Kategorie: Crypto Analysis

Key takeaways

• HYPE recovered to $81.88 after falling to approximately $77.59 following hotter-than-expected US producer inflation.
• Ripple Prime introduced institutional RWA perpetual swaps referencing more than 100 Trade.xyz markets on Hyperliquid.
• HYPE faces resistance at $83.10, while support lies around $76.30–$75.70.

HYPE recovers after inflation-driven selloff

Hyperliquid’s HYPE token rebounded toward $82 on Friday, recovering from an intraday decline as new institutional trading initiatives drew attention to the platform.

HYPE traded at approximately $81.88 at the time of this report, up 0.8% over the previous 24 hours. Earlier, the token fell to around $77.59 after a stronger-than-expected US inflation reading.

September’s Producer Price Index rose 6.3% year over year, exceeding expectations of 5.3%. The surprise renewed concerns about the Federal Reserve’s interest rate outlook and weighed on risk-sensitive assets.

Leveraged bullish positions absorbed most of HYPE’s liquidation losses. CoinGlass data showed approximately $7 million in long liquidations, compared with $810,000 in short positions.

Although the rebound restored HYPE above $80, the token remained below important short-term moving averages.

Ripple announced Thursday that Ripple Prime had introduced real-world asset perpetual swaps covering more than 100 reference markets.

The products span equities, equity indices, exchange-traded funds, metals, energy and foreign exchange. Trading and settlement are available around the clock, including weekends.

The swaps reference Trade.xyz perpetual futures listed on Hyperliquid. Ripple Prime acts as the principal counterparty, giving institutional clients access through its brokerage services rather than requiring them to trade directly on the decentralized platform.

The offering expands the connection between institutional brokerage services and Hyperliquid’s derivatives infrastructure. However, the launch does not establish a direct or immediate increase in demand for HYPE itself.

RLUSD collateral and cross-margining support the offering

Eligible clients can use Ripple’s RLUSD stablecoin as collateral for the new swaps. Ripple Prime also supports cross-margining across eligible asset classes, allowing institutions to manage collateral requirements and portfolio risk across multiple positions. 

Offsetting exposures may reduce margin requirements, depending on the portfolio and applicable rules.

Market maker Virtu is among the institutions already using the products, according to Ripple.

The service is currently offered through Ripple Prime’s CIV BVI license. Ripple plans to expand availability to additional regions but has not provided a timetable.

Separately, EQX Labs announced plans to introduce 11 tokenized US equity and ETF markets on Hyperliquid’s HyperCore infrastructure.

The proposed lineup includes exposure to Apple, Nvidia, Amazon and Tesla, alongside ETFs tracking major US markets.

According to EQX, the tokens will trade on Hyperliquid’s public order book and will each be backed by shares held in custody.

These planned products differ from the perpetual derivatives Ripple Prime referenced. Together, the initiatives point to a broader range of traditional-market exposures being developed around Hyperliquid.

HYPE faces resistance at the 50-Day EMA

HYPE’s daily chart retains a slightly bearish tone despite the rebound. The token remains above its 100-day Exponential Moving Average at $76.30 but below the 50-day EMA at $83.10 and the 20-day EMA at $85.40.

That positioning suggests longer-term support remains intact while short-term recovery attempts face overhead resistance.

The Relative Strength Index stands near 43, below its neutral midpoint. Meanwhile, the Stochastic Oscillator is around 20, indicating weak momentum near oversold territory without confirming a reversal.

Initial resistance sits at $83.10. Above that, the horizontal barrier at $85 and the 20-day EMA at $85.40 form the next resistance area. A sustained recovery through those levels would bring $97.80 into focus.

On the downside, the 100-day EMA at $76.30 and horizontal support at $75.70 form an important defensive zone. Losing that area could expose successive support levels at $67.60, $61.10 and $51.50.

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Key takeaways

• Ethereum recovered above $2,400 after briefly falling toward $2,340 following hotter-than-expected US producer inflation.
• September PPI rose 6.3% annually, while core PPI reached 5%, both exceeding forecasts.
• Support stands near $2,355, while resistance between $2,496 and $2,552 could challenge the recovery.

