XRP,ADA,SUI Return To Major Support Levels After Volatility

Ripple (XRP), Cardano (ADA), and Sui (SUI) have recently returned to major support levels, marking a significant shift in the altcoin market. This development comes after a period of volatility that saw these cryptocurrencies plummet below key technical support levels. The downturn was particularly pronounced for XRP, which experienced a 13% drop to $1.79 following a shock related to Trump tariffs. This event underscored the sensitivity of the crypto market to external economic factors.

Looking at the XRP price on the daily time frame, it can be seen that it has confirmed below the $1.96 horizontal level. This means that it has been flipped into resistance, and that the price could continue to break down from here. In support of the bulls, the wick all the way down to $1.60 on Monday served to test the 0.618 Fibonacci level for the entire price action in the chart above. Once it got there, it was bought back up very quickly, leaving a bullish long wick behind it. The weekly time frame for XRP shows a series of steps down to support levels. Given the rapidity of the rise in the price of XRP, there is not a great deal of price structure supporting these horizontal levels. Therefore, if there was another very substantial price crash across the stock market and crypto, there is quite some distance to drop each time XRP were to fall through a level. That said, the XRP price has fallen around 35% over the last three days, so it might be expected that $1.62 does now become a good support.

Cardano (ADA) has also been under scrutiny, with its Fear and Greed Index serving as a sentiment indicator. This index, updated every 15 minutes, reflects the overall market sentiment towards ADA, providing insights into investor confidence and potential market movements. The index is based on a variety of indicators, offering a comprehensive view of the market's emotional state. The ADA price is at a big support level and the bulls will need to hold here. There is more good horizontal support down at $0.45, but if this is still a bull market, for a leading cryptocurrency such as ADA to be this far down from its highs is not good. Any lower falls in price will just make a lower low, and with a failed rally already in evidence, there is a long way for ADA to go in order to restore lost confidence.

Sui (SUI) has shown resilience despite the broader market volatility. In the first quarter of 2025, SUI underwent a series of network upgrades and ecosystem integrations, leading to an increase in both Total Value Locked (TVL) and wallet activity. This positive development suggests that SUI is well-positioned to continue its growth trajectory, even as other altcoins face challenges. The macro picture for SUI looks fairly clear. Strong horizontal support has been found at $1.91, and the price is currently bouncing from there. Up above, $2.35 has become the major resistance level. With not too much in between support and resistance, it may be that the price bounces around from one to the other, until the macro-economic picture changes.

The recent market dynamics have also sparked discussions about the potential for further expansion in the cross-border payments sector. Ripple's settlement in March 2025 positioned the company for potential growth in this area, increasing the likelihood of an XRP ETF. This development could set the stage for further gains in the XRP market, as investors anticipate increased adoption and utility. Overall, the return of XRP, ADA, and SUI to major support levels highlights the resilience of these altcoins in the face of market volatility. While external factors such as tariffs and economic shocks can impact short-term performance, the underlying fundamentals of these cryptocurrencies remain strong. Investors and analysts will continue to monitor these developments closely, as the altcoin market navigates the challenges and opportunities ahead.