$BNB Finally made it through! The downward channel that had been stagnant for two months has finally been broken, peaking at 903 dollars, which is a crucial position! Now the 4-hour level has turned bullish, and you can clearly feel the market getting lively — trading volume has soared to 2.16 billion dollars, and market capitalization has reached 124.1 billion dollars, with each low point higher than the last, clearly indicating that the bulls are starting to take charge.
After bottoming around 820 dollars, buying has surged as if madly pushing upwards, directly breaking through resistance levels, and the short-term trend has completely reversed. Now that the price is stable at a high level, it indicates that funds are continuously pouring in. Analysts say that this kind of reversal after selling pressure has dissipated is very likely to continue rising. At this rate, as long as the volume doesn't drop, reaching 920-950 dollars is just a matter of time, and in the long run, it could even reach 1020-1050 dollars. Historically, after such a breakthrough, it generally can rise another 20-25%, as long as 900 dollars holds, there might even be institutions joining in the excitement.
Looking at XRP, it has been very hot recently due to the ETF launch! The first day of Canaries Capital's XRPC spot ETF had a trading volume of 58 million dollars, with a net inflow of 245 million dollars, and in the first month, it attracted 644 million dollars, and institutions are quite supportive. Although since November it has been dragged down by the broader market, with market capitalization dropping by 14.63 billion dollars, leaving it at 137.1 billion dollars, the potential is indeed not small.
Let me do some calculations for you: Currently, the circulating supply of XRP is about 60 billion pieces, if the market cap rises by 1 trillion dollars, the total market cap would reach 1.137 trillion dollars, and the price could rise to 18.95 dollars, getting close to 19 dollars! This is not just a wild guess; Dr. Cat said that as long as the ratio of XRP to BTC meets the standards and BTC rises to 270,000 dollars, XRP could reach 19-32 dollars; Changelly even predicts it could reach 19.62 dollars by 2030. If it really reaches this price, XRP could rank 14th in global market capitalization, even surpassing giants like Berkshire and JPMorgan.