BNB Price Skyrockets to New ATH, Flips XRP – Can Bulls Maintain Control?

BNB just made headlines by smashing a fresh all-time high yesterday, notching a peak at $1,336.57. And solidifying its place as the 3rd-largest cryptocurrency by market cap. The move saw BNB flipping XRP, a moment that electrified the market. With a 4.85% jump in a single day and a massive 29.32% gain in just seven days, BNB’s momentum right now is impossible to ignore. The question on everyone’s mind is: what’s driving this rally, and can it last? Join me as I answer the same.

What’s Fueling This Surge?

First, BNB has outrun XRP in market cap, a psychological milestone that’s drawn waves of speculative and institutional buying. Notably, whale wallets and Nasdaq-linked firms have increased their holdings, betting big on the upcoming ETF narrative and BNB’s expanding ecosystem. Add to that the rally’s context: BNB defied a -2.11% drop in the overall crypto market. Thereby, it outpaces competitors and highlights its relative strength.

BNB Price Analysis:

BNB price today has delivered an exceptional performance, closing at $1,307.35 after bouncing between $1,241.68 and the new ATH of $1,336.57. What stands out is the sharp uptick in market cap, now at $181.67 billion. The explosive trading volume, doubling to $12.02 billion, is a robust sign of renewed market interest.

From a technical perspective, the breakout above the critical Fib 23.6% retracement level at $1,226.90 and the short-term pivot point at $1,285.35 signals a bullish shift in sentiment. The MACD histogram reading of +24.24 confirms strong buying momentum. While immediate resistance looms at $1,462. However, the RSI-14 stands at 78.59, deep in overbought territory. Still, key support sits at $1,226, offering a reliable floor if BNB’s rally needs room to consolidate.

Looking ahead, if the BNB price can close above the record $1,336.57, the next upside target sits at $1,462, and a break above this could open the door to $1,624. Caution is warranted, as any dip below $1,226 could see a sharper cooldown. Regulatory issues, including recent PancakeSwap hack concerns, and the next Binance coin burn update due for late October, could inject volatility into the mix.

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