BTC, ETH, XRP, BNB and ADA Price Analysis for January 16

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BTC, ETH, XRP, BNB and ADA Price Analysis for January 16
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$XRP price analysis: if the price comes back to the area around $0.80, there is a possibility of seeing a further rise to $0.84 XRP XRPprice $BTC $ETH $BNB $ADA

Sideways trading is also confirmed by the low trading volume, which means that there are low chances to see sharp moves in the next week. In this case, the more likely scenario is the continued trend around $42,000-$44,000.Ethereum has gained more than Bitcoin with a price rise of 6.19% over the last seven days.After the main altcoin made a false breakout of the $3,400 zone, the price is located around the recent resistance at $3,300.

If bulls cannot seize the initiative and the bears' pressure continues, the possible drop may lead ETH to the area around $3,200 as early as next week.XRP is the only loser from the list today as its rate has gone down by 0.54%.Despite the fall, XRP is located between the support at $0.6520 and the resistance, which serves the zone of the most liquidity at $0.84. If the price comes back to the area around $0.80, there is a possibility of seeing a further rise to $0.84.

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