BTC, ETH, XRP and BNB Price Analysis for May 8

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BTC, ETH, XRP and BNB Price Analysis for May 8
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Which coin can bounce back earlier than others? Dave_Jonez_02 BNB Pain_Alive_BNB Binance_DEX BinanceResearch crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum

If the breakout of it happens, there is a high chance of seeing a further drop to the $25,000-$26,000 zone shortly.Ethereum is less of a loser than Bitcoin , going down by 3.58%.Ethereum is looking better than Bitcoin from the technical point of view on the daily time frame even though the bears' pressure remains relevant. If the drop continues to the interim mark of $1,800, the accumulated energy can be enough for a blast to $1,650-$1,700.The rate of XRP has declined by 5.

39% since yesterday.The price of XRP is trading near the support level at $0.4333. At the moment, traders should focus on the daily closure. If a false breakout happens, the bounce back may continue to the $0.44-$0.45 zone.Binance Coin is not an exception to the rule, falling by 2.57%.On the daily time frame, the rate of Binance Coin has once again tested the support level at $315.3. If the bar closes far from it, the correction may lead to growth to the $320 zone within the next few days.

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