XRP dips below the $1.30 support amid bearish positioning

Key takeaways

  • XRP has dropped below $1.30 on Thursday as the bearish trend persists. 
  • Long-to-short ratios stand at 0.82, indicating bearish positioning in the tracked data.
  • XRP must reclaim resistance between $1.333 and $1.372 to improve its near-term technical outlook.

XRP struggles after Fed’s cautious hold

XRP remains under pressure on Thursday as bearish derivatives positioning and persistent selling activity limited its recovery prospects.

XRP traded around $1.29, dropping below the closely watched $1.300 support level.  The weakness followed the Federal Reserve’s decision to hold interest rates at 3.75%–4.00%. 

Although rates were unchanged, continued inflation concerns and a hawkish undertone weighed on appetite for risk assets.

CoinGlass data shows XRP’s long-to-short ratio at 0.82, approaching its lowest reading in more than a month.

Ratios below one indicate that shorts outweigh longs within the measured dataset, reinforcing the cautious positioning around both tokens.

Funding rates, however, present a different picture for each asset. XRP’s funding rate stood at 0.0036%, remaining positive after turning higher on October 16. 

That means longs were paying shorts, suggesting continued demand for leveraged bullish exposure despite the weaker long-to-short ratio.

The divergence leaves XRP’s derivatives signals mixed, but the bears remain in firm control at the moment. 

CryptoQuant’s summary indicators show sell-side dominance in both spot and futures markets for XRP. 

For XRP, the platform also flags large whale orders and heating market conditions. Large orders alone do not establish whether major holders are buying or selling, but the accompanying selling imbalance reinforces the subdued outlook.

XLM’s spot and futures markets likewise show sellers retaining the advantage, suggesting its recent rebound has yet to attract enough demand to sustain a stronger advance.

XRP could record further losses as it drops below the $1.300 support

The XRP/USD daily chart remains bearish as the token has dropped below the horizontal floor near $1.300.

A daily candle close below that level would weaken the recent trading range and increase the risk of a deeper correction. 

The daily Relative Strength Index stands at 40, below the neutral 50 level, indicating that buying momentum remains limited.

The Moving Average Convergence Divergence indicator has improved slightly into positive territory. That offers an early sign of easing bearish momentum, although the price remains below its key moving averages.

XRP/USD Daily Chart

XRP’s first upside obstacle is the 100-day Exponential Moving Average near $1.333. Above it, the 50-day EMA at $1.357 and the 200-day EMA at $1.372 form additional resistance. 

Reclaiming that cluster would provide stronger evidence that buyers are regaining control. Further barriers sit at $1.540 and $1.900, although both remain distant from the current price.

For now, XRP’s position just above support leaves little room for renewed selling. Holding $1.300 and overcoming nearby moving averages remain the key tests for a more durable recovery.

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Cancore raises $7.2M round to connect Canton with public-chain liquidity

  • Cancore raises $7.2 million to expand tokenized asset trading infrastructure.

  • Platform reports $53.2 million in volume across more than 84,000 trades.

  • Funding supports AI trading agents, cross-chain settlement and expanded liquidity access.

Cancore, a platform built on the Canton Network that connects tokenized assets with public blockchain liquidity, has raised $7.2 million in a seed funding round backed by Paper Ventures, dao5, ArkStream Capital, X Ventures, MH Ventures, and Proof of Talk.

The platform has been live on Canton mainnet since April 2026, operating as a validator and Featured App.

According to Cancore, as of October 1, it had processed more than $53.2 million in cumulative trading volume across more than 84,000 trades and generated over $538,000 in protocol revenue.

Cancore is developing infrastructure designed to connect Canton-native assets, including tokenized real-world assets (RWAs), with liquidity on public blockchain networks.

The company describes its approach as a “Liquidity OS for Tokenized Finance,” aimed at supporting the execution and trading of tokenized financial assets across blockchain ecosystems.

“Canton has built strong institutional foundations, and the next step is opening it to broader market liquidity,” said Ye Su, General Partner at ArkStream.

“Cancore is taking a practical approach, with live volume and revenue from day one. We’re pleased to back a team focused on real usage over hype.”

Cancore uses atomic settlement to execute transactions between Canton and supported public blockchain networks.

The company said transactions are designed to either complete in full or fail without partial execution.

Users retain control of their private keys through Cancore’s self-custody wallet, while swaps are structured to settle on both networks or be refunded.

The platform also supports automated execution through a Model Context Protocol (MCP) server, which allows users to automate platform actions and delegate tasks to AI systems.

Cancore plans to expand these capabilities by enabling users to build and deploy their own trading agents to execute strategies, rebalance portfolios, allocate capital, and interact with liquidity.

