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Reading: Analysts’ Chart Comments: XRP, SUI, and ETH Poised to Breakout
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EdaFace Newsfeed > Latest News > Technical Analysis > Analysts’ Chart Comments: XRP, SUI, and ETH Poised to Breakout
Technical Analysis

Analysts’ Chart Comments: XRP, SUI, and ETH Poised to Breakout

vitalclick
Last updated: September 17, 2024 8:54 pm
4 months ago
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Contents
XRP Coin CommentETH Price PredictionSUI Coin Comment

Bitcoin (BTC) $58,845 price Above $60,000 and less than 24 hours until the Fed’s interest rate decision. Altcoins are rallying again, while US stock markets hit new highs today. While the reversal of the US market decline is positive for crypto for now, Gold and SPX are making ATHs, while BTC remains very weak. Now let’s take a look at the current price predictions for XRP, SUI and ETH from 3 different crypto analysts.

XRP Coin Comment

One of the largest altcoins by market cap and Ripple $0.5864 is now about to get rid of the SEC scourge on top of it. Although the SEC will try to turn the game in its favor in overtime with a possible appeal in October, the chances of success seem slim. There are different views on the appeal Ripple executives claimed a few months ago that the SEC would not waste time with the appeal.

Returning to the price chart, Carl drew attention to the symmetrical triangle formation in his analysis today and said that the breakout is approaching. If the expected upward breakout occurs, we may see new tests at $0.615 and $0.65.

ETH Price Prediction

The largest altcoin is Ether, but it is also one of the worst performers, even the ETF did not give the desired result. Although the outlook is positive in the medium and long term, some reasons such as the coin inflation turning positive hurt it. The analyst known by the nickname Crypto Fella shared the key breakout levels below today and wrote the following.

“Ethereum $2,310 wants to break the structure and change the short-term momentum. In my opinion there are 2 scenarios;

We will make a run towards $2,800 in one go and break this level to make a higher high.

“Or we will retest support at $2,100 before the next attempt at a recovery. If this scenario plays out, we will likely see some slow moves back to previous levels, which would eventually mean more upside.”

SUI Coin Comment

Recently SUI Coin started seeing more comments about. Well-known crypto investor Raoul Pal also shared his bullish expectations today, saying, “SUI Coin is acting like one of the best selected assets.”

“The chart has emerged from the inverse head and shoulders, which is an important first step.”

If the rise starts, the last major peak above $2.2 could be targeted. For this, the BTC price must reclaim $61,700 and turn it into support.

Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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