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ETH, XRP, BNB and ADA Price Analysis for January 29

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Sat, 29/01/2022 - 16:42
ETH, XRP, BNB and ADA Price Analysis for January 29
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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The weekends has begun with the ongoing correction of the cryptocurrency market as all of the top 10 coins are in the green zone.

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Top coins by CoinMarketCap

ETH/USD

Ethereum (ETH) is rising by 7% since over the last 24 hours.

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ETH/USD chart by TradingView

After Ethereum (ETH) bounced off the support at $2,300, it keeps trading sideways, accumulating power for the price blast.

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Thus, the growth is supported by the increased trading volume, which means that there is a possibility to see an ongoing rise above $2,600 next week.

Ethereum is trading at $2,540 at press time.

XRP/USD

XRP has gained less than Ethereum (ETH) as the rise has made up 3.39%.

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XRP/USD chart by TradingView

Despite the growth, XRP is neither bullish nor bearish as the coin keeps trading sideways.

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Currently, traders are accumulating power for a sharp move, which means one needs to pay close attention to the support level at $0.6959 and the resistance at $0.5614.

XRP is trading at $0.6152 at press time.

BNB/USD

The price of Binance Coin (BNB) has increased by 2.12% since yesterday.

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BNB/USD chart by TradingView

Unlike other coins, Binance Coin (BNB) seems to be accumulating enough power for continued growth. At the moment, the price is slowly approaching the resistance at $405.6. If bulls can fix above it, there are chances to see an ongoing rise to $450.

BNB is trading at $390.6 at press time.

ADA/USD

Cardano (ADA) is not an exception to the rule, going up by 4.04%.

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ADA/USD chart by TradingView

Cardano (ADA) is about to come back to the resistance level at $1.155 on the daily chart. Even though the buying trading volume is low, if ADA gets to the area around $1.10 and trades there for a little while, the growth may continue to the zone of the most liquidity around $1.232 soon.

ADA is trading at $1.070 at press time.

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