Alongside its work on agentic trading infrastructure, Cancore plans to add more real-world assets (RWAs) and liquidity to Canton.

“Tokenization is bringing a growing range of financial assets onchain, but making those assets programmable is the next step,” said Wasif Rashid, co-founder and CEO of Cancore.

“We see a future where users can deploy capital across tokenized assets and use agents to execute strategies and manage positions on their behalf.”

The broader aim is to enable trading agents to interact with Canton-native assets, tokenized real-world assets and public-chain liquidity through a single execution layer.

Cancore will use the $7.2 million seed funding to expand into additional blockchain networks and liquidity sources, while continuing to develop its agentic trading, security, and settlement infrastructure.

“In traditional markets, much of the value sits with the infrastructure that moves capital between venues: clearing, settlement, prime brokerage,” said Danish Chaudhry, General Partner at Paper Ventures.

“Tokenized markets will need the same layer, and between Canton and public chains it barely exists today. Cancore is building it to the security standard institutions expect, and we think this team is well placed to define how tokenized capital moves across networks.”

The expansion will build on its existing connectivity across Canton, Ethereum Virtual Machine (EVM)-compatible networks, and Tron.

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NEAR eyes $5 after Jio perpetuals launch

Key takeaways

  • NEAR edges higher on Wednesday after rebounding approximately 6% the previous day.
  • NEAR Intents launched confidential perpetual contracts linked to Jio Platforms ahead of its scheduled listing.
  • Bitwise’s NEAR-focused ETF recorded $4.84 million in outflows Tuesday, following $1.40 million in inflows Monday.

NEAR extends recovery following Jio perpetuals launch

NEAR Protocol moved higher on Wednesday, extending the previous day’s roughly 6% rebound as traders assessed a new derivatives offering and weaker ETF demand.

NEAR Intents launched confidential perpetual contracts linked to Jio Platforms on Tuesday, ahead of the Reliance Group company’s scheduled Wednesday listing.

The contracts offer exposure to Jio’s price movements before listing while keeping traders’ positions confidential. They are derivatives, not ownership of the underlying shares.

The launch adds another trading use case to the NEAR ecosystem, although its effect on demand for the NEAR token remains uncertain.

Bitwise’s NEAR-focused exchange-traded fund recorded $4.84 million in net outflows on Tuesday, according to SoSoValue data.

The withdrawal followed $1.40 million in inflows on Monday, leaving a combined net outflow of approximately $3.44 million across the two sessions.

The reversal comes after four consecutive weeks of inflows. It could reflect profit-taking, but fund flows alone don’t reveal investors’ motivations or whether the trend will persist.

Further withdrawals would indicate continued softness in demand through the ETF, while renewed inflows would suggest Tuesday’s redemptions were temporary.

NEAR holds above its 50-Day Moving Average

NEAR traded around $4.74 in the supplied price snapshot, remaining above its 50-day Exponential Moving Average at $4.33.

That positioning preserves a constructive near-term structure despite the pullback from the October 12 high of $6.00. The 200-day EMA sits considerably lower at $2.89, supporting the broader upward trend.

However, NEAR remains below a descending trendline around $5.02. Buyers need to overcome that barrier to strengthen the recovery.

A confirmed breakout could bring the September 27 high of $5.57 into focus. Until then, the psychological $5 threshold and nearby trendline remain obstacles.

Daily momentum indicators have yet to show a decisive bullish shift. The Relative Strength Index stands near 49, close to the neutral 50 level, indicating a balance between buying and selling pressure.

NEAR/USD Daily Chart

Meanwhile, the Moving Average Convergence Divergence line remains below its signal line and slopes downward. That suggests momentum is still subdued despite the latest rebound.

On the downside, initial support lies at the September 25 low near $4.43, followed by the 50-day EMA at $4.33. A break below those levels could expose the September 19 high around $3.91.

Holding this support area while reclaiming $5.02 would provide stronger evidence that NEAR’s recovery is gaining traction.

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Hyperliquid rebounds from $75 as traders watch $83 resistance

Key takeaways

  • HYPE rose 1.9% over 24 hours after bouncing from support near $75.
  • The token needs to move above $83 to strengthen the case for a recovery.
  • A break below $75 could expose the 200-day EMA near $67.50.

Hyperliquid’s HYPE token gained 1.9% over the past 24 hours after reaching a support area around $77, offering buyers a possible opportunity to halt a correction that began in late September.

The level also supported HYPE in mid-September, before the token climbed to a record high. Its latest bounce suggests buyers are again responding near that price, although a sustained recovery has yet to be confirmed.

The immediate test lies at $83. A move above that level would improve the short-term technical picture and could bring a higher target near $89 into focus.

HIP-3 trading activity offers support

Trading activity on Hyperliquid’s HIP-3 markets has remained relatively resilient despite a broader decline in open interest.

