Foreign media commentators believe that after the recent pullback in the crypto market, XRP, Zcash, and Hyperliquid tokens have all reached key price levels. The article's core assessment is that XRP is approaching the psychological threshold of $1, ZEC is attempting to hold $500, and whether HYPE can return to $70 depends on whether support around $57 holds.
XRP approaches $1
XRP recently failed to break through the upper resistance level, and the price has returned to around $1. The article states that the short-term uptrend line that supported its movement for most of July is now under pressure, and the price has fallen below multiple short-term moving averages, indicating that short-term momentum continues to weaken.
The article mentions that XRP briefly attempted to return to the vicinity of the 50-day moving average, but quickly encountered selling pressure. The current price remains below the 26-day, 50-day, and 100-day moving averages, while the 200-day moving average is above $1.43, indicating an overall weak trend. If $1 is breached, the next support area may be around $0.95.
ZEC is focused on $500.
The article argues that after its rapid initial rise, Zcash is returning to the $500 area, a key level to watch in this cycle. ZEC previously approached $580, but after its recent pullback, the market is observing whether this decline is a temporary consolidation or the start of a deeper correction.
Based on the technical levels provided in the text, the ZEC remains above its major moving averages. The 50-day moving average is around $476, while the 100-day and 200-day moving averages are around $460 and $408, respectively. This means that as long as the price continues to hold above these levels, the long-term uptrend structure remains intact.
The article also mentions that the trading volume accompanying this pullback is lower than the levels that drove the previous rise, indicating that there is no obvious panic selling in the market yet. If the $500 area holds, the first level to watch is still around $580; if this level is broken, the price may retest the $650 to $680 range.
HYPE test $57
Regarding Hyperliquid's HYPE, the article states that it is approaching a significant support zone following this year's surge. The token previously retreated from above $75 and is currently near the $57 area, where the 100-day moving average is located, and buying activity is starting to emerge in this area.
The article argues that although the recent correction has given back some of the gains from July, the overall trend remains intact. HYPE is still above its 200-day moving average of around $50, and the $57 area coincides with the previous breakout zone, therefore this level is considered a key short-term support.
The article points out that HYPE currently faces significant resistance in the $63-$65 range. If the price reclaims this range, market focus may shift back to $70, followed by the previous high of $75-$76. Conversely, a break below $57 could lead to further declines and a test of long-term support near $50.
