Hyperliquid Eyes $100 as XRP Defends Critical Support and Solana Holds $100 Floor

Hyperliquid Charging Toward Triple-Digit Price Target

After establishing itself as one of the strongest performers in recent months, Hyperliquid is approaching the symbolic $100 price level following a remarkable rally. The asset gained over 40% from mid-August lows below $60, currently trading around $80.83 after briefly reaching $87. This significant move demonstrates the strength of the rally, yet HYPE faces the challenge of converting this momentum into a sustained breakout past its current consolidation range. Technical indicators suggest the asset remains in a healthy uptrend, with prices comfortably above key moving averages including the 50-day at roughly $63.21 and the 100-day at approximately $61.97.

However, the path to $100 presents challenges. The initial breakout impulse appears to be weakening, with the RSI cooling to around 65 from elevated overbought conditions. Volume has declined notably during the sideways consolidation between $80 and $85, despite surging sharply as HYPE broke through the $60 to $70 range. The immediate barrier resides in the $85 to $87 zone, where selling pressure has already emerged through multiple upper wicks. A daily close above $87 would be necessary to challenge the $90 psychological level before targeting $100.

XRP Defends Critical Support Level

XRP is currently testing a major technical milestone as it approaches the 200-day moving average near $1.35. The asset recently corrected from highs around $1.70, which came after breaking above this long-term moving average during a surge from approximately $1.00. At $1.37, XRP is directly at this historically significant support level—one of the most important technical junctures on its daily chart. Early signs suggest buyers are defending this area, with evidence of intraday buying as the asset bounced from an intraday low of $1.34.

Momentum indicators have cooled but haven’t collapsed, with the RSI at approximately 61 after previously exceeding 80. This suggests considerable room remains for buyers to respond if demand recovers at this juncture. If support holds, XRP could attempt recovery back toward $1.40 and the resistance zone between $1.45 and $1.50. A breakdown below $1.35 would signal a shift in market structure, with the next significant support at the 100-day moving average near $1.21.

Solana Stands Firm at $100 Support

Solana continues to hold the $100 psychological support level following a spectacular rally that gained roughly 45% from approximately $75 in less than two weeks. SOL is currently trading around $102.70, demonstrating consistent buyer commitment at this technical floor despite profit-taking. The move reached highs near $110 before consolidating, establishing $100 as the most significant short-term support level, a shift from upside target to support floor that underscores the strength of buying interest at round numbers.

While the RSI has moderated from overbought conditions to current levels near 69, the asset maintains relative strength. The immediate concern lies in limited technical structure just below $100—the next significant support cluster sits at approximately $90, where the 20-day EMA and 200-day moving average converge around $90.28 to $90.80. This secondary support zone would only come into play if the $100 level eventually breaks.

The ability of these assets to hold or break through their respective technical levels will determine whether the recent summer rally establishes a new higher base for the broader crypto market.

Source: U.Today. Not financial advice.