This week, several U.S.-based cryptocurrencies are worth observing, including XRP, Pi Network (PI), Story (IP), Jupiter (JUP), and Aerodrome Finance (AERO). Among these, XRP leads in terms of market capitalization, while PI has just undergone one of the largest token launches in recent years.

IP has been among the top-performing altcoins recently, whereas JUP and AERO are facing downward pressure despite their strong fundamentals. Below is an analysis of how these five U.S.-based cryptocurrencies are positioned for the third week of March.

XRP is currently one of the largest U.S.-based cryptocurrencies by market capitalization. Over the past month, its price has fallen nearly 17%, but it has rebounded in the past week with a gain of nearly 6%. This recent recovery has drawn attention as traders look for signs of a sustained trend reversal.

There is increasing speculation that the U.S. Securities and Exchange Commission (SEC) might reclassify XRP as a commodity. Any positive developments in the ongoing legal dispute between the SEC and XRP could act as a significant catalyst for upward movement.

A few months ago, similar news triggered a rally in XRP and boosted activity throughout its ecosystem, including sharp gains in associated meme coins.

If XRP can sustain this momentum and establish an uptrend, it could aim for resistance at $2.47. A break above this level might pave the way for a move towards $2.64, and potentially even $3 if bullish sentiment strengthens.

Conversely, if bearish conditions return, XRP could retreat to the $2.21 support level, and if breached, further declines to $1.90 are possible.

PI was one of the largest crypto launches in recent times, quickly reaching a market capitalization close to $20 billion. However, the token has been under pressure, declining by over 20% in the past 30 days. Its market capitalization has now dropped below $10 billion as bearish sentiment continues to impact price action.

In recent days, PI has faced growing criticism following the introduction of its .pi domains, which some members of the community have questioned.

Additionally, a significant sell-off occurred after the token's mainnet migration, adding further downward pressure and contributing to its recent decline.

If the current downtrend persists, PI's price could test the support at $1.23, and a breakdown could push it below $1.20, marking its lowest level since February 22.

However, if the token manages to reverse its momentum and regain an uptrend, it could challenge the resistance at $1.57, with further upside potential towards $1.82. A strong rally could even see PI testing $1.98 and possibly $2.35, breaking above $2 for the first time since March 1.

IP is currently one of the best-performing altcoins over the past 30 days, with its price surging nearly 235%. The rally has pushed its market capitalization to almost $1.4 billion, making it one of the standout tokens in the market during this period.

In the last few days, IP has entered a consolidation phase, with price action slowing down after its impressive run. However, if momentum returns and an uptrend is established, IP could challenge key resistance levels at $6.66 and $6.96.

A breakout above these levels might open the door for a push towards $7.95 and possibly beyond $8, setting new all-time highs.

On the flip side, if selling pressure increases and a correction takes hold, IP could first retest the $5 support level. If this level fails to hold, further downside could lead to a decline towards $4.49, and in a deeper pullback, the price could even fall to $3.65.

Jupiter, like most major Solana-based tokens and other U.S.-based cryptocurrencies, has experienced a sharp correction over the past 30 days, with its price dropping nearly 45%. This decline mirrors the broader sell-off seen across the Solana ecosystem as market conditions remain challenging.

Even with the recent pullback, Jupiter continues to be one of the most profitable businesses in the crypto space. As one of the largest aggregators in the market, it generated $27 million in revenue over the past seven days, ranking just behind Tether and Circle as one of the highest-earning protocols.

If the Solana ecosystem stages a recovery, JUP could benefit significantly, with price targets at $0.54, $0.598, and $0.63 as key resistance levels.

A strong uptrend could even push the token towards $0.86. However, if the downtrend persists, JUP may retest the support at $0.48 and $0.44, and a further decline could see it fall below $0.40 for the first time ever.

AERO is the largest decentralized exchange (DEX) focused on the Base chain ecosystem and has recently benefited from the growing interest in this network.

Over the past week, Aerodrome has generated $1 million in fees, outperforming notable players such as Trokan, BONKbot, and GMGN, solidifying its position as a key player in the Base ecosystem.

However, despite its strong fundamentals, AERO's price has been under pressure, correcting more than 38% over the last 30 days. The token is now trading at its lowest level since October 2024, reflecting the broader volatility across the market.

If the downtrend persists, AERO could soon retest the support level at $0.48.

On the flip side, if buying momentum returns and AERO establishes an uptrend, it could move towards resistance at $0.56 and $0.61. A breakout above these levels could open the door for a rally towards $0.67 and potentially $0.739.

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