XRP soared 10% to US$1.40, DOGE and SHIB made significant breakthroughs, and HYPE pointed to US$80

XRP surged 10% to US$1.40. DOGE and SHIB made significant breakthroughs. HYPE sword pointed to US$80.

XRP recorded one of the strongest one-day gains in recent months. After hovering around the US$1.00 mark for most of August, it climbed nearly 10% to hit the US$1.40 region. The sharp rise allowed the cryptocurrency to break through several key moving averages and major resistance levels, strengthening its short-term technical prospects.

XRP regains key resistance

The most significant development is that XRP breaks through the key US$1.16 resistance level and the short-term moving average near US$1.09. Prices briefly crossed the long-term moving average, which had previously served as dynamic resistance in a long-term downtrend, reaching an intraday high above $1.34.

Maintaining levels above US$1.34 to US$1.35 may be more important to continue this uptrend than the initial gains. A daily closing confirmation above this region could open the door to the US$1.45 to US$1.50 range and prompt the long-term moving average to shift into support. If the rally continues, the previous consolidation area near $1.55 may become the focus of attention again.

Volume data provided further confirmation, with daily trading volumes jumping to approximately 277 million, significantly higher than previous trading days. The daily Relative Strength Index (RSI) surged to about 83, putting the XRP in a significantly overbought territory.

After breaking through $1.34, XRP's short-term outlook improved. However, momentum readings suggest risks are rising as the rally becomes increasingly excessive. Analysts warned that while a strong rally could keep assets overbought for some time, the risk of a correction is also increasing. If the bulls can hold on to US$1.34, a correction to that level may be constructive and may deepen the pullback and test down to US$1.16.

Overview of current asset prices and key positions

XRP: Current price is US$1.40, key resistance is US$1.45 - 1.50, key support is US$1.34, US$1.16, current RSI is 83.
SHIB: Current price of US$0.0000523, key resistance 0.000057 - 0.000058, key support 0.00005, 0.0000465, current RSI is 67.8.
DOGE: Current price is US$0.087, key resistance is US$0.09 - 0.095, key support is US$0.080, US$0.072 - 0.073, the current RSI is 77.7.
HYPE: Current price is US$76, key resistance is US$76-US$78, key support is US$68-US$70, US$60 - 61, and the current RSI is 78.

SHIB seeks bullish reversal

Shiba Inu (SHIB) rose approximately 5.7% to US$0.0000523 in an attempt to turn the recent rally into a true trend reversal. After clearing the key US$0.000005 mark, the technical structure of SHIB improved, highlighted by breaking through the orange moving average near US$0.0000489 and clearing the short-term moving average of US$0.0000452 to US$0.00000465.

Trading activity surged, with transaction volume reaching nearly 1.53 trillion SHIB. The rise in prices was accompanied by increased trading volume, reinforcing the significance of this trend, in sharp contrast to the calmer period in early August. However, the SHIB faces strong resistance in the US$0.000057 to US$0.000058 region, which is close to the downward-sloping long-term moving average of US$0.0000574.

The RSI is currently around 67.8, slightly below the usual overbought threshold of 70. Compared with XRP, if momentum increases, SHIB still has room to rise. If we can break through and hold US$0.000057 as support, the March to May consolidation range around US$0.000060 will become the focus of bulls 'attention.

SHIB broke through the key moving average and US$0.00005 level, marking a potential bullish shift, but the real reversal still has to be confirmed above US$0.000058. Failure to hold US$0.000005 may weaken the trend structure of SHIB and shift the market focus back to US$0.0000465 and US$0.000045 support levels.

HYPE tests year-on-year highs

Hyperliquid (HYPE) rose strongly to near $76, almost smoothing out all of its losses since its August decline. The asset has returned to the top edge of the 2026 trading range and challenged previous highs between $76 and $78, further enhancing the technical significance of the rally.

HYPE's recovery was supported by the recovery of all major moving averages at the daily level. The mid-range moving average near $57.70 and short-term support between $60.50 and $60.70 reinforced the uptrend, while the long-term moving average at $51.90 provided support further below.

Compared with the correction in early August, HYPE's rebound was accompanied by a stronger structure and gradually increasing (although still moderate) trading volume. If the buyer can achieve a daily close above $76 to $78, the token may enter price discovery mode with a short-term target at $80.

Kinetic energy remains the main risk factor, and the daily RSI of around 78 indicates a very overbought state. There is usually some cooling or pause before further gains, while support levels of $68 to $70 and subsequent $60 to $61 provide downside protection.

A brief description of Hyperliquid

Hyperliquid is a decentralized derivatives trading platform that provides perpetual contracts and spot trading for a wide range of digital assets. The platform adopts an advanced on-chain order book architecture to provide a high-speed, gas-free trading experience.

DOGE breaks through, focusing on key resistance

DOGE rose about 4% to around US$0.087, a significant breakthrough from the compressed trading structure formed in August. This trend pushed DOGE past several resistance areas that had previously suppressed prices near year-highs.

The continued recovery of the short-term moving average at US$0.072 and the subsequent surge above the US$0.080 median moving average marked the beginning of this breakthrough, with trading volume climbing to 1.07 billion DOGE. This significant change in volume contrasts with lull activity earlier this month and provides important confirmation of the rally.

DOGE currently faces new technical challenges, trading below the main dynamic resistance at its long-term moving average (approximately $0.095). This level also coincides with the pre-consolidation area between $0.09 and $0.10.

The momentum indicator now reflects that the market is in tension, with DOGE's daily RSI soaring to 77.7. If we can break through and hold the range of US$0.09 to US$0.095, it will be possible to rise further to US$0.10 or even the May high of US$0.11 to US$0.115. If momentum slows, it is now crucial for bulls to hold on to $0.080.

Despite DOGE's impressive breakthrough, restoring a broader bullish structure will still depend on a decisive recovery of $0.095; the strongest support is between $0.072 and $0.073.