Top cryptocurrencies to watch: Pi Network, XRP, Sui

Because of its technicals, Ripples token will be in the spotlight this week. The chart below shows that the XRP price was trading at $2.17 on Sunday, a notable level for two reasons. First, it is along the 50-day Exponential Moving Average, which has provided substantial resistance in the past few months.

Second, the price is along the descending trendline connecting the highest levels since January 16. This trendline is the upper side of the descending triangle, whose lower side is at $1.9437.

A descending triangle is a popular bearish chart pattern. Therefore, the coin will need to rise above the slanted trendline and the 50-day moving average to invalidate the bearish outlook of the triangle.

XRP price chart | Source: crypto.newsPi Network: Will the consolidation end？

Pi Network will be a top cryptocurrency to watch this week as its consolidation continues. It has remained at $0.6350 in the past few weeks, and it did not participate in last weeks crypto recovery.

Therefore, this consolidation may be calm before the storm since all Pi needs is a minor catalyst, and its price will go parabolic. A potential catalyst will be an exchange listing by one or more tier-one companies. HTX, a top exchange that is advised by Justin Sun, has been sending hints that it will list it soon. For example, Pi Network has appeared on several X posts, including the one shown below and this one.

Other top cryptocurrencies to watch this week include Cetus Protocol, Maverick Protocol, Optimism, Pendle, and Morpho, which will have token unlocks, and BSC will launch the Lorentz upgrade.