Crypto Price Analysis January-17: ETH, XRP, ADA, BNB, and SOL

The post Crypto Price Analysis January-17: ETH, XRP, ADA, BNB, and SOL appeared on BitcoinEthereumNews.com.

This week, we examine Ethereum, Ripple, Cardano, Binance Coin, and Solana in greater detail. Ethereum (ETH) While altcoins such as XRP, SOL, and BNB have made new records since November 2024, Ethereum continues to struggle with a modest 3% price increase this week. Buyers managed to defend the support at $3,300 but were unable to push ETH much higher. The underwhelming performance of ETH in this cycle is raising many questions from the market as to why its price action is lagging so much compared to other major altcoins. Even Bitcoin outperformed Ethereum in the past few years. Looking ahead, optimism around Ethereum could return if its price manages to break above $4,000, which is a key resistance. The ETH all-time high is found at $4,868, and bulls will have to move the price above that if they want excitement to return to this cryptocurrency. Chart by Tradingview Ripple (XRP) XRP made history this week by matching its 2017 ATH of $3.4. This pushed the price to close the week with a mind-blowing 41% rally. Buyers are clearly in full control of the price action, and the next major target on the chart is found at $3.6. If they manage to keep XRP above $3.3, then the asset will enter price discovery. Looking ahead, XRP just entered a very exclusive club of altcoins that reached its previous record price in this cycle, joining BNB and SOL, which made a new record in late 2024. While sellers could return at this historic price, it is too early to tell if the rally is just beginning or may take a pause here. Chart by Tradingview Cardano (ADA) ADA had an excellent week after its price increased by over 15%. This comes after buyers defended the price well at the $0.9 key support.…

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