Leading altcoins $XRP, $ADA, and $SUI have all come back to major support. Will this support hold, and can these altcoins bounce back? 

$XRP flips support into resistance

Source: TradingView

Looking at the $XRP price on the daily time frame it can be seen that it has confirmed below the $1.96 horizontal level. This means that it has been flipped into resistance, and that the price could continue to break down from here. 

In support of the bulls, the wick all the way down to $1.60 on Monday served to test the 0.618 Fibonacci level for the entire price action in the chart above. Once it got there, it was bought back up very quickly, leaving a bullish long wick behind it.

Lack of major support below $XRP

Source: TradingView

The weekly time frame for $XRP shows a series of …