Cryptocurrency Valuation Overview for June 2020: Examining XRP, ADA, BNB, SOL, and HYPE

This week, Ripple (XRP) saw a slight 1% gain, maintaining a flat price action with resistance at $2.3 limiting any potential uptrend. Cardano (ADA) lost key support at $0.64 and decreased by 6%, with an overall bearish momentum. Binance Coin (BNB) experienced a 1% loss after failing to break the $692 resistance. Solana’s (SOL) price is on a downtrend after being rejected at the $186 resistance, and Hype (HYPE) saw a 10% drop this week, breaking its uptrend at $39.

Overall, the market is showing mixed signals with XRP likely to stay around $2, ADA struggling to find new support, BNB hovering above $600, SOL potentially moving towards $130, and HYPE potentially finding a bottom around $30 or $28.