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Crypto Price Analysis January-10: ETH, XRP, ADA, BNB, and SOL

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This week, we examine Ethereum, Ripple, Cardano, Binance Coin, and Solana in greater detail.

Ethereum (ETH)

Ethereum tried to move above $3,600 this week but was quickly stopped by sellers who came in force to push the asset back to the key support at $3,200. If buyers continue to show weakness, then ETH could fall under $3,000. The price also closes the week with a 4% loss.

The bullish momentum was cut short, and it remains uncertain if buyers will be able to take control of the price action in the days to come. The support appears fragile, and sellers may still be encouraged to press forward.

Looking ahead, ETH may end up in a longer correction after failing to sustain its price above $4,000. If so, it is unlikely that this cryptocurrency will revisit $4,000 this month. However, a sustained recovery could come in February once this correction ends.

ETHUSDT_2025-01-10_16-57-13
Chart by TradingView

Ripple (XRP)

Ripple also closed the week in red with a 4% loss. While this is in line with the overall market, XRP does show more resilience by moving inside a consolidation channel between $1.6 and $3. As long as the price stays in this range, there is a good chance of a continuation higher later.

Buyers also showed eagerness and came in quickly as soon as the price fell under $2. This allowed XRP to move to $2.4 this week quickly. At the time of this post, the ассет is found to be around $2.3, which is a respectable level considering the latest higher high was at $2.9.

Looking ahead, XRP has a good chance to continue its bullish rally this year and challenge the all-time high at $3.3 from January 2018.

XRPUSDT_2025-01-10_16-57-26
Chart by TradingView

Cardano (ADA)

The price action by ADA is similar to XRP and appears stuck in a range between $0.9 and $1.3. However, compared to XRP and ETH, Cardano fell by 9% this week, which shows that sellers were more aggressive and buyers were quite shy about re-entering.

On a macro level, ADA reached a higher high in December 2024. This could mean that later in 2025, the asset might still have a chance to move higher since the overall trend is bullish despite the current pullback.

Looking ahead, Cardano will have to break its key resistance at $1.3 and turn that level into support before it can hope to make new highs later in the year.

ADAUSDT_2025-01-10_16-57-42
Chart by TradingView

Binance Coin shows a lot of resilience by holding steady above the key support at $690. As long as buyers manage to defend this level, the overall bias remains bullish, with the expectation of new peaks later on. The price is also at a similar level to last week.

While the current all-time high is at $794, the asset will have to break above $750 before it can hope to make a new record. This appears unlikely in the days to come as the overall market is still deciding where to go next.

Looking ahead, Binance Coin is one of the strongest altcoins in the top 10 cryptocurrencies by market capitalization since it managed to make an all-time high in this cycle. Few altcoins have achieved that, and some, like ETH, are still due to do so.

BNBUSDT_2025-01-10_16-58-19
Chart by TradingView

Solana (SOL)

Solana did not have an easy week after the price tested the $206 level as a resistance. Since then, SOL fell lower and closed the week with a 9% loss, which puts it in the same category as Cardano.

It is a bit surprising to see Solana show so much weakness when other altcoins like BNB are doing much better despite the market turbulence. If buyers fail to show up, then the next key support level will be found at $164. Should the overall market stay bearish in the near term, then SOL is likely to revisit that level.

Looking ahead, Solana had a difficult time in January after it failed to sustain a price above $200. If this level is not reclaimed soon, then optimism around this cryptocurrency could suffer and see it trend lower until the key support is hit.

SOLUSDT_2025-01-10_16-58-05
Chart by TradingView
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

Cryptocurrency

Ripple (XRP) News Today July 30th

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The last few weeks have been quite turbulent for XRP and the company behind it. In this article, we will check the latest updates involving the two and analyze the token’s price dynamics.

Has the Ripple/SEC Battle Concluded?

The major developments in the legal battle between Ripple and the US Securities and Exchange Commission (SEC), more specifically, the company’s court wins, have left some with the expectation that the tussle is over.

Just recently, the American lawyer Bill Morgan said the regulator has not withdrawn its appeal yet. He emphasized that the Commission faces no formal deadline to do so, though it is required to submit a status update to the appeal court by August 15.

The legal contest refers to a court decision in 2023. Back then, Judge Analisa Torres ruled that Ripple’s sales of XRP tokens on secondary markets are not securities. The SEC appealed the ruling, while the company filed a cross-appeal, which was later withdrawn.

Earlier this year, the two parties jointly requested that the appeals be paused to allow time for a potential settlement. The court respected their wish but required the regulator to file a status report by mid-August. Many believe that if the SEC agrees to withdraw its appeal, it could mark the final resolution of the case.

To the uninitiated, it all started in December 2020 when the Commission filed a lawsuit against Ripple, accusing it of conducting an unregistered securities offering by selling XRP tokens. Initially, it sought a whopping fine of $2 billion, while years later, Judge Torres ruled a penalty of $125 million. Moreover, the SEC and Ripple shook hands on an even smaller sum of $50 million.

RLUSD Keeps Progressing

One trending asset within Ripple’s ecosystem is the USD-pegged stablecoin, RLUSD. The product, which officially debuted in December of last year, recently saw its market capitalization soar past $500 million and caught the eye of some major financial players.

As CryptoPotato reported, the asset was recognized by the Dubai Financial Services Authority (DFSA) as a crypto token within the Dubai International Financial Center (DIFC), while the oldest US bank, BNY Mellon, agreed to serve as a custodian for RLUSD.

Meanwhile, the stablecoin’s market cap continued to grow in the following weeks and currently stands at approximately $577.6 million. 

Spot XRP ETF Incoming?

Several XRP exchange-traded funds have popped up in the United States over the past several months. However, all of them are futures-based, and you can check the details here.