Open interest across the Hyperliquid blockchain fell approximately 11% from its September 13 peak of $9.1 billion. The decline in HIP-3 markets has been milder over the past couple of weeks, according to the supplied analysis.

HIP-3 allows markets for assets beyond cryptocurrencies, including stocks and commodities. Weekly trading volume increased from $12.4 billion in the week ending October 4 to $19.6 billion the following week, a rise of roughly 58%, according to Hyperliquid Stats.

The growth indicates stronger activity in those markets, though trading volume alone does not establish how much demand it creates for HYPE.

The market faces potential volatility around the Federal Reserve’s upcoming interest rate decision and subsequent guidance.

CME FedWatch data shows a 9% probability of a rate increase at the meeting. It also says more than three-quarters of surveyed analysts expect an increase in December.

Higher inflation readings and oil prices above $100 have contributed to uncertainty about the future path of monetary policy. A more restrictive outlook could weigh on risk appetite, while guidance perceived as less aggressive could provide some relief.

Market-implied probabilities and analyst expectations can change quickly as new information becomes available.

Hyperliquid technical forecast: HYPE needs to reclaim $83

HYPE’s bounce from $75 provides an initial sign of demand, but resistance near $83 remains the more consequential level for buyers.

A sustained move above $83 would strengthen the case that the correction is giving way to a recovery. If momentum continues, the supplied analysis identifies approximately $89 as a near-term target.

HYPE/USD Daily Chart

The Relative Strength Index stands at 39, below the neutral 50 level, indicating that sellers still have the advantage. The indicator is approaching its signal line, but a crossover alone would not confirm a trend reversal.

If HYPE falls below $75, the next technical support to watch is the 200-day Exponential Moving Average near $67.50.

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Cardano slides near $0.20 as bearish derivatives weigh on ADA

Key takeaways

  • Cardano trades near $0.201 on Monday, extending its decline after three consecutive losing weeks.
  • Funding has turned negative at -0.0032%, reinforcing the bearish derivatives picture.
  • ADA faces initial resistance at $0.213, while weak momentum leaves recovery attempts vulnerable.

Cardano fell below $0.202 on Monday as pressure persisted across its derivatives, spot, and technical indicators.

ADA traded around $0.201 following three consecutive weeks of losses, with its decline exceeding 20% since early October. The token remains beneath several major moving averages, suggesting buyers have yet to establish a sustained recovery.

Although momentum is approaching oversold territory, the broader setup continues to favor sellers. Any near-term rebound would face several resistance levels before materially improving the outlook.

Derivatives positioning tilts toward shorts

CoinGlass data shows Cardano’s long-to-short ratio at 0.92 on Monday, close to its lowest reading in more than a month.

A reading below one indicates that short positioning outweighs long positioning within the measured dataset. The figure points to a cautious market in which traders continue to favor downside exposure.

ADA’s funding rate also turned negative, reaching -0.0032%. Negative funding means short traders are paying longs to maintain their positions, consistent with stronger demand for bearish exposure.

Together, the metrics reinforce the weak price trend, although neither guarantees that losses will continue.

CryptoQuant’s summary indicators add to the cautious picture. The platform flags large whale orders and overheating conditions in Cardano’s futures market. Its spot and futures indicators also show sell-side dominance, suggesting selling pressure extends beyond leveraged positioning.

Large orders alone do not establish the direction of whale activity. However, alongside the reported selling imbalance and negative funding, the data offers limited evidence of a decisive shift toward stronger buying demand.

ADA remains below key moving averages

Cardano’s daily technical structure remains bearish, with its price below the 50-day, 100-day, and 200-day Exponential Moving Averages.

These averages sit between approximately $0.218 and $0.237, forming a series of overhead barriers.

The Relative Strength Index stands at 33, just above the conventional oversold threshold of 30. That reading reflects persistent weakness while leaving room for a short-lived corrective bounce.

The Moving Average Convergence Divergence indicator remains negative, with the MACD line below its signal line. Its subdued bearish profile provides little confirmation that momentum is turning in buyers’ favor.

ADA/USD 4-hour Chart

The former trendline break near $0.213 represents Cardano’s immediate resistance. Above that, buyers would face the 100-day EMA at $0.218 and the 50-day EMA at $0.224. Further resistance sits around $0.236, reinforced by the nearby 200-day EMA at $0.237.

A sustained move through that cluster would bring $0.245 into focus, while $0.299 remains a more distant barrier.

On the downside, $0.200 is the nearest psychological reference as ADA trades just above it.

For buyers, reclaiming $0.213 would be an initial improvement. A more convincing recovery would require ADA to overcome its moving averages alongside stronger momentum and easing selling pressure.

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