Cryptocurrencies demonstrated mixed performance on Thursday, with most tokens consolidating after the latest rallies.
As enthusiasts wait for the next leg up, let us check how the top ten assets are performing, with a focus on Binance Coin, Ripple’s XRP, and Solana.
Binance Coin is ready to lead bull rallies
BNB trades at $655 after gaining 0.66% and over 5% in the past day and week.
Despite the limited price movements, Binance Coin seems ripe for massive gains amid magnified ecosystem activity.
BNB Wallet saw around 4.3 million new users join within a week, pushing its 7-day crypto swap market dominance to 93%.
Moreover, Dune Analytics stats indicated that BNB Wallet handled more than $3 billion in swap volume in the last seven days.
Furthermore, details show that the BNB Chain flourished in DEX volumes.
It is experiencing the highest figures since February, outshining Ethereum on the daily and weekly timeframes.
Such a trend positions the native token BNB for remarkable long-term rallies.
BNB retreated after hitting the supply region at $690 – $720.
Nonetheless, it secured a reliable support barrier between $640 – $645.
The prevailing market structure signals range-bound actions for BNB.
The altcoin could oscillate between $600 and $720 (in the near term).
That could welcome massive breakouts from a 2-year price channel.
Such a tendency might propel Binance’s token to ATHs of $900, before exploring price targets above $1K.
XRP poised for long-term growth
Ripple’s XRP is among the most watched altcoins this cycle, possibly due to its regulatory battles and the shifted SEC leadership.
While XRP trades at $2.46 after solid rallies the previous week, popular analyst STEPH IS CRYPTO anticipates explosive gains in the coming 3 to 6 months.
He highlighted a symmetrical triangle setup, which has been forming since late 2024, on the weekly chart.
#XRP will absolutely explode.
The next 3-6 months will be insane!
Meanwhile, the latest candlestick breached the pattern’s upper trendline, signaling potential rallies.
Bulls will aim the support-turned-resistance at $2.60 to clear the path to $3.
Surged volumes amidst broad-based rallies could trigger breakouts to $4 and the long-term target of $5.50.
That would mean an approximately 120% surge from XRP’s current price.
However, failure to reclaim $2.60 could trigger consolidations and short-term corrections.
Failed breakouts and intensified selling pressure might call for the solid support zone at $1.60.
Solana’s outlook
SOL hovers at $173 after climbing from weekly lows of around $160 and plummeting from yesterday’s high at $184.
Meanwhile, the altcoin hovers at the vital resistance of $174, which appears to delay an anticipated bullish rally.
Thus, Solana could witness short-term declines before resuming its upward journey.
Analyst Rami Scalps posted a chart showing an emerging classic Elliott Wave Structure, which shows the market is in wave 4.
The structure suggests more declines to complete wave 5 before possible upside reversals.
Failure to overcome the $174 resistance (1.618 FIB extension) could trigger plunges to the support barrier at $168.
Solana could drop to the crucial demand zone of $164 – $162 to hit the wave 5 target.
Meanwhile, the $164 – $162 region could offer a lucrative entry point for long setups, especially as Solana eyes new all-time highs this year.
The post Large-cap altcoins update: BNB eyes $900, XRP set to explode, SOL at key juncture appeared first on Invezz
https://invezz.com/news/2025/05/15/large-cap-altcoins-update-bnb-eyes-900-xrp-set-to-explode-sol-at-key-juncture/