The XRP army has been eagerly awaiting the launch of a spot XRP ETF, which is expected to have a more significant impact on the price of the underlying token.

Some of the well-known firms willing to launch such a product include Bitwise, Grayscale, Franklin Templeton, WisdomTree, and more. According to Polymarket, the approval odds before the end of the year stand at around 87%. 

XRP ETF Chances
XRP ETF Chances, Source: Polymarket

XRP Price Outlook

Ripple’s native token exploded to a new all-time high of $3.65 in mid-July, but since then, it has been on a downtrend, currently trading at around $3.08 (per CoinGecko’s data). 

However, some important factors suggest this could be a temporary correction, followed by another rally. Large investors, for instance, have acquired 60 million XRP tokens in the last 24 hours. This shows strong confidence in the asset and could encourage other smaller players to jump on the bandwagon, too. 

The amount of tokens stored on exchanges has been declining lately, suggesting that holders might have moved their funds into cold storage. This, in turn, reduces the immediate selling pressure. 

Last but not least, the number of XRP wallets keeps growing, hinting at solid user engagement and rising interest in the network. The figure reached a peak of 7.2 million on July 21 and is currently inching towards 7.3 million.

XRP Addresses
XRP Addresses, Source: CryptoQuant
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Solana (SOL) Plunges by 10% Weekly, But This Market Signal Says ‘Buy the Dip’

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TL;DR

  • Analysts point to certain indicators that suggest SOL could be poised for a rally in the near future. Some of the biggest optimists believe the price could soar to a new all-time high of $400.
  • SOL’s RSI hovers just above 30, signaling oversold conditions. Combined with increased token withdrawals from crypto exchanges, this could reduce sell pressure and hint at a possible short-term recovery.

Buying Opportunity?

Solana’s SOL has declined by over 10% in the past week, currently valued at around $177 (according to CoinGecko’s data). However, the X user, Ali Martinez, estimated that the TD Sequential indicator has flashed a buy signal.

The analyst isn’t the only one with a bullish stance following the price drop. One X user claimed SOL “is setting the pace,” predicting a pump to as high as $400. 

“Ignore the noise. This isn’t hype, it’s a shift in momentum. Smart money isn’t chasing later – it’s positioning now. Solana season is real,” they added. 

BitBull thinks SOL’s current price performance resembles that of 2023, which was followed by a major breakout. The analyst argued that the activity in the Solana network is still strong, while institutional inflows “are coming.”

“All it needs now is a weekly close above $230, and SOL parabolic run will start,” the X user suggested.

AlejandroBTC stands in the opposite corner, claiming there’s no real momentum, while exit liquidity is “getting thinner by the day.” The analyst forecasted that SOL’s price could continue to plunge, warning investors that the altcoins are not in a bull market. 

Observing Other Metrics

Over the past several months, the shift of SOL tokens from crypto exchanges toward self-custody methods has been more than evident. This results in reduced immediate selling pressure.

SOL Exchange Netflow
SOL Exchange Netflow, Source: CoinGlass

Solana’s Relative Strength Index is the next technical analysis tool we will touch upon. It tracks the speed and magnitude of recent price changes and helps traders identify overbought or oversold conditions. The metric varies from 0 to 100, and ratios around or below 30 suggest SOL could be headed for a rebound, while anything above 70 is considered bearish territory. Currently, the RSI stands at just over 30. 

SOL RSI
SOL RSI, Source: CryptoWaves
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Ethereum ETF Inflows Soar in July, Outpacing Last 11 Months Combined

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Ethereum’s 10th anniversary is proving to be more than symbolic. As the network celebrates a decade since mining its genesis block on July 30, data shows a record-breaking surge in institutional demand.

Spot Ethereum ETFs recorded $5.41 billion in net inflows in July alone, surpassing the combined capital entries of the previous 11 months, which stood at $4.21 billion as of June 2025.

Institutional Investment Pushes ETH Into a New Phase

Data from SoSoValue shows that ETH ETFs have had $9.62 billion in cumulative fund deposits since their launch in July 2024. However, the inflows haven’t been consistent.

After a rocky start, with $483 million in outflows in their first month, the ETFs saw steady growth. They hit 10 figures for the first time in November 2024, when $1.05 billion came into the funds, followed by an even more impressive $2.08 billion the following month.

The first quarter of 2025 was more muted. January and February saw a combined $161.23 million in new capital before a poor showing in March led to more than $403 million flowing out of the ETFs.

Since then, the products have been on a tear, with investment activity growing exponentially month after month, to finally hit $5.41 billion in July. The explosion suggests a shift from institutional caution to aggressive accumulation, with ETH emerging as the clear beneficiary of this sentiment shift.

Data from SoSoValue shows that BlackRock’s ETHA alone now holds $11.39 billion in assets, while Grayscale’s ETHE remains in recovery after $4.31 billion in cumulative withdrawals. Together, these movements have pushed Ethereum ETF assets to $21.61 billion, which is about 4.75% of ETH’s market cap.

Price Momentum Builds as ETH Nears $4K

The price of ETH has also seen a fair amount of growth recently. At the time of writing, it was trading at $3,786, up 3.1% over the past week and 19.6% in the last fortnight despite a 2.4% dip in the previous 24 hours amid profit-taking.

It has also climbed 53.3% across 30 days, moving from around $2,470 to approach the $3,900 range, even briefly touching $3,933 before retracing.

QCP Capital has cautioned that derivatives positioning and overheated funding rates may create near-term resistance around $4,000, yet the structural tailwinds from ETF demand remain intact. If these fund flows persist, Ethereum could not only challenge its November 2021 all-time high of $4,878 but also cement itself as the centerpiece of a potential altcoin-led market cycle.

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