Ethereum rebounds after producer inflation surprise

Ethereum recovered above $2,400 on Friday after a stronger-than-expected US wholesale inflation report briefly pushed the cryptocurrency toward $2,340.

September’s Producer Price Index increased 1.3% month-over-month and 6.3% annually, exceeding forecasts of 0.5% and 5.3%, respectively.

Core PPI, which excludes food and energy prices, also surpassed expectations. It rose 0.7% monthly and 5% annually, compared with forecasts of 0.3% and 4.4%.

The figures followed Wednesday’s hotter-than-expected Consumer Price Index release, adding to concerns about persistent inflation and the outlook for monetary policy.

Ethereum initially declined alongside other risk assets before recovering as Treasury yields and the dollar retreated.

The concentration of losses among bullish traders highlights the pressure on leveraged positions during the decline. Forced position closures can intensify selling as falling prices erode traders’ collateral.

The figures cover the full 24-hour period, including the volatility surrounding the inflation releases, rather than only the immediate response to Thursday’s PPI data.

Ethereum’s rebound accompanied a decline in US 10-year Treasury yields to 5.095%, their lowest level since September 22.

Lower yields helped ease one source of pressure on Ethereum following the earlier inflation-driven rise in borrowing-cost expectations.

The US Dollar Index also reversed its post-CPI gains, falling to approximately 102.04 at the time of writing.

Together, the retreat in yields and the dollar provided a more supportive backdrop for the broader cryptocurrency recovery, even as inflation concerns remained unresolved.

Ethereum defends $2,355 support but faces resistance

On the daily chart, Ethereum recovered from the area around its 100-day Exponential Moving Average at $2,356 and horizontal support at $2,355, following its brief dip beneath that zone.

Buyers are now attempting to maintain the recovery above $2,411. Momentum indicators show some improvement. 

The Relative Strength Index edged up to 40.9, while the Stochastic Oscillator stood near 25. Both suggest that immediate bearish pressure has eased, although they do not establish a confirmed trend reversal.

The first upside obstacle is the 50-day EMA at $2,496. Beyond that, horizontal resistance at $2,548 and the 20-day EMA at $2,552 form a closely grouped barrier.

Reclaiming those levels would strengthen the short-term recovery outlook. On the downside, the 2,355–2,356 area remains important. A daily close below it could expose support at $2,204, followed by $1,971 and $1,827 if selling continues.

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Key takeaways

• Ethereum traded below $2,400, down 5.3% over 24 hours, after stronger-than-expected US inflation unsettled crypto markets.
• Higher Treasury yields, a stronger dollar and rising rate hike expectations added pressure to ETH.
• Key support sits around $2,353–$2,355, while resistance at $2,498 and $2,548 could challenge recovery attempts.

Ethereum retreats as inflation raises rate hike concerns

Ethereum extended its decline below $2,400 on Thursday as stronger-than-expected US inflation triggered renewed selling across cryptocurrency markets.

The second-largest cryptocurrency traded near $2,370 at the time of the report, losing approximately 5.3.% over the previous 24 hours.

September’s Consumer Price Index rose 0.6% month-over-month, matching expectations but accelerating from August’s 0.4% increase. Annual headline inflation reached 3.7%, above the 3.6% forecast and up from 3.4% previously.

Core inflation, which excludes food and energy prices, also exceeded expectations. The measure rose 0.3% monthly and 2.6% annually, compared with forecasts of 0.2% and 2.5%, respectively.

The figures increased concerns that persistent inflation could prompt further monetary tightening, weakening demand for risk assets.

US Treasury yields and the dollar strengthened following the inflation release, creating additional headwinds for Ethereum.

The 10-year Treasury yield climbed to 5.32% before easing toward 5.22%. Meanwhile, the US Dollar Index moved above 102.80 for the first time since April 2025, according to the report.

Higher Treasury yields increase the relative appeal of interest-bearing assets, raising the opportunity cost of holding cryptocurrencies. A stronger dollar can also weigh on dollar-denominated crypto prices.

At the same time, the probability of a Federal Reserve rate increase at its October meeting rose from 22% to 35%, based on the CME FedWatch figures cited in the source.

That repricing reinforced expectations of tighter financial conditions, leaving Ethereum vulnerable to further selling.

