Best Altcoins to Purchase Today, January 20 – XRP, DOGE, INJ

Highlights:

• XRP, Dogecoin, and Injective are the best altcoins to purchase today, amidst the overall market decline.
• XRP shows a bullish potential with a falling wedge, which indicates that the price is poised to move up to $2.23.
• The hammer candlestick of Dogecoin suggests a bullish reversal that could result in a price increase soon.

Crypto prices are displaying mixed signals, with major digital assets grappling with new trade tensions and regulatory ambiguity. Bitcoin dropped below $91,000, leading to the broader market decline. The global market cap and trading volume have declined to $3.07 trillion and 100 billion, respectively. As per CoinGlass data, in the past 24 hours, total liquidations amounted to over $280 million. Despite this overall bearish sentiment, let’s take a look at the best altcoins to purchase today, such as XRP, Dogecoin, and Injective.

Best Altcoins to Purchase Today

1. XRP

XRP has lost most of the momentum it gained earlier this month, as it climbed to highs of $2.40. As of this writing, the altcoin has dropped below the $2 key level, recording a decline of 0.30% on the daily chart. Meanwhile, its trading volume has decreased by 20% to $2.8 billion.

Ali Martinez, a renowned crypto analyst, recently provided insights on the price movement of XRP. According to his analysis, the altcoin may be developing a falling wedge pattern on its 4-hour chart. This chart pattern is frequently interpreted as an indication of a bullish breakout that might drive the price of XRP up to $2.23.

$XRP could be forming a falling wedge, setting the stage for a bullish breakout to $2.23. pic.twitter.com/PoUYb6IAtL

— Ali Charts (@alicharts) January 19, 2026

In addition, the current price has hit a key support level of $2.01. This mark provides a possibility of upward movement as long as the trend continues. The falling wedge, along with the price action, suggests a possible change in momentum, which makes XRP one of the best altcoins to purchase today.

2. Dogecoin (DOGE)

The largest memecoin, Dogecoin, is trading at $0.1371, a decline of 0.40% within the last 24 hours. DOGE is down by 8% and 3% on the weekly and monthly charts, respectively. Moreover, trading volume has decreased by 40% to $1.31 billion, whereas the market cap is at 23.09 billion.

Crypto analyst Trader Tardigrade has identified a key market trend emerging around Dogecoin. DOGE will probably have a closing pattern of a hammer candlestick on the daily chart, indicating a possible bullish reversal. The trend is known to signal the end of a downtrend, and in most cases, it signals the beginning of a price explosion.

$Doge/daily#Dogecoin is likely closing with a hammer candlestick on the daily chart.

✍️ A hammer candlestick is a bullish reversal pattern that occurs at the bottom of a downtrend. Some traders also use it as a trading setup. pic.twitter.com/ckYP2IvEWw

— Trader Tardigrade (@TATrader_Alan) January 19, 2026

The hammer candlestick has a large lower wick and a small body, which generally occurs at the end of a downtrend. It implies that the price was pressed down by sellers throughout the day, and the buyers again took control, bringing the price up.

3. Injective (INJ)

Amidst the broader market decline today, INJ is trading in green with a modest gain of 0.20% over the last 24 hours. This latest rally follows the downtrend observed on the weekly chart, where the altcoin dropped by almost 10%. Additionally, its market cap has climbed to $460 million.

Injective rolled out a governance proposal to reduce the supply of INJ, and it was approved by 99.89%. The new structure reduces new token issuance and accelerates the buyback-and-burn program, which utilizes protocol revenue to remove INJ permanently from circulation. Moreover, the update is designed to transform INJ into one of the most deflationary assets over time.

🚨 BREAKING: The governance proposal to begin the next phase of $INJ has passed with 99.89% of community members voting YES.

The new chapter of INJ is live now to dramatically reduce the token supply, enabling INJ to become one of the most deflationary assets over time. pic.twitter.com/GuKF96DNzy

— Injective 🥷 (@injective) January 19, 2026

Meanwhile, this development reinforces Injective’s efforts to make token supply consistent with network activity. A total of 6.85 million INJ have been burnt since the mainnet release. These changes will see the protocol anticipate a faster rate of deflation. Moreover, it will confirm the long-term worth of the token, making it one of the best altcoins to purchase today.