Cryptocurrency prices saw a strong rally last week, driven in part by comments from U.S. President Donald Trump, who claimed that trade talks with several countries were underway, although he did not provide specific details. Bitcoin surged past $95,000 for the first time in over a month, while the combined market capitalization of Solana-based meme coins exceeded $10 billion. In this context, Pi Network, Ripple’s XRP, and Sui have emerged as the key cryptocurrencies to keep an eye on this week.
Sui, a leading layer-1 blockchain network, stood out as one of the best performers recently. Its price soared to $3.80, marking its highest point since February 1 and representing a 110% increase from its lowest price earlier this month. The rally was fueled by a sharp rise in meme coin activity within its ecosystem, pushing the weekly decentralized exchange (DEX) trading volume up by 60%. Over the past seven days, platforms built on Sui processed more than $3.43 billion in transactions, with monthly volumes now exceeding $11 billion. However, the momentum could face a hurdle this Thursday when a major token unlock, valued at $120 million, is scheduled. Historically, such unlocks tend to introduce selling pressure, leading to price declines. Technical indicators also suggest caution; the daily chart reveals that Sui is currently overbought, with the Relative Strength Index (RSI) at 77, hinting that a potential pullback toward the $2.8150 support level — the neckline of a double-bottom formation — may be imminent.
Ripple’s XRP is another token positioned at a critical juncture. As of Sunday, XRP was trading around $2.17, an important price point for two main reasons. First, it coincides with the 50-day Exponential Moving Average (EMA), a level that has consistently acted as strong resistance over the past several months. Second, the price sits along a descending trendline that connects the series of lower highs dating back to January 16. This trendline forms the upper boundary of a descending triangle pattern, with the lower boundary at approximately $1.9437. Descending triangles typically suggest a bearish continuation, meaning XRP must break above the descending trendline and the 50-day EMA to nullify the bearish outlook.
Meanwhile, Pi Network remains in a phase of consolidation, trading steadily around $0.6350 for the past several weeks without participating in the broader crypto market rally. This prolonged quiet period could precede a major breakout, especially if a new catalyst emerges. A potential trigger might be a listing on a major exchange; hints from HTX, an exchange associated with Justin Sun, suggest that Pi Network could be listed soon. Several social media posts have teased this possibility, keeping traders alert for an imminent move.
Beyond these three, other notable cryptocurrencies to watch this week include Cetus Protocol, Maverick Protocol, Optimism, Pendle, and Morpho — all of which are facing token unlock events. Additionally, BSC is preparing to roll out its Lorentz network upgrade, adding further excitement to the week ahead.
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