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The latest pullback follows a classic retracement scenario, as XRP struggles to maintain its momentum above the 0.786 Fib level ($1.58).
Historically, assets that undergo rapid price increases often correct toward key Fibonacci levels before resuming their trend. If the bearish sentiment persists, XRP could dip toward $1.93, where buyers may look to re-enter.
Meanwhile, the 50-week EMA (red) and 200-week EMA (blue) remain well below current prices, suggesting that XRP is still in an overall uptrend despite the short-term correction.
The RSI on the weekly chart has also cooled from overbought levels, which may indicate a deeper retracement before the next potential rally.
BNB (BNB) Technical Analysis
BNB/USD Four-Hour Price Chart Analysis — Descending Triangle Breakdown Begins
BNB (BNB) has plunged after breaking below a key descending triangle pattern on its four-hour chart, signaling a continuation of the ongoing bearish trend. The pattern, characterized by a series of lower highs and a flat support level, typically indicates a downward breakout when the price decisively closes below support.
Following the breakdown, BNB fell sharply, with the measured move target pointing toward $571.2 as the next major support level. The sell-off has been accompanied by an increase in trading volume, confirming the validity of the breakdown.
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