binancetournament

💰 SHARE 400 BNB! Massive Trading Festival is LIVE 🚀
📅 Event: Spot Altcoin Trading Festival
⏰ Ends: June 10, 2026Binance has just launched a massive trading tournament!
If you trade actively, you are eligible to share a huge 400 BNB prize pool!
🏆 Reward Structure:
RankPrize (BNB)
1st 20 BNB
2nd 16 BNB
3rd 12 BNB......
All EligibleShare 80 BNB
How to Join:Register on the activity page.Trade eligible Spot Altcoin pairs.
Climb the leaderboard by volume!Don't miss out on free BNB just for trading what you usually trade!
👇Hit follow for more earning alerts! 💸
#BinanceTournament #bnb #cryptoearning #TradingFestival #TrendingTopic $BNB

#GOATMoments Ripple’s XRP price increased massively on July 13, reaching a new yearly high of $0.938. This was the highest price reached since April 2022.
The increase was likely fueled by positive news regarding the Ripple vs SEC case. On Thursday, major exchanges such as Coinbase and Kraken re-listed XRP.
This occurred after Judge Analisa Torres announced that Ripple’s sale of its token on public exchanges did not violate securities laws.
However, the legal battle is not over yet, since the same judge also stated that the company contravened federal law when selling XRP directly to investors. So, Ripple is still on the hook for nearly $729 million in sales.
The XRP price has not reached $1 yet. Will it do so in the near future? Read below to find out.
Ripple Doubles in Value in a Single Day
The XRP price has traded below a descending resistance line since March 29. The line caused numerous rejections, the most recent on June 22.
However, on July 13, the XRP price increased by 100%, breaking out from the resistance line and reaching a new yearly high of $0.95 in the process. As outlined above, the breakout was aided by the positive verdict in the Ripple vs. #SEC case, which most of the crypto community lauded. This confirmed that the correction is complete.
The price fell slightly afterward and is now trading below the $0.87 horizontal area, which provides resistance.
#XRP/USDT Daily Chart. Source: TradingView
In any case, the daily RSI supports the continuing increase. Traders utilize the RSI as a momentum indicator to assess whether a market is overbought or oversold and to determine whether to accumulate or sell an asset.
If the RSI reading is above 50 and the trend is upward, bulls still have an advantage, but if the reading is below 50, the opposite is true. The RSI is increasing and is above 50, both signs of a bullish trend.
However, it is worth mentioning that the daily RSI is in extremely overbought territory, which could lead to a temporary drop and reset before the resumption of the increase.
Can XRP Price Reach a New All-Time High?
Similarly to the daily time frame, the weekly outlook for the XRP price also shows a bullish development. The price has broken out from a long-term descending resistance line that had been in place for 700 days. This supports the legitimacy of the breakout from the shorter-term daily time frame.
Also, the weekly RSI supports the legitimacy of the breakout since it is above 50 and increasing.
As outlined prior, the XRP price currently trades below the $0.87 horizontal area. While this is more than 250% below the all-time high of $3.30. However, it is worth mentioning that if the price manages to clear this level, the only other resistance before the all-time high will be at $1.70.
As a result, it would be possible for the price to quickly increase towards it if it manages to close above $0.87 in the weekly time frame.
XRP/USD Weekly Chart. Source: TradingView
However, despite this bullish #XRP price prediction, failure to close above the $0.87 resistance area can lead to a significant retracement. If that occurs, the $XRP price could fall to the next closest support at $0.55.@wisegbeve#BinanceTournament

