While the recent fluctuation in the cryptocurrency markets continues, a critical threshold has emerged regarding XRP. When price movements are examined, whether XRP can maintain its long-standing horizontal squeeze stands out as the biggest obstacle to the possibility of medium-term recovery. Holding the price above the $1.30 support will form the basis for a new move that may go to the psychologically important $2 level in the future.
HYPE rise and market gap
Another notable development in the market was the strong performance of Hyperliquid (HYPE). After falling to $25 at the beginning of the year, HYPE entered the recovery channel and gained upward momentum in recent weeks and climbed to $48. In this process, every withdrawal attempt was met with buyers and the price made upward attacks again.
The consecutive rising bottom and top formations seen on the chart of the HYPE asset indicate the sustainability of the recovery rather than short-term speculative movements. In addition, technical indicators supporting the rise indicate that the upward momentum may continue as long as the general atmosphere of the market is not negative.
Mini dictionary: Hyperliquid is a platform where users can trade with leverage, focusing on decentralized derivative transactions. It has been gaining popularity as an alternative to centralized exchanges, especially recently.
On the other hand, big names such as Ethereum and XRP are experiencing squeeze below trend support and critical levels. The bullish expectation on Hyperliquid is also attributed to the increase in active trader activity and participation.
Ethereum is under downward pressure
In Ethereum, the price has fallen back to around $ 2,100 and it is observed that the upward movements cannot be sustained in recent attempts. While the $2,000 region stands out as the main short-term support, technical indicators currently show that selling pressure still prevails. Momentum indices such as RSI remain on the negative side and there is no significant increase in volume.
It is stated that the long-term 200-day average in Ethereum is at approximately $ 2,550 and the price remains well below this resistance zone. The pressure on BTC and general market weakness are currently restricting any sustained upward movements in Ethereum.
XRP’s path to $2 depends on critical supports
After being stuck in sideways movement around $1.37 for weeks, XRP is now struggling in the support zone that will determine its fate. In an environment where many altcoins and memecoins have experienced sharp declines in recent months, XRP has moved from free fall to a consolidation structure. This narrow-band movement could lay the groundwork for a long-term recovery.
However, looking at the technical chart, XRP still remains below both the 100 and 200-day moving averages. Although the price tries to gain upward momentum from time to time, the pressure from sellers at higher levels continues and attempts in the $1.50 region quickly fail.
In order for XRP to rise, three conditions must occur simultaneously: the main support of $ 1.30 is not lost, stability is achieved in the Bitcoin price, and the price exceeds the moving average clusters in the $ 1.40 and $ 1.50 band with volume.
If the price fails to meet these conditions, a break below $1.30 could pave the way for larger declines. Staying at this level stands out as the first prerequisite for a potential new rally towards $2. For the scenario targeting 2 dollars, the confidence and buying appetite in the market in general must increase.
Comparison of major cryptocurrency trends
| Cryptocurrency | Critical Support | Critical Resistance | Current Momentum | Key Risks |
|---|---|---|---|---|
| Ethereum | $2,000 | $2,550 | Weak | Selling pressure across the market |
| HYPE | $25 | $48 | Strong | The market is sensitive to the general mood |
| XRP | $1.30 | $1.50 | Neutral | Low volume, downtrend pressure |
