Ripple (XRP) and Binance (BNB) Report Being in Bearish Trade

Sahaj  |  Sep 11, 2021

As reported by the leading market data aggregators, Ripple (XRP) has been trading at $1.07 recently, with Binance (BNB) trading at just above $399, marking a bearish trade cycle. Ripple is reportedly down by over 11.8% on the day and marked its largest one-day loss since September 7. Talking about Binance Coin, the indications are bearish after the market denied the level of $408 to its native token, BNB.

Ripple (XRP) Marks Highest One-day loss Since September 7

The recent slip in the price of Ripple (XRP) has resulted in the downfall of the market valuation of the cryptocurrency and pushed it down to the level of $49.7B. It should be noted that the highest market capitalization recorded for the cryptocurrency stood at $83.33 Billion. 

Discussing the price movements of the past 24 hours, the native token of Ripple has been changing hands in the range of $1.053 to $1.071, and it is around 17.01% down in the last week.

At the time of writing this article, Ripple (XRP) is down by over 67.46% from its ATH. It recorded an all-time high price of $3.29, which is made on January 4, 2018.

Binance (BNB) Showing Bearish Signs

It can be witnessed by the price actions and chart of BNB/USDT that the bulls have now rested and the further pushing of the coin has somewhat stopped. 

Though the entire crypto market is showing bearish signals over the last 24 hours. In accordance with the leading market data aggregators, Ethereum plunged over 6%, and on the other side, LUNA came out as the best performing altcoin of the day after surging around 25% overnight. 

The native token of Binance Coin, BNB, has been trading in the range of $399 to $408.34.

As the market has failed to break out of a supply zone between $400 to $10, the price analysis of Binance is bearish for today.

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