Technical Analysis

On January 22, Shiba Inu (SHIB) added 0.65% over the past 24 hours and traded near $0.00000794. According to CoinMarketCap, the broader market shifted back to the green, while SHIB's intraday range favored $0.00000770–$0.00000820. A failure to hold support around $0.00000789 could open a move toward $0.00000770–$0.00000780, and, if $0.00000678 breaks, momentum may extend toward $0.0000060.

On Jan. 21, Glassnode reported that Bitcoin’s onchain structure remains fragile, with BTC trading between the True Market Mean at $81,100 and the short-term holder cost basis at $98,400. The firm cautioned that a dense supply overhang above $100,000 and a Risk Index reading near the High Risk zone could prolong consolidation, while recent spot Bitcoin ETF outflows of $708.7 million suggest continued institutional de-risking.

On Jan. 22, analytics firm Santiment said via X that XRP's social data has entered "Extreme Fear" after about a 19% decline from the Jan. 5 high. The firm argues such bearish crowd sentiment has often preceded rebounds. XRP last traded near $1.9498 following the early-January surge and subsequent pullback.

On January 15, Bitcoin's Fear & Greed Index stood at 61; six days later it plunged to 24, signaling extreme fear, according to Alternative. The indicator, built from market cap dominance, trading volume, volatility, Google Trends, and social media inputs, previously sprinted from 26 to 61 in two days as BTC moved above $97,000. Bitcoin dipped below $88,000 before rebounding to $90,200.

XRP is attempting to stabilize near $1.95 after a volatile start to 2026, with buyers defending short-term support following a brief dip below $2.00. While institutional developments around Ripple and XRP ETFs continue to support the long-term narrative, price action remains corrective, keeping focus on whether XRP can reclaim key resistance levels in the week ahead.

Story’s (IP) price recently bounced sharply from a key support region around $2.40, forming a potential short-term base. At the same time, Open Interest and whale holdings climbed, with large players now controlling 55% of the supply and derivatives positioning hitting about $89 million. If buying pressure from these participants persists, IP could attempt to revisit the $4 resistance area where notable liquidity is clustered.

Bitcoin fell below $90,000 as macro tension between the United States and the European Union, alongside concerns linked to Greenland, weighed on risk assets. Analyst MorenoDV reports that new whales now command a larger share of Bitcoin realized cap than long-term whales, while CryptoQuant data places their realized price near $98,000 with spot seen around $88,300.

XRP attempted a recovery above $1.950 but was rejected near $2.00, and it now trades below the 100-hour SMA with $1.920 exposed. Resistance sits at $1.990–$2.00, followed by $2.065 and $2.10. A close under $1.90 could target $1.8650 and $1.820, while a break over $2.00 may open $2.150–$2.20.

Glassnode said in a post on X that during the November–December bottoming phase, larger entities were the main drivers of Bitcoin supply accumulation while smaller cohorts distributed. Its Accumulation Trend Score showed 10,000+ BTC wallets near 1.0 after the November drop, with 1,000–10,000 BTC holders turning net buyers in December. Bitcoin traded around $88,900 as the week progressed.

On Wednesday at the WEF in Davos, President Donald Trump said he aims to sign crypto market structure legislation "very soon" and vowed the US would be the "crypto capital," lifting risk assets. Bitcoin rose over 2%, moving back toward $90k after a $87,000 low, while tariff timelines for Feb 1 and June 1 kept macro tensions elevated.