HYPE, XRP, and Solana face key support and resistance amid cooling momentum

HYPE: Momentum Slows Near Resistance

In mid-August, HYPE was trading below $60. It then surged more than 40%, setting a new local peak that highlighted the magnitude of the rally. The daily chart now shows HYPE well above its key trend indicators. The 20-day exponential moving average stands at about $71.67, the 50-day and 100-day moving averages are near $63.21 and $61.97 respectively, and the 200-day sits at $54.66. This configuration indicates an overall bullish structure rather than a reversal against a broader bearish trend.

For HYPE to reach $100, momentum will need to sustain another 24% advance from its current price. The area between $85 and $87 presents a notable barrier, with selling pressure evident as the asset faced multiple upper wicks at this level, slowing recent attempts to break out further. A daily close above $87 would make $90 the next psychological milestone.

Momentum indicators show mixed signals. The RSI, which recently moved above 70 and now sits around 65, reflects a cooling momentum. While this suggests some consolidation, it also signals that the strong impulse driving the breakout is moderating.

A similar pattern emerges in trading volumes. Activity surged when HYPE moved from $60 to $70, but volume has steadily declined as the price consolidated between $80 and $85. A confirmed breakout above $87 would likely require renewed volume.

On the downside, immediate support lies between $78 and $80. A deeper pullback might see HYPE test the 20-day EMA near $71.67 without necessarily ending the prevailing uptrend.

HYPE’s momentum has cooled since its breakout, with the RSI dropping back from overbought territory and volume waning, suggesting further gains depend on renewed buying activity.

XRP Tests Major Support at 200-Day Average

Ripple’s XRP has surrendered much of its August gains and now tests a crucial long-term technical level—the 200-day moving average at $1.35. The asset is currently trading close to $1.37, with the difference so slight that this area effectively functions as a test of support.

XRP only recently reclaimed this key average during a sharp move from $1.00, which pushed the price to $1.70 before sellers stepped in. Successfully holding $1.35 may strengthen the bullish narrative, signaling that the 200-day average has reversed from resistance to support.

Intraday price action shows some early buying interest as XRP briefly dipped to $1.34 before rebounding to above $1.36. However, the recent loss of momentum is evident in technical indicators. After peaking above 80 during the rally, the RSI has dropped to 61, indicating that overbought conditions have subsided and that buyers could respond if demand recovers.

Trading volumes remain in decline since the correction began, after surging with the initial breakout. Should $1.35 continue to hold, XRP could attempt to climb to $1.40 and then face resistance between $1.45 and $1.50. A strong move above $1.50 would once again bring the previous highs into focus.

If XRP closes decisively below $1.35, a more bearish scenario could quickly unfold. The next meaningful support would then be the 100-day moving average at $1.21, with the 20-day EMA around $1.27 acting as an intermediate level.

XRP is testing its 200-day moving average at $1.35, a key level that recently switched from resistance to support after a surge from $1.00. Buyers are active, but falling momentum and shrinking volume suggest the outcome remains uncertain.

Solana Defends $100 as Buyers Step In

Solana (SOL) holds firm near the $100 level following its rapid August rally. The project, known for its high-throughput blockchain platform, has attracted buyers each time the price dips toward this psychological threshold, making $100 both a support and a pivot for market sentiment.

SOL touched $110 during its most recent advance and currently trades at about $102.70. The token gained roughly 45% in less than two weeks after rising from $75, although momentum has eased as the price corrects from recent highs. Buyers have prevented a daily close below $100 during the pullback from $110.

The latest session saw SOL rebound to $102 after an intraday dip to roughly $100.90, with this defense particularly significant due to limited technical support below $100. At $90, a confluence of major support exists, where the 200-day moving average and the 20-day EMA (currently at $90.28 and $90.80, respectively) converge.

If $100 fails, SOL could quickly slide toward this next cluster of support. However, Solana continues to hold above the psychological floor, with the daily RSI cooling to approximately 69 after previously entering overbought territory. Decreasing volume further reflects a moderation in trading activity as the rally consolidates.

Should buyers regain momentum, the immediate resistance is at $105, followed by the recent peak range of $109 to $110. A close above $110 could pave the way for targets in the $115 to $120 area. Alternatively, a loss of $100 would make a retreat towards $95 and the broader $90 support range more likely as SOL consolidates gains from its steep rally.

Mini dictionary: Solana, a high-speed, decentralized blockchain platform known for its scalable architecture and fast transaction processing, is popular among both decentralized application developers and DeFi participants due to its low transaction fees and efficient throughput.