Crypto Price Prediction Today 29 January – Xrp, Bitcoin, Ethereum

What Happened

This did not come out of nowhere. Ongoing uncertainty has made risk assets struggle, and while gold and stocks are surging, investors are clearly not waiting around.

Market Context

BTC price is dumping again, and this time it might really be going toward $80,000. At the time of writing, Bitcoin is trading at $89,500 and is down 4% on the day.

Bitcoin continues to look weak as stocks and gold break to new all-time highs. Altcoins like XRP and Ethereum are passengers in this move and are suffering alongside Bitcoin after a tough 2025 overall. Below is how their prices may play out through 2026.

Bitcoin Price Prediction: You Definitely Can’t Be This Bad? $80,000 Could Be Next

All this has led to Bitcoin breaking down from a rising wedge that had been squeezing the price for weeks.

In this context, that is not a great look. The pattern formed after a sharp selloff, which already leaned bearish to begin with. The key level was the rising lower trendline, and once the price closed below it and failed to reclaim it, the setup was basically done.

As long as BTC stays below the broken support and cannot get back above the mid $90,000s, any rallies are likely just relief moves, with downside liquidity around the low $80,000s standing out as the next obvious magnet.

Ethereum Price Prediction: ETH Takes The Passenger Seat And Drops Harder

Ethereum price has dropped 6% in the last 24 hours and is currently testing the lower edge of a descending wedge around the $2,750 to $2,850 support zone. That area has been defended multiple times already, making it a key level if ETH wants to stay in consolidation instead of rolling into another sharp leg lower.

The upper trendline is still capping every bounce around the $3,300 to $3,400 area, where repeated rejections show there is still plenty of supply overhead.

XRP Price Prediction: Losing 12 Months’ Support Could Get Things Ugly Really Fast

XRP has been holding above the $1.80 support for more than 12 months now. Price has bounced from this level multiple times, and it is now retesting it again, with many analysts expecting it to finally give way.

XRP is still stuck in a persistent descending channel, with price now pressing right up against the lower boundary around the $1.80 support zone.

If we get a daily close below $1.80, that is a clean break of support and likely sends the price down toward the $1.60 zone, where the next real demand sits.

Can Bitcoin Hyper Actually Save You From This Bear Market?

Why It Matters

This breakdown suggests buyers are losing control and that the move higher was more of a corrective bounce than a real trend reversal.

Ethereum’s next move still depends heavily on Bitcoin holding up and overall risk appetite improving, while ETF and tokenization narratives remain more medium-term drivers than immediate catalysts.

A clean break above the wedge resistance would be the first real signal that structure is shifting, opening the door toward $3,400 initially.

Details

As of today, January 29, Bitcoin has completed 7 consecutive days of ETF outflows, marking the longest streak since its debut.

Short term, that keeps the bias bearish. RSI is sitting near 37, which tells us that downside momentum is fading, but there is no clear bullish divergence yet.

The bigger $4,000 to $4,200 supply zone only comes into play if that breakout actually gets confirmed. If support fails instead, $2,500 becomes the next level to watch, with the deeper $2,100 area acting as major macro demand.

Structurally, this is still a bearish setup. XRP keeps printing lower highs, and every bounce so far has been shut down around the $2.20 to $2.30 area, which lines up with channel resistance and heavy supply.

On the other hand, as long as $1.80 holds, a short-term relief bounce is still possible. That said, for things to actually look better, XRP needs to get back above $2.20. Without that, any bounce is just a bounce, not a trend change.

As Bitcoin slips toward the low $80,000s and altcoins like Ethereum and XRP lose key support levels, the same structural issue keeps showing up.