
Hyperliquid (HYPE) Loses $40 Threshold, Ethereum (ETH) Price Bounce Receives Boost, Shiba Inu (SHIB) Rally Struggles: Crypto Market Review
Hyperliquid (HYPE) falls below $40 as other cryptos remain stable.

XRP remains above the critical $1.38 support level despite recent pullbacks, suggesting potential for further upward movement. Analysts believe the current decline is a temporary consolidation rather than a trend reversal.
XRP continues to show resilience above the crucial $1.38 support level despite recent corrective weakness. While momentum remains modest, the ongoing structure still suggests the pullback may be part of a broader bullish setup rather than the start of a deeper decline. As long as buyers defend this key zone, the possibility of another leg higher remains firmly on the table.
According to a recent analysis by More Crypto Online, XRP remains within a broader range-bound structure. The pullback observed since the May 10 high is currently interpreted as a corrective three-wave decline rather than a definitive trend reversal. This suggests that the recent downward pressure may be a temporary consolidation phase within the larger market cycle.
A critical component of this outlook is the defense of the key swing low situated around $1.38. More Crypto Online emphasizes that as long as this specific floor remains intact, the technical structure allows for another move higher, potentially within a diagonal pattern.
Despite the possibility of an upward move, the analyst notes that current upside momentum remains relatively weak. The recent price advance bears a striking resemblance to the corrective three-wave move that followed the April 5 low.

Source: Chart from More Crypto Online on X
Technicians are closely monitoring the internal B-wave support zone, which lies between $1.40 and $1.42. More Crypto Online points out that this region is traditionally difficult to trade, as B-waves often fail to respect Fibonacci levels with precision. However, the internal 100% extension target near $1.41 has already been reached, which frequently serves as an ideal completion point for a corrective three-wave decline.
Holding above $1.38 indicates that XRP is maintaining a crucial support level, which could lead to further price increases if buyers continue to defend this zone.
No, the recent pullback is viewed as a corrective phase rather than a definitive trend reversal, suggesting that XRP may still be in a bullish setup.
If XRP can maintain its position above $1.38, it may pave the way for another upward movement, although current momentum remains weak.

Hyperliquid (HYPE) falls below $40 as other cryptos remain stable.

XRP remains above $1.45 as demand weakens ahead of key Senate vote.

Hyperliquid (HYPE) ETF debuted in the US with over $1 million in first-day inflows, but its price fell about 4% to $38. Analysts suggest a potential rise to $100 by summer 2027 as market conditions improve.

User Claims Claude AI Helped Unlock $400K Bitcoin Wallet After 9 Years

XRP investment products surged 1,220% in inflows last week, reaching $39.6 million.

Bitcoin's price rally stalls below $80K as profit-taking rises.
See every story in Crypto — including breaking news and analysis.
Ultimately, the market must now prove whether it can find a firm footing within this support region to trigger the next rally phase. More Crypto Online concludes that the prevailing wave count remains valid only as long as the $1.38 level is successfully defended.
Crypto analyst Xaif Crypto highlights that XRP is currently exhibiting a significant divergence as Binance spot Cumulative Volume Delta (CVD) remains resilient despite the price hovering near local lows. This stability during a prolonged downtrend suggests that selling pressure is being met with firm underlying demand.
While a price drop of this duration usually triggers a sharp decline in spot volume delta, the current steady metrics suggest quiet institutional accumulation is occurring behind the scenes. Xaif Crypto highlights that a similar divergence previously served as a definitive precursor to a sharp market reversal. Given this historical precedent, the current stability in spot volume suggests that XRP may be nearing the conclusion of its consolidation phase and preparing for a trend shift.
XRP trading at $1.45 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Freepik, chart from Tradingview.com