The rise of cryptocurrency giants: XRP, Shiba Inu, Hyperliquid and Bitcoin are gaining momentum

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The rise of cryptocurrency giants: XRP, Shiba Inu, Hyperliquid and Bitcoin are gaining momentum

Recently, XRP, Shiba Inu, Hyperliquid and Bitcoin have performed strongly in technology, significantly surpassing other cryptocurrencies. HYPE tokens in XRP and Hyperliquid both rose significantly, and short-term prospects improved. At the same time, Shiba Inu is working hard to build a recovery pattern. Although Bitcoin broke through key resistance levels, it was close to overbought status, suggesting investors may need to adopt a cautious strategy.

Can XRP break through the US$1.35 resistance level?

The short-term technical aspects of XRP have changed significantly. The price once soared to US$1.70 and then fell back to around US$1.49. The rise was accompanied by a significant increase in trading volume and was supported by prices breaking through key moving averages. The current short-term moving average is between $1.10 and $1.18, while the long-term moving average is at $1.35, constituting important dynamic resistance. If XRP stabilizes above this level, it may herald more lasting structural improvement rather than simple fluctuations.

"If the XRP closing price breaks through the US$1.50 to US$1.55 range, US$1.60 or even US$1.70 may become the target again."

However, with the daily RSI approaching 86, the XRP may be entering overbought territory. 1.70 The long upper shadow at the U.S. dollar indicates that sellers are active at high levels. If prices fall back,$1.35 will be the key support level. A fall below this level could mean that the recent rally is merely a rally collapse, not a trend reversal.

Can Shiba Inu establish a recovery trend?

After months of downward pressure, Shiba Inu is working hard to build a recovery pattern. After briefly breaking through US$0.0000600, the price fell back to around US$0.0000544, indicating that the upward trend is still to be confirmed. The important resistance level is currently at the long-term moving average of around $0.0000574. Still, the SHIB remains above the short-term moving average, which is still a positive sign.

The RSI is around 64, indicating that Shiba Inu has upward momentum but has not yet entered overbought status. The increase in trading volume suggests that the rise is not just due to lack of liquidity. To achieve an upward trend, it is crucial to convert the range of US$0.0000550 to US$0.0000575 into support, and to cleanly break through US$0.0000600 to retest the previous intensive trading area between US$0.0000620 and US$0.00000660.

Hyperliquid's local highs: A prelude to higher heights?

Hyperliquid's HYPE token hit a local high and traded at around $80 after testing $82.50. The rise exceeded the highs of $75 to $77 set in June and July, showing strong upward momentum and has exceeded the key moving average. Dynamic support levels for Hyperliquid, known for its decentralized derivatives business, have risen to $63.21,$61.10 and $58.56, with its long-term moving average at $52.42. Although the price is well above the moving average highlights the strength of the rise, it also shows that this round of rally has been considerable.

"The $75 to $77 range has now become a key support area for HYPE; maintaining above this range could pave the way for a retest of the $82.50 or even the $85 to $87.50 range."

The outlook for XRP depends on whether it can remain above US$1.35 to achieve continued improvement.
Shiba Inu aims to consolidate its recovery and break through key resistance levels.
Hyperliquid has strong technical aspects and is expected to move further.
Although Bitcoin has broken through, it needs to balance upward momentum with strategic buying.

After Bitcoin breaks through, it needs to weigh momentum and buying strategies.

Bitcoin recently broke through the consolidation range of US$63,000 to US$65,000 and soared to nearly US$77,000. By breaking through the long-term resistance level of $71,689, Bitcoin broke an important downward trend. This breakthrough was accompanied by huge trading volume, increasing its credibility. However, the daily RSI is close to 80, indicating that the upward momentum has become excessive and further buying support is needed. Important resistance is around $80,000, while May highs of $82,000 to $82,500 are another challenge. If the key support area of US$71,500 to US$72,500 can be held, the effectiveness of this breakthrough may be further verified.