- Analysts watch four key altcoins, XRP, LINK, SEI, and SUI, for a rally in July
- XRP has formed a bullish technical pattern, while SEI has seen a 47% price surge
- Chainlink and SUI are also showing signs of strength with new institutional interest
Bitcoin is nearing its all-time highs, but the altcoin market is still lagging behind, with many tokens down nearly 50% from their peaks. While most of the market remains quiet, a few altcoins like XRP are showing bullish signs. Alongside XRP, other projects like Chainlink, SEI, and SUI also have important updates lined up this month that could spark fresh price action.
Here’s a look at four altcoins that could make headlines in July.
XRP
XRP has traded in a narrow range between $2 and $2.40 over the last three months but July could be a big month for the token.
A technical pattern called a “symmetrical triangle” has formed on the XRP chart, and this often means a breakout is near. To confirm this, XRP will need to push past the $2.40 resistance level.
For now, XRP sits at around $2.23, and experts are watching closely for a decisive move.
Related: Top Trader Predicts Altcoin Season To Follow The Ongoing Bitcoin FOMO
Chainlink (LINK)
Chainlink continues to be one of the most important infrastructure projects in crypto, even if its price hasn’t reflected that lately.
Despite partnerships with big companies like Visa and its role in powering smart contracts and real-world asset data on blockchain, LINK has struggled to break higher.
Currently trading around $13.24, the next important level is $18. If Chainlink can stay above that, it might open the door for a push to $24 or even $32 later in the year.
Related: Top Crypto Analyst Sees Bitcoin “Consolidating Nicely” Before Breakout
SEI
SEI’s latest price move shows its trails of a comeback. After a poorly handled airdrop in the past, the project has gained ground again, especially after it was revealed that Circle, the issuer of the USDC stablecoin, holds an impressive amount of SEI tokens.
The news helped fuel a 47% price surge over the last month, with SEI currently trading above $0.28 and stands out as among the better-performing altcoins in July.
SUI
Lastly, the SUI network has been making progress. Even though the altcoin market overall has struggled, SUI has stayed active behind the scenes. Over the past nine months, it attracted interest from institutional investors, with 21Shares even filing for a U.S.-based SUI ETF.
SUI recently crossed a major milestone, surpassing $500 billion in total token volume. The price of SUI now sits around $2.78, and the analyst said that it offers a good entry point for long-term holders. Some predictions say that the price could reach $15 later in 2025.
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Source: https://coinedition.com/top-four-altcoins-july-breakout-xrp/