Ripple (XRP), Solana (SOL), and Sui (SUI) Poised for Price Surge

Bitcoin is at the brink of a major breakout into price discovery and what could be the final blow-off top of this bull market. As it does so, the top performing altcoins are poised to follow. Ripple (XRP), Solana (SOL), and Sui (SUI) are among the best-positioned.

Last big hurdle remains for $XRP

Source: TradingView

The weekly chart for $XRP looks rather bullish going forward. The breakout of the descending trendline is looking fairly definitive, at least this far. Of course, there is still the rest of the week remaining for a possible reversal back under the descending trendline, but that really doesn’t look likely.

The first step after that breakout is to hold above the big support at $2.40. After this, and this could happen soon, the major resistance at $2.59 needs to be broken, with a confirmation above. If these two barriers are overcome, $XRP could sail up into the uncharted waters of new highs above $3.40.

At the bottom of the chart, the Stochastic RSI is signalling that upside price momentum is arriving, while at the very bottom of the chart, the RSI has just seen a cross-up of the indicator line over the moving average. Bullish times are ahead.

So far so good for $SOL

Source: TradingView

The $SOL bulls are continuing their task of pushing the price up through the multiple resistances since the dip all the way down to $95. This was a huge 76% correction in total, and if the price is able to get back to the highs, it will probably be seen as a healthy one. 

So far so good. The price is now above the 0.382 Fibonacci, and the next resistance at $180 has been tagged. If this can be overcome, the major resistance at $202 awaits above. This is the last major level before a big jump to the top of the range formed by the 0.786 Fibonacci at $252.

At the bottom of the chart, the Stochastic RSI shows the indicators heading to the top. Zooming out into the 2-week, and monthly Stochastic RSIs indicators are near the bottom and heading up. Multiple weeks of upside price action could ensue.

$SUI - one more big resistance before all-time high

Source: TradingView

$SUI in the weekly time frame has the indicators on the Stochastic RSI at the top, which is more advanced than for either $XRP and $SOL. However, in the 2-week time frame the indicators are sailing up nicely from the bottom with the promise of more price momentum to come.

The all-time high for $SUI is only 35% from its current level. As long as the crypto bull market continues, $SUI is likely to be one of the first layer 1 altcoins to surpass its all-time high and head into price discovery. Keep your eye on this one.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.