Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.

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XRP ($XRP):

Overview

XRP broke out from the previously discussed contraction phase within the grey box on the daily timeframe. After consolidating within this range, XRP moved upwards towards $2.758, but faced rejection, leading to a pullback. The asset is currently trading at $2.5729, sitting within a broader range between $2.758 (resistance) and $1.962 (support).

This movement aligns with prior expectations that XRP would continue ranging within this well-defined zone while waiting for confirmation on the next significant move.

Analysis & key levels

• Support levels:
  • $2.10 - $1.96: The bottom of the range; crucial for preventing further downside.
  • $1.795: The liquidation low from early February, marking a key reaction point.
• Resistance levels:
  • $2.758: The level where XRP recently got rejected.
  • $3.317: A critical resistance level, representing the 2018 all-time high.
• Market structure:
  • XRP remains range-bound, with the potential for either continued consolidation or a breakout on either side depending on market conditions.

Potential scenarios

1. Bullish scenario:
   • XRP holds above the mid-range (~$2.50) and attempts another breakout past $2.758.
   • A successful break and close above $2.758 would target $3.317, which would confirm a bullish continuation.
2. Bearish scenario:
   • If XRP fails to sustain above $2.50, we might see a deeper pullback toward the $2.10 - $1.96 support zone.
   • A break below $1.96 would confirm further downside movement.

Cryptonary's take

XRP is currently playing within a well-defined range, and as expected, the price has moved between $2.758 and $1.962. While the breakout attempt failed, XRP is still holding a strong position, consolidating at mid-range.

For now, patience is key-watching whether XRP builds strength above $2.50 or retraces towards lower support levels will be crucial. This remains a range-trading opportunity until a definitive breakout or breakdown occurs.

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SUI:

Market context

SUI appears to be heading toward the $2.60–$2.40 range, aligning with the broader market weakness. Across the board, we’re seeing sell-offs, structure breaks, and volume favouring sellers, indicating that risk assets remain under pressure.

SUI previously broke out of a bearish trendline, but now looks to be retesting it around $3. Under normal conditions, this could be a potential buying zone, but given the current bearish sentiment and multiple consecutive red daily candles, a deeper pullback remains likely.

Playbook

No action. With sellers firmly in control and no clear bullish catalyst, stepping in too early would be an unnecessary risk. Instead, we let the market settle and allow prices to come to us. The $2.60–$2.40 range remains the key area of interest, and we will reassess if prices move even lower.

Cryptonary’s take

SUI is playing out exactly as anticipated, with downside targets coming into play. There’s no reason to rush an entry while the broader market remains risk-off. Patience is key. Let the price develop and wait for the right opportunity.

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FETCH.AI:

Market context

FET had an exceptional early 2024 performance, rallying nearly 600% from February lows to March highs in just two months. This cycle has proven that there is demand for FET, but since topping out, it has struggled to recover, reflecting a broader theme among altcoins. Many of these assets feel like they are in their own bear market, unable to capture enough attention in an environment where liquidity is fragmented, and speculation dominates. With so many options available, investors are increasingly focused on high-volatility plays rather than long-term holds.

Structurally, FET is now in a clear bearish trend, with a lower low forming on February 3rd, breaking the previous August 5th low. This follows a sequence of lower highs, first in May 2024, and then in December 2024, further confirming downward momentum. The possibility of further downside remains high, especially if market sentiment continues to lean risk-off. In these conditions, capital rotates aggressively, leaving weaker-performing altcoins at risk of continued sell-offs.

Playbook

No action. FET remains in a bearish market structure, and there is no reason to step in prematurely. Assets that are already significantly down can still fall another 50% or more, especially if the broader market enters a prolonged consolidation or bearish period. Sitting on the sidelines remains the best approach until market conditions improve or the price reaches a clearer accumulation zone.

Cryptonary’s take

FET’s inability to reclaim key levels and its consistent lower highs and lower lows suggests that downside risk remains dominant. Just because an asset has already corrected heavily does not mean it can’t go lower. Market sentiment, liquidity, and capital rotation dynamics all point toward further caution. Until there’s a clear shift in structure, the best move is to wait and observe.

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