BNB Price Forecast: Binance Coin May Reach $700 in February

BNB (BNB) is compressing inside a bullish reversal structure that could open the path toward $700 if confirmed.

BNB Falling Wedge Signals 10%–15% Boom

XRP’s price action now shows a classic falling wedge formation, defined by two converging downward-sloping trendlines.

This structure often appears late in corrective phases and tends to signal weakening bearish momentum as sellers gradually lose control. The Relative Strength Index has rebounded from near-oversold levels, suggesting downside pressure is fading.

A decisive move above the wedge’s upper boundary would invalidate the sequence of lower highs and could trigger follow-through buying.

In that scenario, the $680–$700 region emerges as the next technical target, aligning with prior breakdown levels and horizontal resistance.

Conversely, failure to break higher would keep the broader corrective structure intact and expose the $580 support zone near the wedge base.

XRP Liquidation Cluster Reiterates Bull Price Target

Derivatives positioning reinforces the $680–$700 target.

Binance’s one-week liquidation heatmap shows the largest concentration of leveraged short positions clustered in that region. These dense liquidity bands often function as “magnets,” drawing price toward them as the market seeks to trigger stop-outs and forced liquidations.

If BNB clears wedge resistance, momentum could accelerate into this cluster, forcing short sellers to cover. That dynamic would create mechanical buying pressure on top of spot demand, increasing the probability of a sharp squeeze toward $700.

At the same time, sentiment indicators suggest the market may be in a late-stage correction phase.

BNB’s Social Volume, which tracks how frequently the Binance Coin is mentioned online, has dropped sharply in recent weeks. Such declines often signal retail apathy or capitulation.

Historically, similar conditions have preceded rebounds, though the signal remains contrarian rather than definitive.

For confirmation, traders will likely watch whether BNB holds the $600 support zone while social chatter begins to recover.

If price stabilizes and breaks higher, the convergence of technical compression, liquidation liquidity, and fading retail enthusiasm could position BNB for a February recovery toward $700.