XRP News Today: SUI Dips 2.95% as Bearish Fractal Signals 16% Drop Risk

Sui (SUI) has shown continued bearish pressure, with a 2.95% decline on the day, extending its weekly slide to 12%. Technical analysis highlights a bearish fractal pattern that mirrors prior declines and signals potential for further downside [1]. The price action has mirrored a previous cycle in which SUI failed to hold above its 25-day moving average, leading to a breakdown toward the 100-day MA and ultimately a 22% drop toward the wedge’s lower boundary. Now, SUI has broken below the 100-day MA at $3.42 and is trading around $3.36, echoing the same bearish conditions [1].

The fractal repetition suggests that the current breakdown could lead to a similar drop, with the next key support level estimated near $2.80, implying a potential 16% decline from current levels [1]. Analysts on TradingView have also identified immediate support at $0.2027, which, if broken, could trigger increased selling pressure and push the price lower [2]. A failure to hold above $0.1715 would further validate the bearish scenario and open the door to extended losses [2].

The broader market context also weighs on SUI, as the altcoin segment faces a cooling momentum. While most attention remains on major players like Dogecoin and XRP, SUI’s performance could be influenced by the generalized correction in altcoins. For example, XRP has shown short-term bearish signals, with forecasts suggesting a 25–70% decline [3]. This reinforces the likelihood of a broader selloff affecting SUI as well. Volume patterns and a consolidation into a flag pattern suggest the market is in a transitional phase, with a decisive breakout expected to determine the next directional move [4].

Although these signals are based on technical indicators and not formal analyst forecasts, the fractal breakdown and support levels are being closely watched by traders as key inflection points. No official price target has been set by fundamental analysts, and the price movement remains subject to broader market volatility and on-chain activity. A reclaim of the 100-day MA at $3.42 would invalidate the current bearish setup and provide bulls with an opportunity to stabilize the trend [1].

With the fractal breakdown in place and broader altcoin weakness in play, the near-term outlook for SUI appears skewed to the downside. Traders are advised to monitor key levels for potential reversals or breakouts, especially as the Jackson Hole event looms, with Fed Chair Powell’s speech expected to influence risk sentiment in the coming hours [1].

Sources:

[1] Coinmarketcap. (2025, August 22). https://coinmarketcap.com/community/articles/68a85d46fe224d6947a42547/

[2] TradingView. (2025, August 15). https://www.tradingview.com/symbols/DOGEUSDC_F4CC5C.USD/ideas/page-8/

[3] CryptoWeekly. (2025, August 21). https://cryptoweekly.co/news/xrp-crypto-news-price-correction/

[4] TradingView. (2025, August 15). https://www.tradingview.com/symbols/DOGEUSDC_F4CC5C.USD/ideas/page-5/