XRP, Shiba Inu, Hyperliquid, and Bitcoin have all made notable technical advances, with each asset climbing past crucial resistance zones. The most significant of these moves came from XRP, which surged to $1.70 before settling near $1.49, marking one of its largest intraday swings this year. This rally was underpinned by a sharp rise in volume, indicating strengthened buyer activity.
XRP clears major resistance, but faces overbought conditions
XRP has successfully moved above a dense cluster of major moving averages, with the key long-term average at $1.35. Shorter-term averages remain between $1.10 and $1.18, highlighting the extent of the breakout. The ability to hold above $1.35 now distinguishes a sustained trend reversal from a short-lived price spike.
With the daily Relative Strength Index (RSI) now at 86, XRP appears extremely overbought, and a long upper wick at $1.70 suggests significant selling pressure at higher price levels. Immediate resistance is now seen in the $1.50 to $1.55 range. If XRP closes above this zone, it could open a path toward $1.60 and potentially a retest of the recent $1.70 high.
If XRP breaks $1.70, visible technical resistance would not emerge before the $1.80 to $2.00 range. Even if a correction follows, the breakout remains valid as long as the price stays above $1.35. A decline below this support could indicate the rally was a temporary burst of volatility rather than a full reversal.
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AAPLXRP’s ability to maintain support above the $1.35 breakout level is vital for the broader recovery structure. Failure to hold this level would increase the likelihood that recent gains represented an exhaustion move rather than a bullish long-term shift.
Shiba Inu seeks to build recovery momentum
After sustained downward pressure, Shiba Inu is attempting to establish a recovery trend. The token briefly rose above $0.00000600, but now trades near $0.00000544 after encountering resistance. Its most significant technical obstacle is the long-term moving average, now at $0.00000574, where the recent rally was quickly rejected.
On a positive note, Shiba Inu remains above its shorter-term moving averages. The token recently reclaimed the orange average at $0.00000493 and finds support near $0.00000480 and $0.00000457. The recent rejection brought the RSI to around 64—above its signal line but not yet overbought—which, combined with strong trading volume, suggests real market interest during the attempted breakout.
For a sustained uptrend, Shiba Inu needs to establish the band between $0.00000550 and $0.00000575 as support. A decisive move above the long-term average at $0.00000600 would target the next resistance, connected to the March to May consolidation zone near $0.00000620 to $0.00000660.
If Shiba Inu cannot overcome resistance near $0.00000600, the risk of retracement remains. Fall below $0.00000490 would weaken its current structure, while a drop under $0.00000455 would mark a return to its earlier bearish trend.
Hyperliquid maintains rally, but caution grows
Hyperliquid, a decentralized perpetuals protocol token, extended its surge, reaching $82.50 before consolidating around $80. This breakout places HYPE above its earlier summer highs of $75 to $77, setting a new local peak. The token remains well above major moving averages, with dynamic support found between $58.56 and $63.21. The long-term average sits much lower at $52.42.
The swift rally brings risk of overextension, with the daily RSI at 80.55, deep in overbought territory. Trading volume has increased substantially during this move, confirming active participation and raising the prospect of profit-taking as the asset appreciates quickly.
Holding the former resistance zone at $75 to $77 is now crucial for bulls. If maintained, a further push toward $82.50 and possibly $85 to $87.50 remains possible. However, a drop below $75 could lead to a retest of support around $70, even as the broader structure stays positive above the $60 to $63 region.
Mini dictionary: Hyperliquid is a decentralized on-chain derivatives exchange known for offering perpetual contracts and high leverage trading directly on the blockchain, without the need for a centralized intermediary.
Bitcoin shatters key resistance, enters extended trend
Bitcoin has staged a strong technical breakout, climbing from consolidation around $63,000–$65,000 to a recent high of nearly $77,000. The move lifted Bitcoin above its long-term moving average near $71,689—seen as a critical resistance level since the start of the broader downturn.
Significant expansion in trading volume accompanied the breakout, while Bitcoin trades well above its shorter moving averages, which cluster between $65,100 and $67,500. The daily RSI now sits at 80, signaling overbought conditions as momentum stretches higher.
Further upside is now closely tied to sustained buying rather than pure momentum. Key resistance lies at $80,000, with the May high zones around $82,000 to $82,500 marking the next major hurdle. Clearing that area could pave the way to the $85,000 region and signal a major structural improvement.
On any pullback, the $71,500 to $72,500 region will be critical for support, incorporating both the recently reclaimed long-term average and the breakout zone. A successful defense here would reinforce Bitcoin’s new positive structure, while a fall below $71,500 could expose the market to another test of $67,000–$68,000 levels.
Despite the latest overbought readings, Bitcoin’s market structure has shifted in favor of the bulls after breaking through multi-month resistance. However, sustained consolidation may be more sustainable than another rapid climb.
| Asset | Price (approx.) | Key Resistance | Key Support | Daily RSI |
|---|---|---|---|---|
| XRP | $1.49 | $1.70 / $2.00 | $1.35 | 86 |
| Shiba Inu | $0.00000544 | $0.00000600 / $0.00000660 | $0.00000480 / $0.00000457 | 64 |
| Hyperliquid (HYPE) | $80 | $82.50 / $87.50 | $75 / $70 | 80.55 |
| Bitcoin (BTC) | $77,000 | $80,000 / $82,500 / $85,000 | $71,500 / $67,000 | 80 |
