The crypto market continues to recoil this week as investors dump their tokens, and many others remain on the sidelines amid rising liquidations. This article explores some of the top crypto to watch this week, including Ripple (XRP), Chainlink (LINK), and Pi Network (PI).
XRP Price in Focus as Ripple Swell Starts
The XRP price has crashed in the past few months. It crashed by over 10% on Monday, reaching a low of $2.27, its lowest level since October 17. It has plunged by over 38% from its year-high.
XRP’s price will be in the spotlight this week as Ripple Labs hosts the Swell Conference, which runs today and tomorrow. Swell is a major event that brings together top officials from some of the largest financial companies.
Some of the senior executives speaking at this event will be Adena Friedman, the CEO of Nasdaq; David Ripley of Kraken; Hunter Horsley of Bitwise; and Dan Chen of Gemini.
XRP has other potential catalysts this week. This includes the potential launch of the Bitwise XRP ETF and a potential surge in Ripple USD market capitalization to $1 billion.
READ MORE: Here’s Why XPL Price Has Crashed as Plasma Transactions Soar
Chainlink Price Waits for the SmartCon Conference
The other key crypto watch this week will be the SmartCon Conference, which runs over the next two days. In addition to the senior Chainlink officials, some of the speakers to watch will include the CEOs of Consensys, Aave Labs, Tron, Ondo Finance, and Securitize.
Historically, the SmartCon Conference has been a popular place for major announcements. Still, it is unclear whether this event will boost the price, as it has formed a bearish pennant pattern. That is a sign the token will likely continue to fall this week.
Pi Network Price Break-and-Retest Pattern
Pi Network price will be in the spotlight this week. It will be in the spotlight because the token has jumped by over 45% from its lowest point this year.
The token has formed a falling wedge pattern, a pattern composed of two descending, converging trendlines. It moved above the upper side of the wedge pattern as it surged last week.
Therefore, there is a likelihood that the Pi Network price may reach the upper side of the wedge. This is known as a break-and-retest pattern, a popular bullish continuation sign in technical analysis. Such a move will likely lead to more gains.
READ MORE: Pi Network Price Prediction: Is the Pi Coin Tide Turning?
