Hyperliquid (HYPE) Back on Growth With 13% Rally, Ethereum (ETH) Risks Losing $2,000 Way Quicker, XRP's Only Chance for $2 Comeback: Crypto Market Review

U.TodayMay 205 min readSingle source

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5-point summary · 1 min

After buyers defended the rising trendline that has supported the asset for months, the most recent move drove HYPE back toward the $48 area.
The bullish chart structure is still evident.HYPE created a solid upward recovery channel after bottoming close to the $25 mark earlier in the year.
Until ETH firmly returns to that level, the general trend still favors bears.The $2,000 area becomes the most crucial short-term support if selling pressure picks up speed.
Currently, three conditions must coincide for the only feasible scenario to occur.First, XRP needs to keep defending the $1.30 support range.
Without that breakout, buyers won't have any proof that accumulation is taking place.If those circumstances are met, XRP may eventually gain enough traction to rebound to the psychologically significant $2 level.

$2,000$2$48$25$2,100,$2,550,

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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. HYPE prints multiple lowsEthereum is far from OKXRP's inability to maintain momentumOne of the best-performing major cryptocurrency assets during a time when much of the larger market is still uncertain is Hyperliquid, which is regaining strong bullish momentum after posting a sharp 13% rally. After buyers defended the rising trendline that has supported the asset for months, the most recent move drove HYPE back toward the $48 area. HYPE prints multiple lowsHYPE continues to print higher lows and higher highs, indicating sustained demand rather than a transient speculative bounce, in contrast to Bitcoin and many other altcoins that are currently struggling below significant resistance zones. The bullish chart structure is still evident.HYPE created a solid upward recovery channel after bottoming close to the $25 mark earlier in the year. Since then, every significant correction has been aggressively bought, and the price has continuously recovered momentum rather than collapsing into protracted consolidation. HOT Stories HYPE/USDT Chart by TradingViewStrengthening RSI momentum coincided with the recent breakout, and it returned to bullish territory without yet reaching extremely overbought conditions. This implies that, if general sentiment about cryptocurrencies stays steady, the rally still has potential to continue.Relative strength is another significant factor. HYPE is trading well above its major trend support zones, while Ethereum, XRP, and the majority of speculative altcoins continue to struggle under long-term moving averages. Instead of weaker charts that are solely reliant on market recovery, traders are increasingly turning to assets that exhibit real momentum and active ecosystem growth.The ongoing interest in decentralized perpetual trading platforms contributes to this strength. Growing trader activity has helped Hyperliquid, as investors look for alternatives to the dominance of centralized exchanges. Bullish sentiment surrounding the project is still supported by high trading volume and ecosystem participation.Ethereum is far from OKAs declining momentum increases the possibility of an early breakdown below the psychologically significant $2,000 level, Ethereum is once again approaching a crucial support zone. Following several rejections close to the 100-day and 200-day moving averages, the current chart structure indicates that ETH was unable to maintain its recent attempt at recovery.With a tightening bearish structure that recently broke to the downside, the price has now fallen below a number of short-term support levels. Ethereum is currently trading close to $2,100, but momentum indicators indicate that sellers are still in control of the market.ETH/USDT Chart by TradingViewThe RSI is still declining and is currently below neutral territory, which indicates that buying pressure is waning. Additionally, during rebound attempts, volume remains comparatively low, indicating that traders are reluctant to aggressively accumulate ETH at current levels.Broader market weakness is currently one of Ethereum's biggest issues. After being rejected close to significant resistance, Bitcoin has begun to cool off, and Ethereum has a history of responding more forcefully to market declines. Leveraged positions across altcoins frequently unwind quickly when BTC loses momentum, adding pressure to ETH.Because Ethereum is still trading well below the long-term 200-day moving average in the vicinity of $2,550, the technical structure is also still fragile. Until ETH firmly returns to that level, the general trend still favors bears.The $2,000 area becomes the most crucial short-term support if selling pressure picks up speed. A clean breakdown below it could trigger panic selling and liquidation cascades, particularly among traders who entered during the most recent rebound phase anticipating a bigger recovery rally.XRP's inability to maintain momentumXRP is approaching a critical point where maintaining the current consolidation range before momentum completely fades could be the only factor affecting its entire medium-term recovery structure. After being stuck beneath significant resistance zones for weeks, XRP is currently trading around $1.37.As the price continues to hover slightly above the crucial $1.30 support region, the chart displays repeated rejections close to the declining resistance trendline. This support is crucial. XRP has avoided the kind of collapse that weaker altcoins and memecoins have experienced over the last few months. The asset transitioned from freefall to a compressed sideways structure. This kind of consolidation frequently serves as the foundation for a more extensive recovery move.XRP/USDT Chart by TradingViewXRP still has significant issues, though. The asset is still below the downward-sloping 100-day and 200-day moving averages. This indicates that, even with brief rallies, the overall trend is still technically bearish. As sellers continue to aggressively defend higher levels, every attempt at a breakout toward the $1.50 region has failed quickly.Additionally, the RSI remains largely neutral, indicating market uncertainty rather than a lack of strong bullish momentum.What is the likely route for XRP to return to $2? Currently, three conditions must coincide for the only feasible scenario to occur.First, XRP needs to keep defending the $1.30 support range. A clean breakdown below it would likely destroy the present consolidation structure, creating space for much deeper downside.Second, the price of Bitcoin must stabilize. XRP rarely moves independently for extended periods. Regardless of its own fundamentals, XRP will likely lose steam if BTC enters another correction phase.Third, XRP needs to recover the moving average cluster between about $1.40 and $1.50 with significant volume expansion. Without that breakout, buyers won't have any proof that accumulation is taking place.If those circumstances are met, XRP may eventually gain enough traction to rebound to the psychologically significant $2 level. That move would probably require stronger capital inflows into altcoins, improved sentiment toward cryptocurrencies, and a resurgence of market confidence.Though the window is closing, XRP still has a chance to recover for the time being. The current support zone is doing the majority of the work. If it fails, the path to $2 will be much more difficult.

