Market Update

Cryptocurrency Price Analysis – Bitcoin (BTC), Ripple (XRP), Binance Coin (BNB)

With inflation fears re-emerging since US jobs report Advertisement The cryptocurrency industry is showing some interesting price action. Let’s do a price analysis of Bitcoin, Ripple and Binance Coin.

Bitcoin price analysis

Bitcoin It has fallen to $91,756 from its 2025 high of $102,400. On the daily time frame, a head and shoulders pattern has been formed, with a neckline around $91,650. While bulls may see the 90,000 area as a buying opportunity, they will need to put in more effort to avoid a breakout below the neckline.

The next test for the bulls will be the moving average. If the price turns sharply below the moving average, there is a higher possibility that it will break below the $91,650 support level. An RSI of 46 also indicates a neutral tone.

BTC/USDT daily chart – Source: Trading View

On the 2-hour time frame, we can see a descending triangle pattern. Breaking the $100,000 resistance area will be the bull’s short-term target in order to see the trend continue.

BTC/USDT 2-hour chart. Source: Trading View

Ripple (XRP) price analysis.

XRP The pattern can be described as a symmetrical triangle. A couple of lower highs and higher lows add up to the balance between buyers and sellers.

If the price breaks above the resistance line, bulls may extend their rally beyond $2.7 and $2.9. However, a break below the $1.9 support line could lead to a collapse of XRP to $1.41, which is the 61% Fibonacci zone.

XRP/USDT daily chart. Source: Trading View

With the price of XRP at the resistance line, bears must act quickly if they want to effect a trend change.

Binance coin (BNB) price analysis

BNB price Show a series of higher and lower highs. While the trend shows support at $641, the bears have little to no firepower.

BNB/USDT daily chart. Source: Trading View

On the short time frame, BNB has formed short-term support at $683, and the bulls appear ready to defend this support. If this support holds, BNB bulls could push for a retest of the December highs at $790

BNB/USDT hourly chart. Source: Trading View

Read more: Cryptocurrency Price Analysis – Solana (SOL), Ethereum (ETH), Toncoin (TON)

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