Is smart money leaving XRP and BNB?

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

The cryptocurrency market has seen a shift in recent times, with major coins facing selling pressure and new rivals emerging. While XRP and BNB have seen significant losses, which begs questions about whether a comeback is feasible or if it is time to move on.

Both XRP and BNB have encountered challenges in the past month. XRP, in particular, has declined almost 31%, and some analysts still see the potential for a bullish reversal.

On the other hand, a new contender has entered the arena—ChowWow ($CHOW). Leveraging 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 delves into the challenges faced by XRP and BNB, the optimism expressed by analysts, and why ChowWow is garnering the attention of major investors.

XRP Faces 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 dropping more than 18% in the past month.

The XRP price chart shows it was trading between $2.76 and $2.43 before the crash, before a bearish breakout brought the altcoin down to its monthly low of $1.92 earlier in March.

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.

Many traders are hoping for a bullish reversal of the XRP price. STEPH IS CRYPTO is one well-known expert who has posted a chart analysis implying that the XRP price might spike to $6 once this drop ends.

🚨XRP Massive Breakout Incoming🚨

XRP is about to breakout of the wedge and skyrocket to $6. A valid target is the 1.618 Fibonacci extension at $9 but XRP could go even higher.

Massive buying pressure is building. Don't miss out on this opportunity to join the bull run and get rich together.

Join the conversation and let's discuss. 👇 pic.github.com/5M0191gP0I

— STEPH IS CRYPTO (@steph_crypto_) March 14, 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 also mixed. Whereas the Momentum Oscillator and CCI keep showing selling pressure, the MACD and Moving Averages are displaying buy signals.

BNB Faces A Dip But Could Soon Hit New Highs

The BNB price has increased by more than 14% over the past week. 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 of the BNB price soon.

Crypto analyst Elja posted a chart last month implying that, after this decline finishes, the BNB price could climb above $1,000.

Still holds true.

Expecting a final lower low around $400-450 before we see a massive 2024 BNB bull run to $1k+.

Don't miss out on this opportunity to join the bull run and get rich together.

Join the conversation and let's discuss. 👇 https://t.co/6qP3277KzU pic.github.com/86t7zN6Q9v

— Elja (@crypto_elja) February 20, 2024

Though BNB is now 20% behind its all-time high (ATH), some speculate a retest of this price point may occur this H1. Whereas the Momentum Oscillator still indicates selling pressure, the MACD and Moving Averages are displaying purchase signals. A strong bullish sentiment makes BNB still one of the top altcoins to keep an eye on in the coming months.

Chow Wow ($CHOW) Could Be The Next Major Crypto Success Story

To build a strong environment for crypto users, ChowWow mixes staking, collectibles, and play-to-earn gaming. Designed on the Solana Blockchain, ChowWow presents lower fees and faster transactions than conventional Ethereum-based memecoins. For every user, this makes it reasonably priced, scalable, and efficient.

Features including airdrops, staking incentives, and in-game revenue make the ChowWow token meant to benefit the community. With its gaming