Is Smart Money Leaving XRP and BNB? New Rival Emerges — ChowWow (CHOW)

Both XRP and BNB have seen significant losses, which begs questions about whether a comeback is feasible or if it is time to move on.

Smart money pulls out of XRP and BNB as both coins faced significant losses, which begs questions about whether a comeback is feasible or if it is time to move on. While BNB is down almost 11%, XRP has declined almost 31% this past month. Some analysts still see the potential for a bullish reversal.

A new rival is emerging meanwhile—ChowWow (CHOW). Thanks to the Solana blockchain this fast-growing meme coin presents play-to-earn games, staking rewards, and reduced transaction fees. Could ChowWow be the next major crypto success narrative?

This article will investigate XRP and BNB’s price challenges, analyst forecasts, and why ChowWow is attracting the attention of major investors.

XRP Faced Selling Pressure But Could Be Poised For A Rally

Over the past week, the XRP price has grown slightly. However overall it has showed great selling pressure recently by declining more than 18% in the past month. Before a bearish breakout brought the altcoin down to its monthly low of $1.92 earlier in March, the XRP price chart shows it was trading between $2.76 and $2.43 before the crash. XRP’s mini resurgence has brought it to $2.20-2.40 range.

Nevertheless, the XRP community is still optimistic since they think a good comeback is just around the corner. Analysts hope for a bullish reversal. STEPH IS CRYPTO is one well-known expert who has posted a chart analysis implying that, after this drop ends, the XRP price might spike to $6.

🚨 HUGE XRP PRICE PREDICTION 🚨

We're going to see a massive move in XRP after this final drop. As the dust settles, get ready for a surge to $6! ధీరో యువన్సహ

This is going to be huge for XRP holders and a testament to the resilience of the crypto community!

We're in for a wild ride. Are you ready to join me on this journey through the crypto markets? Follow me for more updates and analysis!

Like and retweet to share the crypto love!

#XRP */

— STEPH IS CRYPTO (@steph_crypto_) March 9, 2024

Although XRP is still 41% behind its all-time high (ATH), some speculate a retest of this level could occur this year. Technical signals are conflicting. Whereas the Momentum Oscillator and CCI keep showing selling pressure, the MACD and Moving Averages are displaying buy signals.

BNB Faced A Dip But Could Soon Hit New HighS

Over the past week, the BNB price pumped by more than 14%. The altcoin has traded between $545 and $645 according to the BNB price chart following a previously a bearish breakout which saw the price drop as low as $509. The past month has been challenging; the BNB coin dropped nearly 5.9% of its value. Still, the BNB community stays rather optimistic.

Many traders feel BNB still has great growth potential and that this dip is just temporary. Analysts hope for a bullish reversal soon. Crypto analyst Elja posted a chart last month implying that, after this decline finishes, the BNB price could climb above $1,000.

We're going to see a massive move in BNB after this final drop. As the dust settles, get ready for a surge above $1000! This is going to be huge for BNB holders and a testament to the resilience of the crypto community! We're in for a wild ride. Are you ready to join me on this journey through the crypto markets? Follow me for more updates and analysis. Like and retweet to share the crypto love! #BNB */