The crypto market continued to see significant volatility this week, with many US-made coins attracting investor attention. Five notable cryptocurrencies include XRP, Pi Network (PI), Story (IP), Jupiter (JUP), and Aerodrome Finance (AERO).
Each of these coins has had significant developments, from XRP's recovery to JUP and AERO's sharp corrections to IP's incredible growth. Here's a detailed breakdown of how each coin fared this week.
XRP: Regulatory Momentum
XRP remains one of the largest US coins by market capitalization. Over the past month, XRP has lost nearly 17% of its value but has recovered about 6% over the past week. The recent rally has caught investors' attention, especially amid speculation that the US Securities and Exchange Commission (SEC) may reclassify XRP as a commodity.
If regulatory developments turn out to be favorable, XRP could head towards key resistance levels at $2.47, $2.64, and even $3. On the other hand, if selling pressure returns, XRP could fall to support levels at $2.21 or $1.90.
Pi Network (PI): One of the Biggest Launches But Under Pressure
PI quickly reached a market cap of nearly $20 billion after its launch but has lost more than 20% of its value in the past 30 days. This was partly due to controversy surrounding the implementation of the ".pi" domain and a sharp sell-off after the token moved to mainnet.
Currently, PI is hovering around the $1.23 support level, and if it continues to decline, it could drop below $1.20. However, if the uptrend resumes, PI could test the $1.57, $1.82 resistance levels and even cross $2 for the first time since early March.
Story (IP): Strongest Gainer of the Month
Story (IP) is one of the best-performing altcoins over the past 30 days, with a gain of nearly 235%. The strong rally has pushed IP’s market cap to nearly $1.4 billion, making it one of the most notable tokens.
Recently, IP has been consolidating after a major price increase. If it continues to move higher, it could test the $6.66, $6.96 resistance levels and even cross $8. On the contrary, if a correction occurs, IP could fall to $5, or even $3.65 in the event of strong selling pressure.
Jupiter (JUP): Sharp correction but still a potential project
Jupiter, one of the key coins in the Solana ecosystem, has fallen by nearly 45% in the past 30 days. Despite the sharp correction, JUP is still one of the highest-earning protocols, with $27 million in earnings over the past week, just behind Tether and Circle.
If the Solana ecosystem recovers, JUP could head towards the resistance levels of $0.54, $0.598, and $0.63. However, if the downtrend continues, the price could test the $0.48 support or even drop below $0.40 for the first time.
Aerodrome Finance (AERO): Strong Performance But Price Still Under Pressure
AERO is the largest decentralized exchange (DEX) in the Base ecosystem and has reached a transaction fee of up to $1 million in the past week. However, despite strong fundamentals, AERO price has dropped more than 38% in the past 30 days, trading at its lowest level since October 2024.
If the downtrend continues, AERO could test the $0.48 support level. Conversely, if the upside momentum resumes, the token could target the $0.56, $0.61 resistance levels and potentially $0.739 if buying pressure is strong.
Conclusion
The crypto market continues to be volatile with mixed trends among projects. While XRP and IP show signs of recovery, PI, JUP and AERO remain under pressure. Keeping an eye on market developments, as well as regulatory factors and general ecosystem trends, will be important to identify investment opportunities going forward.