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Bitcoin stabilizes near $63,000, but reclaiming $64,000 is the real test Bitcoin is stabilizing near $63,100 after buyers defended the lower part of its recent range. That is constructive, but it is not yet a confirmed recovery. BTC must first overcome resistance near $63,175-$63,270, while reclaiming and holding $64,000-$64,095 remains the more important test. Key takeaways for Bitcoin traders and investors Current position: BTC is holding above the previous month’s lower value boundary near $62,380. Immediate resistance: Buyers need to clear $63,130-$63,175, followed by $63,247-$63,270. Main recovery test: A sustained reclaim of $64,000-$64,095 would carry much more weight than a temporary bounce near $63,000. Major support: The broader $62,380-$62,535 region remains the most important defended zone. Bullish confirmation: Repeated closes, consolidation or a successful retest above $64,095 would show that Bitcoin is beginning to establish higher accepted value. 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Price subsequently recovered toward $63,100, strengthening the case that buyers are willing to defend the lower part of the previous month’s trading range. What stands out to me, however, is how little upward progress followed that buying. Several periods showed positive buying pressure, but BTC remained concentrated around $63,050 and repeatedly struggled to extend beyond $63,150-$63,175. In simple terms, buyers have shown that they can slow the decline, but they have not yet shown that they can move Bitcoin into a clearly higher trading range. This is the difference between stabilization and recovery: Stabilization means sellers are no longer pushing price lower with the same ease. Recovery means buyers are lifting price, holding above resistance and shifting the market’s most active trading area higher. Bitcoin has shown the first condition. The second still needs confirmation. Why $62,380 and $64,095 matter The previous month’s value area provides a useful map of where most Bitcoin trading took place: Value Area Low near $62,380: The lower boundary of the previous month’s heavily traded range. Point of Control near $64,095: The price that attracted the most trading activity during the month. Value Area High near $65,050: The upper boundary of the previous month’s accepted range. BTC is currently about $720 above the monthly Value Area Low, but almost $1,000 below the monthly Point of Control. Holding above $62,380 tells us that demand inside the previous month’s range has not completely failed. Remaining below $64,095 tells us that buyers have not regained control of the broader value structure. This is also why $64,095 may be more important than $64,000 itself. The round number attracts attention, but $64,095 represents the previous month’s busiest price area. A brief move above $64,000 could still become another failed breakout. 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That would place BTC outside the previous month’s accepted value area and suggest that the market may need to search for demand at lower prices. Traders should still distinguish between a brief move below $62,380 and genuine acceptance beneath it. Crypto markets can produce fast stop-runs through visible support before reversing. Repeated closes or continued trading below the level would carry more bearish significance than a momentary sweep. What Bitcoin traders may consider watching Different traders may use these levels in different ways, at their own discretion: Short-term breakout confirmation: Watch whether BTC can break above $63,175 and successfully retest it, with $63,247-$63,270 providing the next validation area. Support-zone reaction: If BTC returns to $62,380-$62,535, watch whether buyers defend it again or whether selling begins to hold below the zone. 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