This week, we take a closer look at Ripple, Cardano, Binance Coin, Solana, and Polygon.

Ripple (XRP)

Ripple continues to surprise the market with its strength, considering that in the past week, most altcoins ended up in red. More so, XRP has managed to close in green with a 2.6% increase in price, making it the best performer on our list today.

This resilience has taken the price just under the key resistance at 53 cents. Volatility also increased this week, and buyers already attempted to break higher but were pushed back by bears.

Looking ahead, XRP seems well-positioned to break the key resistance since the momentum is firmly on the buyer’s side. The indicators on the daily timeframe are also bullish, and another push higher could turn the 53 cents level into support.

Cardano (ADA)

Cardano is the exact opposite of XRP. The price has made a lower low and closed the week with a 16% loss. This major crash could also be explained by the fact that the US SEC declared ADA security in the lawsuits against Binance and Coinbase.

Sentiment about Cardano is quite bearish at this time, and the price reflects this. For this reason, the cryptocurrency seems more likely to continue to fall toward the key support at 30 cents.

Looking ahead, buyers have to do their best to stop the assault from bears and reverse the downtrend at the key support. Any weakness is likely to translate into further losses for Cardano holders in the future.

Binance Coin (BNB)

With Binance sued by the US SEC, the price of its token, BNB, took a nosedive and closed the week with a 15% loss. This also pushed it to the key support at $250.

The current PA is bearish and has remained so for all week. However, the selling pressure appears to be fading as we approach the weekend. So long the key support at $250 holds, then buyers could try to turn around this situation.

Looking ahead, Binance Coin buyers should tr