In this article, we explore major cryptocurrencies and the factors that could affect their dynamics in the near future.
Ripple XRP
XRP remains one of the largest US-based cryptocurrencies by market capitalization, despite a 17% price drop over the month and a 10% rise over the week. This has caught the attention of traders seeking signs of a stable trend reversal. Positive news in the SEC case against XRP could significantly contribute to growth. If XRP can sustain current momentum and develop an uptrend, it could target the $2.47 resistance level. A breakout above this level could open the way to $2.64 and possibly $3 with strengthening sentiment.
Pi Network (PI)
PI was noted as one of the market's brightest newcomers, reaching a capitalization of $20 billion. However, the token has lost more than 20% of its value over the past 30 days. The massive sell-off began after the token migrated to the mainnet, exacerbating market pressure.
Story (IP)
IP has been noted as one of the most successful altcoins, with its price increasing by 273% over the last 30 days. This rally raised its market capitalization to nearly $1.4 billion. However, in recent days, IP has entered a consolidation phase.
The cryptocurrencies discussed have growth potential under appropriate conditions. Investors and analysts closely monitor developments in these projects.
