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Recently, the activity level of the cryptocurrency market has continued to rise, and investors are closely watching the performance of altcoins, hoping to discover the next investment hotspot. This article will focus on three notable cryptocurrencies: Jupiter (JUP), Pi Network (PI), and XRP, analyzing their market performance and future potential.
Jupiter (JUP) has shown remarkable performance recently, with significant short-term gains. Over the past week, the JUP price has increased by 28.31%, and the monthly increase has reached as high as 77.98%. However, from a six-month perspective, JUP is still down nearly 19.95%. This pattern of rapid short-term rises and long-term declines reflects the high volatility of market sentiment.
The current trading range for JUP is between $0.34 and $0.57. $0.69 is its main resistance level, while $0.92 is a secondary resistance level, and the support level is around $0.21. It is worth noting that JUP's Relative Strength Index (RSI) is close to 76.896, indicating an overbought state, which may suggest a pullback in the short term. Investors should look for suitable low buy opportunities and remain cautious as they approach the resistance level.
Pi Network (PI) shows a different trend. Despite a slight decline of 4.84% last month, it achieved an increase of 7.27% last week. This change in trend may indicate that PI is building up upward momentum.
XRP, as an established altcoin, also shows a rise momentum. Recently, the price of XRP broke through a key resistance level, indicating strong upward momentum.
Although these three cryptocurrencies exhibit varying degrees of rise potential, investors should remain cautious. The cryptocurrency market is highly volatile and carries significant risks; investment decisions should be based on comprehensive market analysis and individual risk tolerance. At the same time, closely monitoring market dynamics and the fundamental developments of each project is crucial for seizing investment opportunities.