Macro Guru Raoul Pal on XRP and SUI

Macro guru Raoul Pal states that while XRP appears strong, a competitor known as Sui (SUI) is poised for better performance.

In a recent strategy session, Pal analyzed the SUI/XRP trading pair, noting it is in a long-term ascending channel that has just reached its bottom range, indicating a potential upward move.

> “Another interesting chart that I quite like is XRP, which has been super strong, but really, what we’ve seen is the upward trend of SUI outperformance. We hit the bottom of the trend channel and we’re likely to outperform XRP going forward again in that ongoing relative outperformance. That’s not to say XRP goes down, I’m just giving you the perspective of these cross-rates to understand the nuance of markets.”
> Source: Raoul Pal/YouTube

The Real Vision CEO further states that a similar trend appears on the SUI/SOL chart. According to Pal, SUI/SOL has formed an inverse head and shoulders pattern on the weekly chart and is confirming a breakout after creating the second shoulder.

> “The other thing that I look at is I look at the cross rates between various cryptos to try and pick the strongest one. I’ve already shown that Solana is very strong, and I expect it to keep going higher.
> But when I compare SUI against Solana, it’s starting to break out from this inverse head and shoulders pattern, which suggests to me, that I would switch more assets from Solana into SUI. That’s not saying Solana is going to go down. In fact, I think Solana does extremely well, and you should be overweighted there because it is a second cycle, more proven protocol while SUI is newer and riskier.
> But it looks like the alpha is going to come from the new token, the new performer of SUI.”
> Source: Raoul Pal/YouTube

At the time of writing, SUI is trading at $4.18.

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