As the first week of April unfolds, the American-made cryptos ๐ชare painting a picture of mixed fortunes, with XRP, SUI, and Pi Network (PI) leading the dance. XRP, despite its market cap supremacy, has stumbled, recording the most significant drop among the top 10, plummeting 10.6%. ๐
SUI, the lone beacon of hope, has managed a 3.8% gain, displaying a rare show of strength amidst the general malaise. Meanwhile, PI has hit rock bottom, nosediving over 23% and remaining stubbornly below the $1 mark. ๐ฃ
XRP: The Fallen King ๐
Once the crown jewel of American cryptocurrencies, XRP’s market cap dominance is now overshadowed by a staggering 10.6% weekly loss, the steepest among the elite ten. With Trump’s “Liberation Day” just around the corner on April 2, this downturn could well be the setup for a dramatic comeback. ๐ซ
Should XRP regain its footing and embark on an upward trajectory, it might test the resistance at $2.22. A successful breach could propel it towards $2.47, and potentially $2.59, should bullish fervor escalate. ๐
However, if the downward spiral persists, XRP risks revisiting support at $2.06. A breach of this level could spell disaster, dragging it down to the depths of $1.90. ๐จ
Amidst heightened volatility and the potential for a narrative shift, XRP emerges as a critical player to keep an eye on this week. ๐ต๏ธโโ๏ธ
SUI: The Lone Gainer ๐
SUI stands tall as the sole major American cryptocurrency registering gains over the past week, climbing 3.8%, despite a 13% decline over the last month. Its resilience in the face of adversity is truly commendable. ๐คฉ
In the last 24 hours, trading volume has dwindled 15% to $767 million, with a market cap currently at $7.43 billion. ๐ฐ
A recent death cross in SUI’s EMA lines hints at a potential downtrend. Should this bearish signal materialize, prices could tumble to $2.23, with further declines to $2.11 and $1.96. ๐ฌ
Yet, if SUI can defy the odds and reverse course, it might ascend to $2.50. A breakout at this level would pave the way to $2.83, marking a nearly 20% leap from current levels. ๐ข๐จ
Pi Network (PI): The Plunge ๐
Pi Network (PI), the biggest loser among American cryptocurrencies this week, has seen its value crater by over 23% in the past seven days. It has remained steadfastly below the $1 mark throughout the week. ๐ก
Should sentiment improve, PI could stage a comeback towards the resistance at $1.05. A breakthrough here could ignite a rally to $1.23. ๐ฅ
Conversely, if bearish pressure intensifies, PI could find itself testing support at $0.718. A breach of this level could send it crashing to $0.62, its lowest point since February 21. ๐ฑ
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2025-03-30 20:56