XRP, Binance Coin and Dogecoin Price Analysis: 09 August

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As soon as Bitcoin started to trade in the green after it recovered and touched $45,605, altcoins climbed up on their charts. XRP headed up north to touch the $0.823 resistance level, BNB rose by 1.5% and finally, Dogecoin bounced back from its $0.239 support level and moved close to the $0.267 price ceiling.

XRP

XRP/USD ^[1], TradingView

At $0.815, XRP ^[2] accounted for 0.5% retracement, within the hour, at press time. Over the last 24 hours, the coin lost 6% of its value, however, it showed signs of recovery. The closest resistance that the coin might try to test for the second time in two days is at $0.823.

Technical readings pointed to signs of recovery because buying strength shot up since the Relative Strength Index was headed towards the 70-mark. Chaikin Money Flow simultaneously went above the 0.20 mark implying a pick up in capital inflows over outflows.

Conversely, Awesome Oscillator still flashed increased bearish pressure in the market since red signal bars were visible at press time.

Binance Coin (BNB)

BNB/USD ^[3], TradingView

Binance Coin ^[4] also registered recovery on its charts over the last 24 hours. The coin was priced at $355 and it rose by 1.5% at press time. The uptrend in prices would mean that BNB could test the $358 level over

XRP, Binance Coin and Dogecoin Price Analysis: 09 August

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