Cryptocurrencies News Today

The cryptocurrency market has entered a high-volatility phase, with SUI, XRP, and Bitcoin all experiencing significant price swings. SUI is teetering at a key support zone, raising concerns of a potential 40% crash. Meanwhile, XRP bulls are struggling to hold ground, and Bitcoin remains under pressure amid macroeconomic uncertainty. With major technical levels in play, the coming days could determine the next big move for these digital assets. Here’s what traders need to watch. SUI Price Outlook: Will Bears Trigger a 40% Drop? SUI has been one of the most volatile altcoins in recent weeks, plunging after failing to hold its recent highs. The token is currently at a crucial support zone near $3.10, a level that could dictate whether the price stabilizes or sees an extended decline. Key Technical Levels Resistance: $3.95, $5.38 Support: $3.10, $2.35, $1.61 SUIUSD price today Feb 4, 2025 SUI’s bounce from $3.10 suggests some buyers are stepping in, but upside momentum remains weak. The MACD remains in negative territory, reinforcing the bearish outlook, while the RSI near 43 indicates that the market is nearing oversold conditions but isn't yet signaling a strong reversal. Scenarios to Watch Bearish Case: If $3.10 breaks, a rapid decline toward $2.35 and potentially $1.61 could follow, aligning with projections of a 40% crash. Bullish Case: A breakout above $3.95 would invalidate the bearish bias, potentially leading to a move toward $5.38. SUI’s next big move hinges on whether buyers can keep SUI price above $3.10. If not, the selling pressure could intensify, making a steep correction more likely. XRP Price Prediction: Bulls Struggle to Defend $2.21 Support XRP has had a strong uptrend in recent months, but recent ripple price action suggests that bulls are losing control. The token is battling to stay above $2.21, a level that could determine whether it rebounds or plunges further. Key Technical Levels Resistance: $2.72, $2.89, $3.40 Support: $2.21, $1.94, $1.64 XRPUSD price today Feb 4, 2025 The MACD is signalling ongoing bearish pressure, while the RSI at 42.44 shows that XRP is approaching oversold conditions. However, without a strong catalyst, a deeper correction remains possible. Scenarios to Watch Bearish Case: If $2.21 fails, XRP could see an accelerated drop toward $1.94, with $1.64 as the next key downside target. Bullish Case: A breakout above $2.72 could shift momentum back in favor of bulls, setting up a potential rally toward $3.40. For now, XRP’s price action remains fragile. The $2.21 level is critical, and a failure to hold above it could trigger a deeper selloff. Bitcoin Price Forecast: Can Bulls Prevent a Breakdown Below $91,252? Bitcoin remains caught in volatile bitcoin price swings, with macroeconomic factors adding to uncertainty. Growing US-China trade tensions and investor uncertainty have kept Bitcoin’s rally in check, leaving it at a crucial crossroads. Key Support and Resistance Levels Resistance: $99,525, $109,391 Support: $91,252, $82,688 Bitcoin price today Feb 4, 2025 Bitcoin has struggled to reclaim $99,525, a key resistance level that has rejected multiple breakout attempts. The MACD is trending downward, while the RSI at 47.35 shows neutral momentum, suggesting that the price could go either way. Scenarios to Watch Bearish Case: A drop below $91,252 could send Bitcoin toward $82,688, triggering a larger correction. Bullish Case: A break above $99,525 could revive bullish momentum, with a potential rally toward $109,391. Bitcoin’s next move will likely depend on broader market sentiment. If macro concerns continue weighing on risk assets, BTC could struggle to regain its bullish trend. Final Thoughts: Will the Market Rebound or Extend Losses? The crypto market is at a turning point, with SUI, XRP, and Bitcoin all sitting at key support levels. A breakdown from current zones could trigger further losses, but a strong defense from buyers could spark a major recovery.