Best Altcoins to Invest In Today, Jan 21 – Polygon, Ondo, XRP

Highlights:

• Polygon Ondo and XRP stand out as the best altcoins to invest in today despite ongoing market uncertainty.
• Polygon and Ondo surpassed their key resistance points, indicating strong purchase opportunities.
• XRP works as a useful tool that grows fast due to its broad adoption and worldwide business partnerships.

The crypto market has taken a dip since President Donald Trump’s inauguration on Monday. Bitcoin reached a new all-time high during the market recovery, but prices dropped sharply shortly after this peak. 

In addition, the global market cap dropped by 4.10% to $3.57 trillion, while the 24-hour trading volume saw a significant hit, plunging by 26% to $271 billion. However, the fear and greed index shifted to 59 index, indicating a neutral sentiment.

As the bearish sentiment prevails, here is a look at the best altcoins to invest in, such as Polygon, Ondo, and XRP.

The Best Altcoins to Invest In

1. Polygon (POL)

Polygon has been trading on a descending channel since failing to break above the $0.53 region in early January. As of this writing, POL is trading at $0.45, down by 6.50% in the past 24 hours. Furthermore, the bearish trend has dropped the market cap and trading volume to $3.76 billion and $290 million, respectively. 

Despite the continuous bearish trend, there is a catch in the Polygon market. Crypto analyst Ali Martinez noted that Polygon has broken out from a descending triangle, which could signal a market reversal. POL is coming out of its long period of market consolidation from the current price of $0.49. As such, Ali expects Polygon to hit a $0.69 valuation, which will be 46% higher than the current valuation.

#Polygon $POL appears to have broken out of a descending triangle, targeting $0.69! pic.twitter.com/UmulLvfYBf

— Ali (@ali_charts) January 20, 2025

Price breakout has reached Fibonacci levels confirming the bullish trend. Polygon looks a perfect choice for the best altcoins to invest in if it stays above the previous resistance line.

2. Ondo (ONDO)

The Real World Asset (RWA) token, ONDO, is exchanging hands at $1.31, having declined 10% in the past 24 hours following the broad market downturn. Despite the bearish setback, the altcoin has gained 9.55% in the weekly chart. Its market cap and trading volume have declined to $4.13 billion and $544 million, respectively. 

The ONDO token has broken out of the descending channel, signaling a trend reversal. If the price crosses the 50-period MA, it indicates the buyers are in control. Key resistance at $1.377 may lead to a short-term trading range bound. Market analyst Jonathan Carter estimates that ONDO will first hit $1.555, then $1.925, and $2.120.

#ONDO

Token has confirmed breakout from the descending channel pattern and the ma 50 on the 8-hour timeframe💥

Expect price to advance towards targets at $1.555, $1.925 and possibly $2.120🎯 pic.twitter.com/xQ234SGO3M

— Jonathan Carter (@JohncyCrypto) January 20, 2025

Such support, near $1.155, will help to strengthen a potential breakout. At present, the RSI is at 54.79 which suggests room for further growth. ONDO emerges a perfect choice for the best altcoins to invest in right now as the continued upward movement could push the price to $2.120 in the coming sessions.

3. XRP

XRP has shown a remarkable journey recently, retracing above the $3 levels seen last in 2028. The altcoin has surged by 20% and 35% in the weekly and monthly charts, respectively. As of this writing, it is trading at $3.11, down by 5.70% as the bears hold their ground tight. Its market cap and trading volume stand at $178 billion and $17.47 billion, respectively. 

XRP is gaining traction in the cryptocurrency market, and its dominance is projected to rise from 5.09% to 20%. Renowned market expert EGRAG CRYPTO predicts that breaking past the 6.08% resistance level will lead to a massive 310% increase. Fibonacci calculations and historical market patterns suggest XRP could follow its tremendous growth path from 2015.

#XRP – SKY DOME & Kinetic Energy (UPDATE: 20% Dominance!!!)

🔋The Kinetic Energy Brief:
Kinetic energy is the energy an object possesses due to its motion. It’s calculated using the formula:

💡KE = 1/2 mv to the power 2
where m is the mass and v is the velocity. Remember,… pic.twitter.com/L8qLkAN6Rk

— EGRAG CRYPTO (@egragcrypto) January 20, 2025

The price of XRP is being boosted by adoption, usage, and legal certainty. Ripple’s growing partnerships enhance the application of XRP in the payment sector. According to EGRAG, XRP is one of the best altcoins to invest in, with its market sentiment repeating a cycle.