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<p>The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/crypto-market-prediction-ada-xrp-and-bnb-price-expected-to-decline-soon/">Altcoin Market Shake-Up: ADA, XRP, and BNB Price Expected to Crash Soon</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Cryptocurrency analyst Nicholas Merten, known for his DataDash channel, is expressing caution about the future of three prominent altcoins: ADA, XRP, and BNB. Recent developments in the altcoin market have raised concerns, and Merten offers his insights on what might be causing this vulnerability.</p> 
<p> Delve in to know the analyst’s take on the price action of your favorite altcoin in the coming week.&nbsp;&nbsp;</p> 
<h2 class="wp-block-heading" id="binance-coin-bnb-takes-a-tumble">Binance Coin (BNB) Takes A Tumble </h2> 
<p>Nicholas Merten’s analysis suggests that <a href="https://coinpedia.org/price-prediction/bnb-binance-coin-price-prediction/">Binance Coin (BNB)</a> could face a significant decline, potentially exceeding a 38% drop from its current value. This projection is based on BNB’s recent dip below two critical long-term support levels. Over the past few months, BNB has struggled to breach the $350 mark in 2023, leading to a sharp reversal that brought its price down to approximately $200. This price movement is visually represented as a falling wedge pattern on the one-day chart.</p> 
<p>The concerning aspect is that BNB is now challenging the support trendline of this falling wedge pattern. Currently trading at $211.25, it has shown a 1.4% increase in the past 24 hours.</p> 
<h2 class="wp-block-heading" id="ripple-xrp-faces-sell-pressure">Ripple (XRP) Faces Sell Pressure </h2> 
<p>Nicholas Merten predicts short-term pressure on the <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/">XRP price</a>, with the potential for a substantial 70% drop due to a significant sell-off. Recent technical indicators, such as the “death cross” between the 50 and 200 <a href="https://coinpedia.org/traders/guide-on-moving-averages-technical-analysis/">Moving Averages (MAs)</a> on the weekly charts, suggest a bearish sentiment in the short term. </p> 
<p>Also, Merten advises potential XRP investors to exercise caution and wait for a support level test at $0.15 before considering it as a speculative asset. As of now, XRP is trading at $0.50, with a slight 0.4% increase in the last 24 hours.</p> 
<p>Read More: <a href="https://coinpedia.org/price-analysis/xrp-price-analysis-daily-death-cross-signals-potential-43-cent-drop/">XRP Death Cross: End of the Bull Run or a Buying Opportunity?</a></p> 
<h2 class="wp-block-heading" id="h-cardano-ada-to-dip-low"><strong>Cardano (ADA) </strong>to Dip Low</h2> 
<p>In the case of <a href="https://coinpedia.org/price-prediction/cardano-price-prediction/">Cardano (ADA)</a>, Merten foresees a drop of more than 37% from its current value. Despite some optimism regarding the formation of a potential triple-bottom pattern, the analyst highlights consistent resistance and weakening relative highs over time, indicating a potential decline to $0.15.</p> 
<h2 class="wp-block-heading" id="ethereum-eth-is-struggling-too">Ethereum (ETH) is Struggling Too!</h2> 
<p><a href="https://coinpedia.org/information/market-price-prediction-ethereum-2019/">Ethereum (ETH)</a> is also facing challenges, having been locked in a bearish cycle since April 2023 and struggling to maintain support above $2,000. Currently trading at $1,588, ETH has found some stability around the $1,425 mark after grappling with the $1,500 level.</p> 
<p>According to Merten, there may be a brief downturn in September, but he anticipates potential adoption to take place in October if all goes according to plan.</p> 
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Altcoin Market Shake-Up: ADA, XRP, and BNB Price Expected to Crash Soon

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