also indicating a massive sell zone.
Relative Strength Index (14) is also indicating a neutral zone with a value of 44.54746 on a daily basis.
Awesome Oscillator in case of XRP is 0.00346 and is indicating towards a buy signal.
Binance Coin (BNB) is on a massive bullish move from last few days. The best example of this is that the price of BNB hits its all-time high on 20th April 2019. The all-time high for BNB is $25.54 USD.
At the press time, the Binance Coin (BNB) is valued at $23.68 USD which is -5.11% less in the last 24 hour. It has given a good return to the investors in the last 7 days as the price is 25% (Approx.) more than what it was before. The market capitalization of BNB is $3,378,103,336 and the 24 hour trading volume is $308,645,237.
Moving Averages (Daily) for the Binance Coin BNB is in a massive bullish trend. The EMA (5, 10, 20, 30, 50, 100, 200) and the SMA (5, 10, 20, 30, 50, 100, 200) is showing sign of bullish move.
Awesome Oscillator (Daily) for BNB is 4.1893 which is indicating a buy zone as it’s showing bullish move.
Relative Strength Index (14) is 70.1465 is in the Neutral zone. While if we look at the overall Oscillators then it is in the buy zone.
According to the data from the price chart, it can be concluded that Ripple’s XRP will continue to be in the trap of bear. While Binance Coin (BNB) is showing a bullish trend.
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