🔥 2 Altcoins That Could Hit All-Time Highs in The Final Week Of August

While the crypto market was shaky this past week, the coming week could improve, provided the macro financial market conditions shift to bullish. This could push some crucial altcoins on the path to a new ATH.

🔸 $BNB

BNB is currently trading at $854, just below the $855 support level. The altcoin has declined from its all-time high (ATH) of $900, currently standing 5.4% below that peak. Despite the pullback, there is potential for a recovery if certain support levels hold firm.

For BNB to regain its momentum and possibly reach its ATH, the key support level at $855 must hold. If BNB holders choose not to sell, the price could secure this floor and start pushing higher. This would provide a solid base for the altcoin to target the $900 range once again.

However, if investors decide to sell and take profits, BNB risks slipping through its current support at $823. A drop below this level would likely invalidate the bullish thesis, leading to further downside potential and a shift toward more bearish market sentiment for BNB.

🔸 $XRP

XRP is currently priced at $2.94, just below the critical support of $2.95. The past week has been volatile, with XRP failing to breach the $3.07 resistance, leading to a price decline. This setback has left the altcoin struggling to gain upward momentum amidst broader market turbulence.

The recent drop has pushed XRP below the 50-day EMA, indicating potential short-term weakness. This bearish trend suggests that XRP could face further declines, possibly falling to the $2.74 support level. Traders are cautious, watching for signs of stabilization before considering potential recovery opportunities for the token.

However, if XRP can successfully secure the $2.95 support level, a bullish reversal could be in play. A sustained hold above this zone may enable XRP to break through $3.07, aiming for a rise above $3.12. This is necessary for XRP to eventually post a 24.49% rise towards the ATH of $3.66.

#XRP # BNB

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