- USDT Dominance Drops, Opening Door for Altcoin Growth
- XRP Trades Near Critical $2.05 Support as Momentum Weakens
- Sui Loses Steam Despite Daily Gains as RSI and MACD Turn Bearish
USDT currently shows declining signs of market dominance within the cryptocurrency sector; the market development presents possibilities for an upcoming altcoin price increase. The decrease in United States Tether dominance becomes visible when LMACD displays bearish cross patterns, suggesting an approaching market transformation.
After this established pattern, the altcoin market saw an increase starting in November 2024 that could potentially repeat itself next year.
However, USDT dominance experienced a downward spiral during May 2025, which opened opportunities for other cryptocurrencies to grow their market presence. Investors monitor the market to observe potential altcoin performance increases that mirror historical market cycle changes.
XRP Trades Near Critical $2.05 Support as Momentum Weakens
XRP is trading at $2.13, a 3.04% decrease during the past 24 hours. XRP currently rests at a crucial support threshold that approaches a price of $2.05. A price decline may extend to significant depth if the support level gets penetrated.
The Relative Strength Index (RSI) holds at 47 and keeps XRP in an indeterminate price bracket.
The currency continues its downward movement, but the RSI has not reached oversold conditions, allowing additional price to decrease.
However, the price movement reading of the MACD displays a cautious signal with its position. The MACD indicator and its signal lines indicate no momentum since they rest close to the zero line. A downward crossover forms on the charts, which may result in stronger market sell-offs once confirmed.
In addition, XRP shows potential growth opportunities for the market, but it requires a change in investor perception. The token shows resistance at the $2.29 price point, corresponding with the 0.236 Fibonacci level. The market can advance above $2.29 for greater resistance at $2.40 (0.382 Fib) or $2.58 (0.618 Fib). A forceful upward surge toward these resistance levels may drive the XRP value to $3.32 (1.618 Fib extension).
XRP Faces Bearish Pressure as Triangle Pattern Tightens
The XRP price formed a descending triangle pattern that continues to evolve from late 2024. The descending triangle pattern within a strong uptrend indicates bearish price action since it forms a flat support zone and a downward-sloping resistance level.
The price normally rises above the flat support level during pattern resolution. The price may decrease up to the maximum triangle height anytime support breaks. This technical formation shows that XRP will likely encounter additional price declines according to current market conditions unless it maintains support at $2.05.
Sui (SUI) Shows Short-Term Decline
The market value of Sui (SUI) increased by 4.62% to trade at $3.42 throughout the previous day. The market capitalization of Sui maintained stability at $11.41 billion through its price fluctuations. However, during the 15-minute time frame analysis, the asset surged back to recover previous trading losses.
RSI value indications point to speed deceleration; it has declined to 46.68 after reaching 53.45 as its peak.
The short-run market dynamics for Sui have become negative based on MACD examination showing continued downward price predictions.
