Can Ripple (XRP), Solana (SOL), and Sui (SUI) Sustain Momentum to Reach All-Time Highs?
A crypto rally is still taking place. However, altcoins need to take advantage of the current favourable macro indicators before the bullishness falters. Can Ripple (XRP), Solana (SOL), and Sui (SUI) get back to their all-time highs before this happens?
$XRP sideways price action heading towards breakout
Source: TradingView
The $XRP price is currently about 36% below the all-time high of $3.40. While the 2-week chart shows the slow sideways price action is still happening, the descending trendline could be reached in the next few weeks, or even quicker, depending on whether a surge to the upside materialises.
The Stochastic RSI at the bottom of the chart has the indicators angled upwards, and if this does result in a general swing back up, this certainly could signal enough upside price momentum to take $XRP back to, and beyond, its all-time high.
$SOL is below a mass of strong resistances
Source: TradingView
The 2-week chart for $SOL shows that the price is really only in the very early stages of this next potential upside leg. Gaining firm support at $145 has to happen first, and only then can the $SOL bulls start to make the attempt on the first of a series of strong resistance levels.
In fact, the $SOL bulls can not consider themselves out of the woods until they get the price back above $200. Can this happen by the end of this year? Yes, but the bulls will need to help to form some strong green candles, and avoid deep corrections. This is potentially their last opportunity to get back to the $294 all-time high before the bear market starts to dig its claws in.
A $SUI all-time high could be a formality
Source: TradingView
The weekly chart for $SUI looks good, as long as the bulls can push the price above the $3.38 horizontal resistance, and confirm above. The Stochastic RSI at the bottom of the chart has the indicators approaching the top. If the bulls can keep those indicators at the top like they did in the last upward surge, taking out the all-time high could be a formality.
On the negative side of things, a failure to get above the current resistance level could see the price return to the $2.34 support level.
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.
