XRP has returned to a critical psychological threshold near $1, following repeated failures to break above key resistance levels. Recent price action shows that the ascending short-term support that held throughout much of July is under significant pressure, with XRP dropping below its short-term moving averages and showing signs of continued weakness.
XRP struggles as crucial support weakens
Analysts noted that XRP, the digital asset developed by Ripple, recently attempted a recovery toward its 50-day exponential moving average (EMA) but faced a swift rejection. The price continues to trade below the 26-, 50-, and 100-day moving averages, while the 200-day moving average remains higher at $1.43, reinforcing a prevailing bearish trend. The current narrowing of the trading range raises concerns among market participants.
While XRP has formed lower highs and relies on a slowly ascending support line, this structure is often associated with sharp breakouts. With buyers struggling to reclaim resistance between $1.11 and $1.12, the likelihood of further downside persists. Volume analysis indicates buyers have been hesitant, with trading activity remaining subdued even during rebound attempts.
Market observers identified that XRP’s Relative Strength Index (RSI) has drifted near 48, sitting in a neutral zone that historically permits movement in either direction, although the declining price trend combined with the neutral RSI suggests momentum may be waning rather than building.
For bullish sentiment to return, the RSI would need to climb above 50 with a concurrent rise in trading volume. The $1 mark remains a vital level and, after several tests, the resilience of this psychological support appears to be fading. A daily close below $1 could trigger a wave of stop-loss orders, potentially accelerating a drop toward the next support at $0.95.
To reverse current bearish trends, bulls must maintain the rising support line and push above key moving averages clustered between $1.11 and $1.15. Without a clear recovery, analysts warn that XRP is at one of its most pivotal technical moments in recent months.
| Support/Resistance | Price level | Technical Signal |
|---|---|---|
| Major resistance | $1.11–$1.12 | Short-term rejection |
| Psychological support | $1.00 | Repeated tests |
| Next support | $0.95 | Stop-loss trigger |
| 200-day moving average | $1.43 | Bears in control |
Zcash holds its ground above key moving averages
Zcash (ZEC), a privacy-focused cryptocurrency launched in 2016, is currently trading above all major moving averages, with the 50-day EMA at $476 and significant longer-term supports—the 100-day and 200-day moving averages—at $460 and $408, respectively. Despite recent pullbacks, this alignment points to a longer-term bullish bias as long as prices stay above these levels.
The $500 zone has emerged as both a technical pivot and an important psychological level. After a sharp rally in May and July, Zcash has experienced a period of consolidation, allowing the market to absorb profit-taking. Trading volumes have dropped, indicating a lack of panic selling, while momentum indicators point to a cooling phase rather than a full reversal.
The Relative Strength Index for ZEC, now near 49, suggests the asset has moved out of overbought territory. If buyers can defend the $500 support, attention turns first to the recent swing high at $580 and then to the significant resistance between $650 and $680.
Hyperliquid tests pivotal support zone
Hyperliquid (HYPE) is nearing one of its most important support areas since its notable rally earlier this year. The asset has pulled back toward its 100-day moving average at $57 after reaching highs above $75, with fresh buying interest emerging at these levels. Should this support hold, a move back to $70 remains possible.
Despite recent corrections that erased much of HYPE’s July gains, the overall upward structure remains intact. The 100-day moving average is providing dynamic support, and the token continues to trade above its 200-day moving average near $50.
Market participants are closely monitoring the $57 zone, as it aligns with previous breakout levels and could serve as a base for renewed advances. Today’s trading patterns indicate ongoing defense of this threshold, while the RSI has reset to the low 40s, signaling that the excesses from the past rally have largely abated.
For HYPE bulls, the next challenge lies in overcoming short- and medium-term resistances at $63–$65. A clear move above this range would likely rekindle buying momentum and refocus attention on the $70 level, followed by previous highs between $75 and $76. However, a loss of support at $57 could point toward a more significant downtrend, with strong longer-term support found at the 200-day moving average near $50.
If buyers continue to defend current levels, HYPE is well-positioned for a recovery, with technical indicators supporting the possibility of a rebound toward $70 in the near term.
For now, the dominant chart structure and restored momentum suggest the correction phase may be nearing its end as buyers regroup at major support.
Mini dictionary: Hyperliquid (HYPE), an emerging digital asset, has attracted attention for its rapid price movements and growing on-chain trading activity. Its technical performance is often monitored using moving averages and relative strength indicators to gauge market sentiment and potential turning points.
