Crypto Price Analysis January-23: ETH, XRP, ADA, BNB, and HYPE

This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail.

Ethereum (ETH)

Ethereum fell by 12% this week after sellers returned at the $3,345 key resistance. At the time of this post, the price also broke below the $3,000 support level.

If ETH is unable to return above $3,000 in the coming days, then this would be quite bearish in the short to medium term, with lower lows likely in the future.

Looking ahead, Ethereum continues to find itself in a clear downtrend that started in September 2025. Since then, bears have dominated the chart, but buyers have given signs of returning in early 2026. Bulls will need to take ETH above $3,345 to succeed at a reversal.

Ripple (XRP)

In late 2024, XRP impressed with a quick 5x in a few weeks. In 2025, the price action was flat between $2 and $3. In 2026, it seems XRP is likely to correct downwards after a confirmed MACD bearish cross on the monthly chart.

If we are to trust the MACD indicator, XRP may fall all the way to $1 before buyers return to reverse this downtrend that started in late July 2025. The price also closed 8% lower this week.

Looking ahead, XRP has good support at $1.6. Should that fall, then $1 becomes likely later this year. The current resistance is at $2.

Cardano (ADA)

ADA disappointed this week with a 8% loss. This is because its price was unable to break the resistance at 40 cents in early 2026 which has turned the chart bearish with lower lows likely.

With buyers absent, the only option for Cardano is to fall lower until interest returns. The most likely candidate for that is the support level at 30 cents.

Looking ahead, this cryptocurrency has been in a bear market for all of 2025 and this is likely to continue in 2026 based on the current price action. A reversal appears unlikely at this time. Perhaps optimism will return to ADA in the second part of this year.

Binance Coin (BNB)

BNB tried to return above $900, but was sharply rejected and the price closed the week with a 5% loss. As long as it cannot break this resistance, the price action remains bearish.

With sellers in control, Binance Coin finds itself in a correction that could see the price retest the support at $800 and $700. The latter being a prime candidate for an end to this downtrend.

Looking ahead, this cryptocurrency had a fantastic year in 2025 when its price moved beyond $1,000. Hopefully, it can return to four digits later in 2026 after this correction is over.

Hype (HYPE)

Since late September 2025, HYPE has been in a deep correction that saw the price fall by 65% from its all-time high, at the time of this post. The start of 2026 did not change this trend and only this week the price fell by 15%.

Bears are dominating the chart and this is partially because HYPE team members have been selling heavily since the start of the year with almost 500,000 HYPE tokens sold. As long as this trend is sustained, it is unlikely for this cryptocurrency to reverse course.

Looking ahead, HYPE has good support at $20, $17, $15, and $10. These levels are likely to be tested in 2026 if the current sell pressure is sustained. To reverse this, HYPE needs to move above $30.

The post Crypto Price Analysis January-23: ETH, XRP, ADA, BNB, and HYPE appeared first on CryptoPotato.