As the cryptocurrency market enters the month of August, the sector seems to be displaying a healing stance. With Bitcoin hitting the $70K mark again, the altcoins are also responding well to the change. Two leading cryptocurrency tokens, XRP (Ripple) and Binance Coin (BNB), are also adopting a compelling price path this August. Let’s explore how high or low these coins can trade this month.
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Ripple (XRP) and Binance Coin (BNB) Prediction, August 2024
Ripple XRP August Price Path
Ripple (XRP) crypto is also trending lately, with Ripple busy forging global collaborations. With the US SEC case inching towards its end, the final verdict is dubbed the last straw that can either make or break the XRP token.
For August 2024, Ripple (XRP) is currently trading at $0.6414, with prospects of the token claiming a new price high soon. According to CoinCodex, the token is now heading towards claiming the $0.79 price mark by the end of August. If XRP is successfully able to cross the critical price juncture, it can adapt to a healthy price pace, which can help it claim the coveted price target of $1.
“According to our current XRP price prediction, the price of XRP is predicted to rise by 21.06% and reach $0.790636 by August 30, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 61 (greed). XRP recorded 21/30 (70%) green days with 13.57% price volatility over the last 30 days.”
Binance Coin (BNB) Price Path: August 2024
Binance Coin is one of the most popular cryptocurrency tokens among the masses. Despite being embroiled in a fair share of controversies, BNB continues to show an impeccable price pace and is undeterred by external price erosion forces. BNB is currently trading at $585 and has risen to 2% in the last month.
According to CoinCodex, BNB is adapting a rather aggressive price path this August. Per the portal, the token is amping up its game by surging by nearly 19% in the process. BNB may claim a new high this August by trading at a price threshold of $699.
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“According to our current Binance Coin price prediction, the price of Binance Coin is predicted to rise by 19.51% and reach $699.56 by August 30, 2024. Per our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 61 (greed). Binance Coin recorded 17/30 (57%) green days with 5.64% price volatility over the last 30 days.”
