Top Cryptocurrencies to Watch This Week: Pi Network, XRP, and Sui
By Crispus Nyaga | April 27, 2025, 4:00 PM UTC
Cryptocurrency markets saw a significant upswing last week, spurred by remarks from U.S. President Donald Trump indicating ongoing trade talks with various nations. This boost propelled Bitcoin (BTC) above $95,000 for the first time in over a month and contributed to a surge in the market capitalization of Solana (SOL) meme coins, which now exceeds $10 billion. Investors are closely monitoring several digital currencies this week, with a particular focus on Pi Network (PI), Ripple (XRP), and Sui (SUI).
Sui Token Unlock: A Potential Market Disruption
Sui, a prominent layer-1 network, has been one of the standout performers in the cryptocurrency space. Recently, SUI climbed to $3.80, marking a 110% increase from its lowest point earlier this month. The price surge can be attributed to a significant uptick in trading volume among the meme coins within its ecosystem, which has led to a remarkable 60% rise in weekly decentralized exchange (DEX) activity. Over the past week, these protocols processed more than $3.43 billion in transactions, contributing to a total of over $11 billion in monthly transactions.
However, some analysts predict that Sui’s upward momentum may face a challenge due to an impending token unlock scheduled for Thursday. The release will see approximately $120 million worth of tokens entering circulation, a situation that typically results in price dilution for existing holders. Technical indicators suggest that SUI may be overbought, with the Relative Strength Index (RSI) climbing to 77, indicating that a price correction could be on the horizon, with potential support around $2.8150. ### XRP: Testing Key Technical Levels
XRP is also gaining attention this week as it hovers around a critical price point. Trading at approximately $2.17 on Sunday, XRP is at an essential juncture, corresponding with the 50-day Exponential Moving Average, which has proved to be a key resistance level in recent months. Additionally, the price is situated along a descending trendline that has defined the upper boundary of a bearish descending triangle pattern.
Technical analysis suggests that for XRP to shift its current bearish outlook, it needs to breach both the slanted trendline and the 50-day moving average. Failure to do so could result in a decline toward the lower end of this descending triangle, located at around $1.9437. ### Pi Network: Awaiting a Catalyst for Change
The Pi Network remains an intriguing cryptocurrency to watch, currently trading at $0.6350. Despite witnessing the broader crypto market’s recovery, Pi has remained stagnant in its consolidation phase. This situation could signal a buildup before a significant movement, as a small catalyst could lead to a price surge.
Market analysts are particularly attentive to potential exchange listings by major platforms, as these announcements could provide the necessary impetus for Pi Network to break its current price ceiling. Notably, HTX—a leading exchange associated with well-known entrepreneur Justin Sun—has hinted that it may soon list Pi Network, which could energize market sentiment and drive community engagement.
Additional Cryptocurrencies to Monitor
In addition to Pi Network, XRP, and Sui, other cryptocurrencies worth watching this week include Cetus Protocol, Maverick Protocol, Optimism, Pendle, and Morpho. Many of these have token unlock events on the horizon, and Binance Smart Chain (BSC) is set to launch the Lorentz upgrade, which could influence market dynamics further.
As the cryptocurrency landscape continues to evolve, investors and traders should stay informed about these developments to make educated decisions regarding their investments in the rapidly changing digital currency market.
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