BNB vs XRP: Here’s How Traders Are Playing These Markets

After several weeks of parallel trading, the gap with the fourth-largest cryptocurrency by market capitalization is narrowing. BNB currently outperforms XRP by a difference of $500 million. In the volatile world of cryptocurrencies, that difference can disappear in a matter of hours.

In Myriad, decryptionTraders are essentially calling this a coin toss, as BNB’s parent company Dastan is on the BNB chain, with odds flipping several times in the last 48 hours, with BNB now favored by 55% to maintain its ranking until November 2nd.

Bitcoin currently trades at around $107,000 and has fallen significantly since hitting an all-time high of over $125,000 in early October, while traditional markets hit new highs. This creates a complex risk environment that puts altcoins (virtual currencies other than Bitcoin) under pressure. Currently, more than 90% of all altcoins in the top 100 coins by market cap are in the red zone.

But which one is more valuable in the short term? Here’s what the chart says. Below is a chart showing the market capitalization of BNB and XRP over time.

Overall, both coins are bearish at the moment. The comparative market cap chart shows that XRP (blue) is testing a downtrend line from above, and although it is still above the key horizontal support, the trajectory is clearly negative. Volume is decreasing during a decline, which is often a precursor to a rebound or capitulation.

On the other hand, BNB (yellow) is also undergoing correction, but the trend is weakening. This is important on shorter time frames as both episodes of FUD and FOMO have more impact than on longer time frames, giving the price time to adjust back to its normal course.

XRP price: strong bearish momentum continues

XRP started today at $2.55 and traded at $2.45, down 4%, with a low of $2.42. This is a steeper decline than BNB’s 3.4% decline, and this relative weakness is important if it is looking to protect its narrow market cap lead.

XRP’s relative strength index (RSI) is 42.96. RSI measures whether an asset is overbought (above 70) or oversold (below 30). This neutral-to-bearish number near 43 suggests that traders are a little nervous about XRP, but not enough to abandon the coin without thinking twice.

At 36.83, XRP’s Average Directionality Index (ADX) is even more difficult to interpret. ADX measures the strength of a trend regardless of direction, and a reading above 25 confirms that a strong trend exists. Traders usually interpret ADX above 35 as strong action, but in this case, after a big spike, the reading has declined and is returning to normal. Still, it will be difficult for traders to ignore the fact that the current direction is negative and ADX is very high, which is not ideal for bulls.

BNB price: weak but likely to stabilize

BNB’s chart tells a different story. Basically, it is bullish in the long term and bearish in the short term. The token started at $1,107.76 and is currently trading at $1,063, down more than 3% with a low of $1,062. It is noteworthy that the decline rate is smaller compared to XRP, especially considering BNB’s recent technological regime.

BNB’s RSI is 46.17, which is roughly the same as XRP’s neutral position. However, a decisive difference appears in the ADX measurements. That’s only 17.86, well below the 25 standard that confirms the existence of a real trend. Traders view ADX below 20 as a “weak move” and the market lacks commitment from major players. It’s like a car engine idling in neutral. There is movement, but no power in either direction.

This weak ADX actually works in favor of BNB in ​​this particular scenario. While XRP is trending down with conviction, BNB is just… floating. There are no strong sellers, but there are also no strong buyers. In a market where both assets are under pressure, an asset that is floating aimlessly is likely to hold up better than an asset that has strong bearish momentum.

BNB was able to fall below the $147 billion market cap support level and rise slightly above that line. The token has been experiencing a decline in volume since the second half of the month and appears to be in a compression phase.

BNB is testing important support near $1,050, where buyers intervened earlier. If this support holds, BNB could stabilize while XRP continues its strong downtrend.

BNB vs XRP: The race is closer than expected

Both altcoins are under pressure, and given the short duration of the Myriad market, the question seems to be which one will decline less over the next three days.

Technical evidence suggests that the decline in XRP could be more steep, which could give BNB a slight edge over the next 72 hours.

The difference in ADX (36.83 vs. 17.86) is a 19 point difference in trend strength. There is confidence in XRP’s downtrend, as evidenced by the fact that the decline has already been steeper (3.65% vs. 2.51%). BNB’s ADX weakness suggests that BNB could stay sideways or fall slowly rather than plummeting.

As always, unexpected events, bullish or bearish triggers, can change the situation dramatically and quickly. But for now, the charts speak for themselves.