ETH long positions account for most liquidations

Ethereum’s decline also forced leveraged traders out of positions. CoinGlass data shows $293.98 million in ETH liquidations over the previous 24 hours. 

Long positions accounted for 90% of that total, indicating that traders positioned for higher prices absorbed most of the losses.

The latest liquidations followed Tuesday’s volatile trading, which wiped out approximately $120 million in Ethereum longs.

Successive rounds of long liquidations highlight the pressure on bullish leveraged positions. Forced selling can amplify a price decline when falling collateral values trigger further position closures.

Onchain data suggests potential selling pressure is also building outside the derivatives market.

Ethereum’s exchange netflow has remained positive since Sunday, continuing a pattern seen during the previous week, according to CryptoQuant data cited in the article.

Positive netflow means more ETH is entering exchanges than leaving them. Such movements can indicate that holders are preparing to sell, although deposits alone do not confirm that sales have occurred.

Combined with rising long liquidations, the trend leaves Ethereum facing pressure from both leveraged positioning and potential spot-market supply.

Ethereum faces resistance below $2,563

Ethereum’s daily chart maintains a bearish near-term bias, with the price below its 50-day Exponential Moving Average at $2,498 and its 20-day EMA at $2,563.

The first recovery hurdle is the 50-day EMA. Above that, the horizontal resistance at $2,548 and the 20-day EMA form a further barrier to sustained gains.

A recovery through this area would bring $2,636 into focus, followed by resistance near $2,781.

Momentum remains weak. The 14-day Relative Strength Index stands around 38, while the Stochastic Oscillator is near 7, indicating oversold conditions. Those readings could support a pause or short-term rebound, but they do not confirm a downtrend reversal.

The source analysis identifies the recent close near $2,432 as an immediate reference, although ETH’s quoted price of about $2,430 puts it marginally below that mark.

Further down, horizontal support at $2,355 closely aligns with the 100-day EMA at $2,353, creating an important support zone.

Holding that area would preserve a longer-term technical cushion despite the weak short-term outlook. A decisive break beneath it could expose the next downside levels at $2,204 and $1,971.

For now, Ethereum’s recovery prospects depend on buyers stabilizing the price and reclaiming overhead resistance as inflation concerns and selling pressure persist.

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Key takeaways

• Zcash traded near $1,111 on Thursday, extending Wednesday’s roughly 6% decline.
• A sustained four-hour close below $1,115 could expose support at $1,050 and $1,000.
• ZEC needs to reclaim resistance between $1,242 and $1,264 to ease its near-term bearish outlook.

Zcash extends losses despite renewed ETF buying

Zcash continued to fall on Thursday as inflation concerns weighed on the broader cryptocurrency market, overshadowing a return to inflows into Grayscale’s Zcash-focused exchange-traded fund.

ZEC traded around $1,094 at the time of the report, extending the previous day’s roughly 6% loss. The decline brought the privacy coin below last week’s $1,115 low, although a sustained four-hour close beneath that level remained important for confirming a breakdown.

The latest selling extends a correction from Zcash’s late-September peak of $1,698. With momentum indicators still pointing lower, attention has shifted toward whether buyers can prevent a deeper retreat toward $1,000.

The US Consumer Price Index showed annual inflation of 3.7%, exceeding expectations of 3.6%, according to the supplied report.

The stronger reading increased concerns about persistent inflation and the possibility of further interest rate hikes, weakening appetite for cryptocurrencies.

Bitcoin’s vulnerability around $80,000 added to the cautious backdrop. Further weakness in the largest cryptocurrency could intensify selling across altcoins, including Zcash.

These macroeconomic pressures have limited the impact of improved demand through ZEC investment products, leaving the token under pressure despite Wednesday’s positive fund flows.

Grayscale’s ZCSH attracts $3.68 million

Grayscale’s Zcash-focused fund, ZCSH, recorded $3.68 million in inflows on Wednesday, according to SoSoValue data cited in the report.

The inflows ended two consecutive days of withdrawals, which followed two weeks of net outflows. The reversal offered an early indication of renewed demand through the product.

However, a single positive session does not establish a sustained recovery in investor appetite. Zcash’s continued spot-market decline suggests the buying was insufficient to overcome broader selling pressure.

