This week, we review the price movements of leading cryptocurrencies like Ethereum, Ripple, Cardano, Binance Coin, and Solana, analyzing recent trends and future prospects.
Ethereum (ETH)
Ethereum attempted to move above $3,600 this week but was quickly pushed back by sellers to the key support at $3,200. If buyers continue to show weakness, ETH could fall under $3,000, with the price closing the week with a 4% loss. Looking ahead, Ethereum may enter a longer correction if it fails to sustain its price above $4,000, with a potential recovery starting in February after the correction ends.
Ripple (XRP)
Ripple also ended the week in the red with a 4% loss. Despite this, XRP shows more resilience, moving within a consolidation channel between $1.6 and $3. Buyers quickly stepped in when the price fell below $2, allowing XRP to reach $2.4. Looking ahead, XRP has a good chance to continue its bullish rally and challenge the all-time high of $3.3 reached in January 2018.
Cardano (ADA)
The price movement of ADA is similar to XRP, being stuck in a range between $0.9 and $1.3. However, unlike XRP and ETH, Cardano fell by 9% this week. On a macro level, ADA reached a high in December 2024, indicating that it might have a chance to move higher later in 2025, despite the current pullback.
Binance Coin (BNB)
Binance Coin shows resilience by maintaining its position above the key support at $690. As long as buyers defend this level, the overall bias remains bullish, with expectations of new peaks later on. Looking ahead, Binance Coin remains one of the strongest altcoins in the top 10 cryptocurrencies by market capitalization, having reached an all-time high in the current cycle.
Solana (SOL)
Solana had a challenging week with the price closing 9% lower, similar to Cardano. If buyers fail to emerge, the next key support level is at $164. Looking ahead, Solana struggled in January after failing to maintain a price above $200, and if this level is not reclaimed soon, it may trend lower towards the key support.
The price review of leading cryptocurrencies indicates a market in a state of uncertainty. While Ethereum and Solana faced challenges, Ripple and Binance Coin show some resilience. Future developments will depend on the ability of cryptocurrencies to overcome their key resistance levels.
