Technical Analysis

After a broadly bullish 2025, market analyst Paul Bennett says XRP's technical posture has weakened: the weekly SuperTrend turned bearish and price fell under $2 to $1.97, according to CoinGecko. He highlights a broken support trendline, fading momentum and ATR-based volatility compression, warning that "super cycle" narratives lack confirmation until those signals reverse.

Price targets for 2026 range from $75,000 to $250,000, with several institutions anchoring around $150,000 after a December 2025 downgrade. Anticipated ETF inflows span roughly $15 billion to $50 billion, and early 2026 U.S. spot funds briefly added about $1.1 billion in two days before reversing. Bearish views still allow $35,000–$70,000 if demand and macro weaken.

DeepSeek AI issued price projections for XRP, Cardano, and Solana, tying upside to a longer bull phase, clearer U.S. regulation, and ETF developments. The model outlines XRP at 10 dollars by end 2026, ADA at 12 dollars in early 2026, and SOL at 600 dollars by 2027, while cautioning that softer macro conditions could weigh on ADA.

Ethereum remains range bound after failing to hold an early‑month push above the mid‑$3,000s, with price oscillating between demand near $2,700 and supply closer to $3,500 while the 100‑ and 200‑day moving averages cap upside. According to the Coinbase Premium Index, recent sustained negative readings show a discount on Coinbase versus Binance, underscoring cautious U.S. spot flows.

On January 23, 2026, Ethereum's price remained subdued even as active addresses climbed and roughly 2.3 million daily transactions signaled stronger usage. Fees stabilized after a compression phase but sit well below past peaks, while exchange netflows continue to show outflows. ETH/BTC trades under long-term averages, keeping any altcoin rotation contingent on improved relative performance and rising economic throughput.

On January 23, 2026, gold traded near $4,983, about 1.5% higher over 24 hours and closing in on $5,000, while silver advanced alongside it. Bitcoin reclaimed $90,000 and hovered around $91,000 as traders monitored the recurring lead–lag pattern in which strength in gold has often preceded BTC momentum. The setup remains constructive unless gold shifts into a sustained correction.

Ethereum is trading around $2,900 after a more than 3% daily decline and roughly 12% losses over the past week, slipping below the $3,000 level. Technical analysts highlight a diamond pattern on the 1‑hour chart and a multi‑year double bottom with an embedded inverse head‑and‑shoulders on the monthly chart, pointing to a possible push toward $3,600 if bullish momentum returns. Despite weak price action and an RSI near 43, large holders have reportedly been quietly accumulating ETH through OTC channels, including a single whale purchase of over 20,000 ETH valued at about $59 million.

GameStop transferred its 4,710 BTC to Coinbase Prime amid a softer market, with Bitcoin around $89,098. CryptoQuant said a sale near $90,800 could realize about $76 million in losses, while GME climbed roughly 6.7% after CEO Ryan Cohen bought 500,000 shares on January 21.

On January 23, Bitcoin rose 0.29% day over day to $89,139, while CoinStats indicated sellers had the upper hand late in the week. A failed move around $88,548 keeps focus on a possible drift toward $88,000 if no rebound appears by day's end, with $88,000-$91,000 consolidation favored and $85,225 in view next month if pressure persists.

At the Friday Wall Street open, according to TradingView data, Bitcoin stayed under $90,000 while gold touched $4,967 and silver approached $100. Traders focused on the 2025 yearly open at $93,500 and key pivots at $86.8K and $91K, as Capriole founder Charles Edwards outlined a $12,000–$23,000 gold path over 3–8 years.