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This Friday, we examine Ethereum, Ripple, Cardano, Solana, and Hyperliquid in greater detail.
Ethereum ($ETH)
Ethereum just had a major breakout with a 17% rally this week. The price broke the $2,800 resistance and rushed above $3,000 before a pullback started. With higher highs and higher lows confirmed, Ethereum is poised to continue its rally.
The previous resistance at $2,800 is now a key support, and as long as this level holds, $ETH has a good chance to turn the $3,000 into support as well and aim much higher with key targets at $3,350 and $3,500.
Looking ahead, buyers have total control over the price action right now, and this is further compounded by Bitcoin, which is in a state of price discovery after reaching a new all-time high. This will benefit $ETH and most of the altcoin market.
Ripple ($XRP)
Over the past few days, $XRP has broken above $2.3 and surged to $2.6, which is currently acting as resistance. This allowed the price to close the week with an impressive 15% rally. With buyers on the offensive, higher levels should be expected.
The most obvious target on the chart is the $3 level. However, to reach it, $XRP has to turn $2.6 into support and confirm it. With the current bullish momentum, this should not be a problem.
After a long consolidation, this cryptocurrency is finally making significant moves, which may test $3 again. In the past, this level brought back sellers. Best to assess the price action closely once it approaches said level and not take unnecessary risks.
Cardano ($ADA)
Cardano’s downtrend is finally over after a 17% rally this week. With sellers gone, the price was allowed to expand and reclaim the support at $0.64. This was necessary to stop the downtrend and bring back optimism.
With the market turning, $ADA has a real chance here to rally towards $0.9, which is a key target at this time. Sellers may return around $0.7, but the current momentum is strong enough to push it beyond it.
Looking ahead, this is the first time this cryptocurrency can hope to reclaim a $1 price tag after a long downtrend since late 2024. Buyers have the upper hand now, but they need to retain control over the price to sustain it.
Solana ($SOL)
Solana is another good performer after it managed to reclaim $152 as support. This allowed buyers to take its price beyond $160, closing the week with an 8% gain.
While this is encouraging, $SOL’s price expansion is lagging behind other major altcoins like Ethereum or $XRP. This indicates most of the buying demand is concentrated elsewhere. Nevertheless, Solana has a good shot at visiting $186, which is the current resistance.
Based on this price action, Solana may see hype return to it if it manages to push its price above $200. As long as Bitcoin and Ethereum remain bullish, this is a realistic target to watch for.
Hype ($HYPE)
$HYPE managed to make a new all-time high at $46.25, albeit not very different from its previous record from mid-June at $45.80. Either way, a higher high is bullish, and this could open the way for this cryptocurrency to rally towards $50 next, which is also a key psychological level and resistance.
$HYPE also closed the week with a 17% rally, which puts it among the best performers in the top 10 cryptocurrencies by market cap, if we exclude stablecoins. This shows $HYPE retains market dominance and is similar to $ETH and $ADA in its recent price action.
Looking ahead, $HYPE has a good shot at a $50 price, which is only a 10% increase from current levels. If successful, the next key level will be at $55. However, these valuations may also bring back sellers. Best to be cautious once the price arrives there.
