ARTICLE AD BOX
XRP, BNB, and SAND have faced a downtrend in early September 2024, with indicators such as RSI and MACD all having a bearish week.
However, all three cryptocurrencies are positioned near key support levels, giving opportunity for traders to trade on breakout level.
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XRP Current Price Analysis
- Current Price: $0.53
- Market Cap: $30.18 billion
- 24H Trading Volume: $1.9 billion
- Circulating Supply: 56.25 billion XRP
- All-Time High (ATH): $3.92
- Total Supply: 100 billion XRP
Pullback in Uptrend. Price remains in an Uptrend but has pulled back, which could present a ‘buying dip’ opportunity.
Pullback near $0.57 key level could be another swing trade entry in Uptrend with +15% upside potential back to $0.67. Stop Loss at $0.53.
Weekly Price Analysis for XRP
- Price Change (7D): -5.00%
- Week Opening Price: $0.55
- Trend: Short-term trend is Strong Down, Medium-term trend is Neutral and Long-term trend is Up.
- Momentum: Price is neither overbought nor oversold currently.
- Support and Resistance: Nearest Support Zone is $0.50, then $0.42. Nearest Resistance Zone is $0.67, then $0.75.
Indicators for XRP
- RSI: 48 (Neutral)
- MACD: Bearish crossover
- Bollinger Bands: XRP is trading near the lower band, signaling potential overselling.
BNB Current Price Analysis
- Current Price: $487
- Market Cap: $71.08 billion
- 24H Trading Volume: $1.86 billion
- Circulating Supply: 145.93 million BNB
- All-Time High (ATH): $690
- Total Supply: 200 million BNB (subject to periodic burns)
Trends are mixed to down. Following a breakout from Channel Down pattern, price reached $600 resistance where it got rejected.
Pullback to $500 support is swing trade entry opportunity in with +20% upside potential back to $600. Stop Loss $480.
Weekly Price Analysis for BNB
- Price Change (7D): -4.5%
- Week Opening Price: $510
- Trend: Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
- Momentum: Price is neither overbought nor oversold currently.
- Support and Resistance: Nearest Support Zone is $450.00. Nearest Resistance Zone is $550.00, then $600.00.
Indicators for BNB
- RSI: 42 (Neutral)
- MACD: Slight bearish trend
- Bollinger Bands: BNB is near the lower band, indicating a potential price rebound.
SAND Current Price Analysis
- Current Price: $0.27
- Market Cap: $370 million
- 24H Trading Volume: $60 million
- Circulating Supply: 1.36 billion SAND
- All-Time High (ATH): $8.44
- Total Supply: 3 billion SAND
Price is in a Downtrend, however, there are signs of improvement. It had a bullish breakout from Falling Wedge pattern and price reached $0.30 resistance for +15% gain.
Now the price pulled back to $0.25 support, which is a swing trade entry opportunity with +20% upside potential back to $0.30 resistance. Stop Loss at $0.23.
Weekly Price Analysis for SAND
- Price Change (7D): -6.7%
- Week Opening Price: $0.29
- Trend: Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
- Momentum is Bearish. Price is neither overbought nor oversold currently.
- Support and Resistance: Nearest Support Zone is $0.20. Nearest Resistance Zone is $0.30, then $0.35.
Indicators for SAND
- RSI: 39 (Bearish)
- MACD: Bearish crossover
- Bollinger Bands: SAND is approaching the lower band, signaling potential selling pressure.
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