Crypto Price Analysis January-03: ETH, XRP, ADA, BNB, and SOL
Ethereum (ETH)
Ethereum’s rally was cut short in December when sellers quickly returned as soon as the price moved above $4,000. Soon after, the cryptocurrency entered a deep correction that saw it drop to $3,100. Since then, good support was found around $3,300 which held well to date.
At the time of this article, buyers are trying to push the price higher, but the volume is low. Nevertheless, should this trend continue, ETH could aim to hit $3,700 next. The question is if that level will bring back sellers. If not, the most likely candidate is the resistance at $4,000.
Looking ahead, ETH needs to turn $4,000 into a key support if it hopes to make a new price record in 2025. To do so, it needs to move above $4,868, which is the current ATH.
Ripple (XRP)
After a brief correction under $2, XRP is now back on the offensive and is hovering around $2.4 at the time of this article. Buyers seem keen to re-enter and they are currently aiming for $3 as the major target of any future rally.
With the support at $2 confirmed, the bullish momentum is again picking up which could see the price make a higher high later on. That would only embolden buyers more as they seek to reach the ATH from January 2018 at $3.3.
Looking ahead, if this cryptocurrency manages to move above $3.3, then it will enter price discovery and higher targets such as $4 and above become realistic. However, until then, XRP needs to turn $3 into a key support.
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