Whether ZCSH can attract further inflows will help determine if Wednesday’s improvement develops into a more durable trend.

Zcash tests support below $1,115

Zcash’s four-hour chart retains a bearish bias, with the price trading well below two important moving averages.

The 50-period Exponential Moving Average stands near $1,242, while the 200-period EMA sits around $1,264. Together, they form an overhead resistance zone that could complicate recovery attempts.

Momentum indicators reinforce the weak outlook. The Moving Average Convergence Divergence indicator and its signal line remain below zero, accompanied by deeply negative histogram bars.

Meanwhile, the Relative Strength Index hovers around 34, indicating subdued momentum while remaining slightly above the conventional oversold threshold of 30.

The immediate technical question is whether ZEC confirms a sustained break below $1,115. A four-hour close beneath that level would strengthen the bearish case and increase the risk of further losses.

If the breakdown holds, the September 4 high near $1,050 becomes the next downside reference, followed by psychological support at $1,000.

A failure to defend $1,000 could expose the August 23 high around $888. That deeper target remains conditional on Zcash losing the intervening support levels.

For buyers, the first significant recovery hurdle is the 50-period EMA at $1,242. Beyond that, the 200-period EMA near $1,264 presents another barrier.

Reclaiming this resistance zone would help ease downside pressure. Until then, weak momentum and broader market uncertainty leave Zcash exposed to further selling, with the $1,115 level central to its immediate direction.

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Key takeaways

• XRP bounced from $1.32 following news of Standard Chartered’s involvement in an RLUSD custody arrangement.
• The deal with Ripple and LMAX would allow institutional clients to place RLUSD with the bank.
• XRP ETFs have attracted around $12 million this month, pointing to substantially weaker inflows than September.

XRP rebounded from support at $1.32 as investors assessed a custody arrangement involving Standard Chartered, Ripple and institutional trading firm LMAX Group.

Announced Monday, the deal would allow LMAX customers to place Ripple USD (RLUSD) with Standard Chartered, adding bank custody capabilities to their stablecoin activities.

The development supports Ripple’s institutional expansion, although XRP’s technical outlook remains cautious and ETF inflows have slowed.

Standard Chartered brings bank custody to RLUSD

The arrangement aims to give institutional clients greater flexibility in safeguarding RLUSD and managing risk.

Standard Chartered’s Global Head of Digital Assets, Waqar Chaudry, said clients want access to digital asset markets while maintaining established standards for asset protection.

He added that combining the bank’s capabilities with Ripple and LMAX could help institutions incorporate digital assets into their broader financial activities.

The agreement concerns custody of RLUSD. Its implications for XRP depend on whether broader ecosystem adoption translates into demand for the token.

RLUSD has grown to approximately $2.4 billion in market capitalization, according to RWA.xyz figures.

Ripple has also pursued licenses in key jurisdictions to support payments and other financial services using the stablecoin for settlement.

The Standard Chartered arrangement adds another institutional connection to that effort. Expanded RLUSD usage could support activity across the XRP Ledger, providing additional opportunities for payments and financial applications.

However, stablecoin growth and XRP investment flows currently present different pictures.

SoSoValue data shows XRP-linked ETFs have received approximately $12 million in net inflows this month.

If that pace continues, October inflows could finish below $30 million—roughly 75% lower than September’s total.

That projection remains dependent on flows during the rest of the month, but the current figures suggest institutional investors have become more cautious during XRP’s pullback.

A stronger recovery would benefit from renewed buying interest alongside the ecosystem’s custody and payments developments.

XRP price outlook: $1.28 holds the key to recovery

The latest bounce reinforces $1.32 as an important near-term support level. Analysts places the 200-day exponential moving average near that area.

A further decline could bring $1.28 into focus. The analyst views that level as the final support underpinning the recovery scenario; a sustained break below it could expose a deeper move toward $1.

The Relative Strength Index has fallen to around 40, indicating weak momentum. That reading alone does not confirm that selling pressure is exhausted or that a rebound is imminent.

Provided $1.28 holds, XRP maintains an upside target of $1.80 over the coming weeks, followed by $2.10 if buying momentum strengthens. Those levels remain conditional forecasts as XRP attempts to stabilize after its correction.

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