The cross-border payment coin called Ripple (XRP) is showing resilience amid the ongoing downtrend. Its price has remained above $2 despite attempts from bears to pull it to former lows. Another coin that has shown strength is the Lunex Network.
It has increased its gains to 283%, gaining the attention of investors looking for the best cryptocurrency investment. Analysts forecast LNEX’s price could surge to $1 soon. Meanwhile, Sui (SUI) is targeting $5.
Ripple (XRP) Bulls Outshine Bears
The Ripple price recorded a sharp decline on Friday. Its price dropped below $2, sending panic and FUD among investors. Fortunately, bulls were present at this level to force a reversal.
This move confirms the level of strong support that could hold in the case of another trend. Besides, CoinMarketCap data indicates that Ripple (XRP) has been trading above this level since December 2.
Due to the downtrend, the Ripple coin price has dipped by 9.4% on the weekly timeline. Nevertheless, technical analysis shows it is still bullish. The relative strength index is above the midline which means bulls are in charge.
Ali Tekin forecasts the value of the Ripple crypto might rise to $3.5 soon. Another analyst called CryptoFayz gives a higher target. He told his followers that XRP is going to $5.
Sui (SUI) Prints Higher Lows Amid Downturn
The Solana killer is showing downward movement on the price charts. The Sui coin is mirroring the bearish trend in the crypto market. According to data from CoinMarketCap, the value of Sui (SUI) has declined by 21.2% in the weekly timeframe.
Nevertheless, the DeFi coin remains bullish on higher time frames. The monthly and yearly levels currently had prior increases of 1.6% and 439.4%.
Going forward, analysts are hoping for a trend reversal. One of them is CryptoBullet1. They posted a Sui price chart which showed the cryptocurrency has printed another higher low.
In addition to this, the chart shows the value of Sui (SUI) usually increases after such lows. CryptoBullet1 believes this scenario could play out again this cycle. If this happens, the Sui price might surge to $5.4 in the coming weeks.