Even though the past month was filled with fear, uncertainty, and doubt (commonly referred to as FUD) due to regulatory scrutiny from the United States SEC, it appears that the sentiment around the cryptocurrency market is becoming more positive.
In this line, an anonymous whale shows solid support for Ethereum (ETH) as it seems to be accumulating over $125 million of the digital asset since June 8, according to on-chain data reported by Lookonchain.
Since June 8, 2023, the Ethereum whale’s address “0x882…49732” has withdrawn a total of 64,400 ETH ($125M) from exchanges and then staked 36,640 ETH ($71M), accounting for a 57% of the total transaction. Notably, the most recent withdrawal was made this Friday (14), for a 7,300 ETH ($14M).
The withdrawals took place in the last 44 days, as follows — according to data from the Ethereum blockchain on etherscan:
20,000 ETH on June 8;6,500 ETH on June 23;8,100 ETH on June 27;15,500 ETH on June 30;7,000 ETH on July 13;7,300 ETH on July 14.
Why it’s important?
These big transactions are important because a whale is usually known for owning a wallet address with high balances of a specific cryptocurrency, whose actions could directly impact the coin’s price or form general sentiment around the digital asset.
By staking the majority of such a valuable sequence of withdrawals, this anonymous whale is sending a clear message that, potentially, there are no plans to sell ETH soon, which is a solid sign of support for the Ethereum network as a whole.
Notably, to become a validator and generate yield, the user needs to invest (or stake) a minimum of 32 ETH, which then are locked into a smart contract. Later, validators are monetarily rewarded for their stake and participation.
As of the time of writing, ETH is being traded for $1,941, according to CoinMarketCap’s price index.
Ethereum ($ETH ) price chart from June 8 to July 15. Source: CoinMarketCap
Market pivots after a tough month
The first days of the last month (June) were filled with negative sentiments due to the SEC’s lawsuits against two of the biggest crypto exchanges in the United States: #Binance and Coinbase.
However, the cryptocurrency market pivoted on Thursday (13th) after an apparently calm week start from Monday to Wednesday. A court decision on the #SEC vs. Ripple lawsuit triggered a sentiment change for all #crypto assets.
As a result, most altcoins surged as Bitcoin Dominance fell below 50% of the entire market’s capitalization after weeks of #BTC receiving all the protagonism on price performance versus its competitors.#BinanceTournament

#GOATMoments Chinese crypto journalist and blogger Colin Wu has tweeted that over the last 24 hours, after XRP plunged by 13%, traders began to liquidate their positions. Ultimately, the XRP fall extended to approximately 17%. He shared data provided by CoinGlass.
As they began to close positions, a total of $218 million worth of #crypto liquidations and sharp price falls of such major altcoins as ADA, LTC, $XLM , MKR, FTM, BSV were registered.
Among these liquidations, $160 million constituted long positions in those coins.
XLM has fallen by 13.5% in the last 24 hours; XRP has fallen by 13% in the last 24 hours; $ADA FTM BSV LTC MKR has also fallen sharply; the amount of liquidation in 24 hours reached 218 million US dollars, and 160 million US dollars was long liquidation. https://t.co/YQ6p9AZeYG— Wu Blockchain (WuBlockchain) July 15, 2023
XRP price peaked by roughly 100% after judge Analisa Torres announced a verdict, stating that XRP is not a security as the #SEC insisted.
The court ruled that the XRP sold by Ripple to financial institutions directly are to be classified as securities. However, programmatic sales and other sales made by Ripple are not. Now, the community is pondering whether Ripple's ODL sales and $XRP releases from escrow are securities as well or they are not.
Ripple CTO David Schwartz responded to that question on Twitter, saying that Ripple's legal team is looking into that issue now.
By now, the price of #XRP has recovered nearly 6%, trading at $0.72193.@wisegbeve#BinanceTournament

