XRP, BNB, LINK Technical Analysis: Massive Gains Expected As Trump’s Crypto Era Begins

Most altcoins have rallied alongside Bitcoin following Donald Trump’s Jan. 20 inauguration, fueled by optimism over pro-crypto policies.

On Jan. 23, Trump announced plans to evaluate a “national digital asset stockpile,” boosting cryptocurrencies like XRP, BNB, and Chainlink (LINK), which now show compelling technical setups for traders.

XRP (XRP) Technical Analysis

XRP/USD Four-Hour Price Chart Analysis — Bull Pennant Projects 50% Upside

XRP/USD is consolidating within a bull pennant pattern, a bullish continuation setup after a strong upward rally earlier this month.

A bull pennant typically forms after a sharp price rally, known as the “flagpole,” followed by a period of consolidation between converging trendlines. In XRP’s case, the flagpole originated from its mid-January rally, where the token surged from around $2.65 to $3.19.

Since then, XRP has traded within a narrowing price range, with resistance near $3.20 and rising support.

The pattern’s breakout target is calculated by adding the flagpole’s height to the breakout point. For XRP, this implies a potential rally to approximately $4.66, an almost 50% gain from the current price levels.

XRP must close decisively above the $3.20 resistance level with increased trading volume to confirm the bull pennant breakout.

Failure to break this level could invalidate the bullish outlook, potentially leading to a downside retest of support near the 50-day EMA at $3.08 or the 200-day EMA at $2.65.

XRP/USD Weekly Price Chart Analysis — Bearish Exhaustion After Hitting $4.66 Target

On the weekly chart, XRP has formed a rising wedge pattern, a bearish technical setup characterized by converging trendlines that rise in tandem.

The pattern hints at waning bullish momentum as the price approaches the wedge’s apex, which coincides with the $4.66 target. This level also aligns with the 2.618 Fibonacci retracement level—a critical resistance zone—further strengthening its significance.

However, rising wedge patterns typically signal bearish reversals upon a breakdown below the lower trendline.

If XRP fails to hold above $4.66 or breaks below wedge support, it could trigger a decline, potentially targeting levels around $3 or lower, as suggested by the wedge’s height.

BNB (BNB) Technical Analysis

BNB/USD Four-Hour Price Chart Analysis — Modest Rallies Next

Binance Coin (BNB) is showing signs of a bullish rebound, with its price consolidating within an ascending triangle pattern on the 4-hour chart.

The ascending triangle is defined by a horizontal resistance at $732.50 and rising trendline support. BNB’s price has been forming higher lows while repeatedly testing the resistance level, indicating growing buying pressure.

The recent bounce off the triangle’s support near $675 signals that bulls are defending the uptrend, eyeing $732.50 by February 2025.

BNB/USD Weekly Price Chart Analysis — Cup-and-Handle Breakout Sees 300% Gains in 2025

BNB is forming a classic cup-and-handle pattern on its weekly chart, suggesting the potential for a significant rally in the coming months.

The cup-and-handle pattern emerges when an asset undergoes a rounded bottom recovery, forming the “cup,” followed by a consolidation phase resembling the “handle.” This structure indicates that bullish momentum is building, with the pattern typically leading to a breakout above the resistance level.

In BNB’s case, the “cup” spans from its all-time high of $690 in May 2021 to a low near $183 in June 2022, followed by a gradual recovery—the resistance at $690 marks the breakout level.

Meanwhile, the handle, which has been in a sideways consolidation phase over the past several weeks, suggests a period of reduced volatility before the next leg higher.

The breakout target for the cup-and-handle pattern is determined by adding the cup’s height to the breakout point.

The cup’s height for BNB is approximately $2,063. Adding this to the breakout level of $690 gives a target of $2,753, positioning BNB for a potential 300% rally from current levels in 2025.

BNB’s relative strength index (RSI) on the 4-hour chart is hovering around 47, leaving room for further upward momentum before the asset becomes overbought. Additionally, a breakout with increased trading volume would provide stronger confirmation of the bullish scenario.

Chainlink (LINK) Price Analysis

LINK/USD Four-Hour Price Chart Analysis — A 30% Price Rally Setup is Forming

Chainlink’s (LINK) price is retesting a critical support level near $24.69, previously the resistance neckline of a cup-and-handle pattern on the 4-hour chart.

The cup-and-handle pattern, a widely followed bullish setup, formed as LINK experienced a rounded-bottom recovery (the “cup”) followed by a brief downward consolidation (the “handle”). Earlier this week, LINK broke above the pattern’s neckline resistance, signaling a potential upside continuation.

However, LINK’s price has returned to retest the neckline as support—a common occurrence after breakouts, as it helps validate the pattern. A successful retest could reinforce bullish momentum, providing a strong base for further gains toward the $34 target.

The upside target is calculated by adding the pattern’s height to the breakout level of $24.69. If the breakout is confirmed, this represents a potential 30% rally from current levels.

The breakout could be invalidated if LINK fails to hold above the $24.69 support. This scenario might trigger a pullback toward the handle’s lower boundary near $22, potentially delaying the bullish outlook.

LINK/USD Weekly Price Chart Analysis —

Chainlink is trading within an ascending parallel channel on the weekly chart, with its current price action targeting higher levels after a strong rebound from the channel’s lower boundary near $12. Key price targets are based on Fibonacci retracement levels and the channel’s trajectory.

For now, LINK is approaching the 0.618 Fibonacci retracement level at $34.67, which aligns with the channel’s upper trendline. Meanwhile, a close above $34.67 could open doors toward the 0.786 Fib level at $42.57.

LINK’s all-time high remains at $52.64. If bullish momentum sustains and LINK clears the $42.57 resistance, a retest of the previous high becomes a plausible long-term target.

On the downside, $23.56 is the immediate support level. A breakdown below this level could trigger a deeper correction toward the channel’s lower boundary, also around the 200-week exponential moving average near $16.20