Sui ‘A Key Pillar’ To The Next Altseason — Analyst Asserts As XRP Demand Dwindles

Sui (SUI) is positioning itself as a frontrunner in the next altcoin season, according to prominent analyst Michael van de Poppe, who highlighted key onchain metrics and market structure that support a sustained bullish outlook.

“Break The Trend” Signals New SUI Bull Cycle

Van de Poppe’s chart of the SUI/USDT pair illustrates three periods where SUI broke its prevailing downtrend by printing higher lows and higher highs, a classic sign of bullish reversal.

The most recent breakout occurred in May 2025, when SUI surged from $2.30 to above $4.30 before retracing toward $3.20, maintaining its higher low structure.

“$SUI remains to be one of the core pillars of the upcoming bull cycle,” the analyst wrote on X. He emphasized that this repeated technical pattern reinforces the thesis of a longer-term uptrend, as each breakout zone historically preceded major upward moves.

Beyond the chart, van de Poppe points to strong fundamentals:

• 8th largest total value locked (TVL) among all chains.
• Suilend, the ecosystem’s flagship lending platform, grew 90% in TVL month-over-month, now holding over $700 million.
• Over 10% of SUI’s TVL is tied to Bitcoin-related assets, indicating rising demand for BTC-native DeFi.
• Multiple institutional ETF filings for SUI are reportedly in motion, though not yet approved.

Institutional Flows Mirror Sui’s Rise, XRP’s Decline

Data from CoinShares supports van de Poppe’s thesis. For the week ending June 7, Sui investment products recorded $1.1 million in inflows, a rare positive print during a week when XRP saw $4 million in outflows.

The divergence marks a shift in institutional sentiment, with capital rotating out of underperforming assets and into perceived growth plays.

XRP has posted 350% gains since November 2024 but now appears to be facing a period of capital rotation. As institutional attention shifts toward newer ecosystems like Sui, XRP may be experiencing temporary cooling after a strong multimonth rally.

SUI, XRP Price Prediction: Which Altcoin is Showing Signs of Booming?

From a technical perspective, XRP is facing rejection from the upper trendline of its descending flag on the 3-day chart, suggesting a likely move toward the lower boundary near $1.65, which aligns with the 200-3D exponential moving average (200-3D EMA; the blue wave).

The RSI is neutral near 50, and declining volume supports a potential pullback. Unless XRP breaks above $2.50, the path of least resistance appears lower.

SUI is trading within a well-defined ascending channel, rebounding from its lower trendline support near $2.80. The price has reclaimed the 50-day and 200-day EMAs and is now targeting the channel’s upper boundary, which aligns with the 1.0 Fibonacci level near $5.30.

Momentum indicators like RSI are curling upward from neutral territory, supporting the bullish case. As long as SUI holds above the channel’s midline (~$3.20–$3.40), a breakout toward $5.30 appears likely.