The bulls are back in control as the crypto market has been on the rise lately. Lately, the king coin is stable with very little price movement while the altcoins are hitting various milestones. The Ripple token and Binance coin are some of the alts that impressed traders.
Ripple token surges to its highest since May. The price hike comes to as the XRP/USD pair experienced increased trading volume as the intraday session was over. The intraday trading session reminded traders of a time when the Ripple token had many in a FOMO frenzy when the coin rose as high as $0.9 in the early parts of April.
Once the buyers started to FOMO, it played to the advantage of XRP as many investors rode the bullish wave; taking the to almost hitting $2. One significant thing about the price movement of the sixth coin by market cap during that time is the breaks it took as it was on the rise.
It lost up to 10% in one day, leading some to conclude that the market rally was over while a larger number of investors helped the ripple token stage a comeback the next day. As soon as the comeback started, XRP was bullish through the next five days.
We may see a repeat of the previous event during the next bull run but this time, XRP will hit $2. As of the time of writing, ripple token is trading at $1.01.
The Binance coin is also another thrilling product as it surges to $407. As of the time of writing, BNB experienced a 5% increase that ensured the BNB/USD pair attain this height. The now third largest coin by market cap had a 20% increase in its trading volume during the last 24 hours.
As of the time of writing, the Binance token now has a 30 day high of $407. Price correction looms as BNB is expected to decrease in value in the next 24 hours.
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