Crypto price analysis Jan-13: ETH, XRP, ADA, BNB and Sol
Crypto price analysis Jan-13: ETH, XRP, ADA, BNB and Sol
This week we take a closer look at Ethereum, Ripplecardano, Binance Coinund Solana
Ethereum (ETH)
With a spectacular start to 2023, Ethereum continued its rally and has recorded an increase of 12.7 %in the past seven days. This brings the price closer to $ 1,500, which will also act as an important resistance.
The bulls have the price movements completely under control, but at this pace they could run out of breath. It is very difficult to say when this rally will take a break, but a pullback becomes more likely the higher the price moves. The current support is $ 1,300.
With a view to the future, ETH remains optimistic, and if the purchase volume continues to increase, we could see that it will increase even higher in the coming week.
diagram of tradingview
ripple (XRP)
With a price increase of 10 % last week,XRP is not far behind Ethereum. This upward trend looks solid, and there is still room until the key resistance at $ 0.40. This gives the bulls scope in the coming days.
The current support is $ 0.36, and since the price reaches higher highs, optimism builds up on the market. The RSI indicator is not yet overbought in the day of the day, which supports further price rising.
After this cryptocurrency was narrowly succeeded in avoiding a lower low in the early January compared to June 2022, this cryptocurrency could ultimately form a double floor. In order to confirm this scenario, the price would have to increase over 42 cents. The current prospects are positive, but XRP could have problems if it approaches the most important resistance.
Diagram of Tradingview
cardano (ada)
The Cardano rally has not been signing of weakness since its beginning in early 2023. On the contrary, its interest bully momentum has strengthened and was able to increase 21.8 % last week. This is an impressive relaxation.
After the price had crossed the 30 cent mark (which now turned into support), the ADA price exploded and quickly reached the 34 cent resistance before a pullback followed. Since then the course has returned to the upward trend, whereby the key resistance has now come under pressure again.
With a view to the future, Ada seems to be determined to push up. Buyers continue to dominate the diagram, with only two red day candles in the past two weeks.
Diagram by Tradingview
Binance Coin (BNB)
Binance Coin has had a price increase of 11.6 % in the past seven days. BNB quickly approaches the key resistance at $ 300. This is an impressive relaxation when you consider that the price was not too long ago at $ 200.
With good support at $ 260, BNB is well positioned to challenge the current resistance, and a break would pave the way for a higher evaluation that could increase this cryptocurrency to $ 360.
In view of his performance, Binance Coin is still strengthening his position as the third largest cryptocurrency after market capitalization according to Bitcoin and Ethereum (without stable coins). This will probably not change in the future, since XRP (4th place) has less than half of the market capitalization of BNB. 
Diagram by Tradingview
Solana (sol)
Solana is another example of an impressive relaxation, similar to ADA. It has recorded a price increase of 23.7 % in the last seven days and was the most powerful company Coin on our list for the second week in a row.
With good support at $ 15, Sol does not give any signs of slowing down. His gaze is firmly aimed at the current resistance at just under 20 $.
While price development remains bullish, it is important to note that the RSI has reached overbought levels in the day. At the same time, the daily MacD histogram has started to form lower highs. These are early signs that Solanas Rally could soon reach a break.
Diagram by Tradingview
The article Crypto Price Analysis Jan-13: ETH, XRP, ADA, BNB, and SOL first appeared on Cryptopotato.
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