Cryptocurrency Price Analysis – Solana (SOL), SUI (SUI), Ripple (XRP)

Over the past week, the cryptocurrency market has seen significant volatility across major coins and altcoins, including SOL, SUI, and XRP. Each saw significant price fluctuations, impacting broader trends and market sentiment. Below is a technical analysis of these three notable cryptocurrencies, examining their recent performance and prospects.

Solana (SOL) price analysis.

Solana (SOL) currently Trading at $256.62. This asset showed much-needed resilience, settling near the $250 support price level after a 10% decline from its all-time high earlier in the previous week.

On the daily chart, SOL is facing resistance at $270. If the support at $250 holds, bullish momentum could push the price towards $280.

The 4-hour time frame indicates that Sol has entered into a short consolidation while maintaining a bullish outlook. An upside breakout from this consolidation would only lead to further upward movements towards the $280 price, with an immediate support level at $230. However, a downside breakout could take the price down to the $220 price level.

Sui (Sui) Price analysis

SUI is trading near $4.36, up 3.79% in the past 24 hours. Earlier this month, it reached an all-time high of $5.35. The main support and resistance levels are located at $3.98 and $5.14, respectively. The support level is in line with the uptrend line, which may indicate an upward bounce.

Ripple (XRP) price analysis.

XRP is currently trading at $3.14. Over the past week, it tried to break the $3.40 resistance level but faced sharp rejection. This indicates a potential consolidation phase for the market between $2.91 and $3.40.

Holding the support at $2.91 could increase the possibility of a break above $3.40, potentially targeting $4 and $4.84.

On the 4-hour time frame, XRP remains in a tight consolidation zone, but expert traders are looking for a bounce from the support level at $2.91. This is a result of the overall upward trend of the market. A potential breakout to the upside could take the price to the $4.00 price level.

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