Price Analysis
  • Mustafa Mulla
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    Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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XRP, SUI, and HBAR Price Analysis: Key Levels to Watch This Week

Story Highlights
  • XRP experienced a price recovery followed by a correction, facing resistance around $2.64.

  • SUI saw a significant price surge driven by partnerships and ETF news, but it's still struggling to break above the $3 mark.

  • HBAR is in a bullish phase, with its price supported by EMA structures and a potential breakout from a symmetrical triangle pattern.

Like Bitcoin and Ethereum, XRP started a recovery from the $2.20 level, moving past the $2.55 resistance. However, strong selling pressure at $2.64 caused a pullback, bringing the price back below $2.54.

On the XRP/USD hourly chart, the price dropped below a key trend line that had support at $2.55. It also slipped under the 50% Fibonacci retracement level of its recent rise from $2.211 to $2.6390.

Key Levels to Watch

  • Resistance: The first major hurdle is $2.5702, followed by $2.64. If XRP breaks past this, it could reach $2.72, with potential for further gains toward $2.80โ€“$2.85. A strong rally could even push it to $3.00.
  • Support: If XRP fails to break $2.5702, it might decline again. The first key support is at $2.4250, followed by $2.3750, which aligns with the 61.8% Fibonacci retracement level from $2.211 to $2.6390.

SUI Trading Volume Surpasses $20B, SUI to Break $3? 

The SUI coin defies market slump, surging 7%, from $2.6845 to $2.97 on Friday after Sui coin trading volume surged past $20 billion, signaling a potential shift in market dynamics. SUI price hike is also fueled by a strategic partnership with Trump-linked DeFi protocol World Liberty Financial (WLFI) and news that Canary Capital filed to establish a trust entity in Delaware for its proposed Canary SUI ETF. 

On the technical side, SUI continues to trade below the $3 mark, struggling to gain momentum. At 59.97, the relative strength indicator(RSI) suggests that the asset is not oversold but remains in neutral territory.

The 50-day EMA, $3.35, and the 200-day EMA, $3.02, both indicate a bearish trend. If selling pressure increases, support is found between $2.70 and $2.50, with resistance at $3.57.

Meanwhile, a 14.53% increase in open interest ($664 million)  over the past 24 hours, indicating growing market activity. Although a breakthrough above $3 could boost momentum, a longer-term recovery will require higher demand and better-decentralized finance activity.

Hederaโ€™s HBAR Set For $0.33?

HBAR’s price has soared by more than 1% in the last 24 hours, and it is now trading at $0.25. Furthermore, Coinpedia reports that Hedera has increased by up to 32% over the last seven days. 

HBAR/USDT is now in a bullish phase, supported by the EMA structure. The (20, 50, 100, 200)-day Exponential Moving Averages (EMAs) show the 20 EMA passing above the 50 EMA, indicating bullish momentum. The 200 EMA is currently performing as a dynamic support level at 0.24414 USDT.

This symmetrical triangular pattern on the hourly HBAR price charts, shown by yellow solid lines, is centered around the trend line of $0.255. If the positive momentum continues, the immediate resistance is $2.88. A breakout might take the price above $0.3306.

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