#GOATMoments XRP price has been trading around $0.80 for the past week, having retreated before hitting the $1 level.Ripple’s win against the SEC remains a huge catalyst and several indicators suggest a new leg is likely.If price breaks out amid new upside catalysts, it could be a big move for XRP.
XRP’s explosive gain on the day Ripple scored a big one against the US Securities and Exchange Commission (SEC) did not help bulls cross the psychologically important $1 level. And with ranged trading amid a flip in the Fear & Greed Index this week, the struggle beneath $0.80 has hinted at a slight frustration across the XRP market.
What’s the XRP outlook?
A weekly chart showing XRP/USD price performance. Source: TradingView
XRP’s pullback below $0.80 (XRP/USD traded to highs above $0.93 last week) has come even as open interest in futures contracts continued to hover at its highest level since November 2021. According to OI data from Coinglass, that metric soared to $1.19 billion on Thursday July 20.
Rising open interest is indicative of inflows into the XRP futures contracts and typically confirms the recent trend’s strength.
The XRP market has also been on a tear in terms of the global spot trading volumes. On-chain data showed XRP volumes, buoyed by massive interest in South Korea, topped that of Bitcoin.
This is the largest volume on XRP measured in the last 1,5 years.INSANE! pic.twitter.com/paNyPJsCXm— Crypto Rover (@rovercrc) July 13, 2023
Positive sentiment has also been infused into the $XRP market by recent developments around adoption of Ripple technology. After the partial win against the #SEC , reports emerged that the US-based blockchain company was looking to recapture the interest of major financial players in its cross-border payments and remittances technology.
Ripple also made a major splash this week, committing to a $54 million investment in Futureverse, an artificial intelligence and metaverse-focused project. With more upside catalysts across the #crypto market, it is possible #XRP price could cap a great month with a burst above the key resistance level.
However, while a move higher is a more likely scenario given the highlighted factors, a negative flip in sentiment with prices still near current levels could risk a bearish retest. The primary support level below $0.70 is around $0.50.#BinanceTournament

#crypto2023 The Solana (SOL) price has fallen since a high of $28.34 in July, validating the $27 area as resistance.
While most readings are bearish, the price trades inside a corrective pattern. Thus, a breakout from it can trigger a sharp increase.
Solana Price Falls After Rejection From $27 Level
The technical analysis for the weekly time frame shows that the SOL price broke out from a descending resistance line in July. Before the breakout, the line had been in place for 609 days, sloping the decrease since the all-time high price of $260.
While Solana was expected to increase significantly after the breakout, the price stalled at the $27 horizontal resistance level. The price initially moved above it but then created a long upper wick and fell below the area. This is a bearish sign that puts the validity of the breakout in doubt. Additionally, it confirms that the $27 area will act as resistance again.
SOL/USDT Weekly Chart. Source: TradingView
If the decrease continues, the descending resistance line will be at $15.50, 28% below the current price. It is common after breakouts that the price returns to validate it as support.
Empower your investments with SOL price predictions.
Despite the breakout, the weekly Relative Strength Index (RSI) is bearish. With the RSI as a momentum indicator, traders can determine whether a market is overbought or oversold and decide whether to accumulate or sell an asset.
Bulls have an advantage if the RSI reading is above 50 and the trend is upward, but if the reading is below 50, the opposite is true.
The indicator moved above 50 shortly after the breakout (red circle) but is now unlikely to decrease below. This further supports the possibility that the breakout was illegitimate and that new lows will follow.
As for new developments in the Solana network, Solana launched a new application that rewards Artificial Intelligence (AI) data providers with #crypto .
Check Out the Best Upcoming Airdrops in 2023
SOL Price Prediction: Is Bounce the Beginning of a Reversal?
While the weekly timeframe technical analysis is neutral, the daily trend displays sentiment leaning on bearish. The main reason for this is the deviation above the $27 resistance area and the subsequent decrease below it.
However, the price has traded inside a descending parallel channel since then. These channels usually contain corrective movements. Therefore, it is possible that the price will break out from it. If so, it will also be expected to clear the $27 resistance area.
If that occurs, a 115% increase to the next resistance at $46 will likely be the future price scenario.
However, it is also possible that the price will continue decreasing inside the channel until it reaches a long-term ascending support line that has been in place since the beginning of the year. If that happens, the price will likely reach the support line at $18 sometime in September.
SOL/USDT 12-Hour Chart. Source: TradingView
To conclude, the $SOL price prediction will likely be determined by whether the price breaks out from its current descending parallel channel or breaks down below it instead. A breakout could trigger a 115% increase, while a breakdown will likely mean that a new yearly low will follow.#BinanceTournament #BTC #bitcoin