Cryptocurrencies Price Prediction: Ripple, Bitcoin & Hyperliquid – European Wrap 13 August

Ripple Price Forecast: XRP recovery lacks momentum as bulls defend $1.00 support

Ripple (XRP) maintains a bearish outlook while trading above its immediate $1.00 support on Thursday. The remittance token has sustained a steady decline from the July high of $1.18, underpinning reduced demand and the lack of catalysts to sustain recovery.

Holding above the $1.00 demand area remains critical to XRP’s recovery. Otherwise, a sell-off could ensue amid buyer exhaustion, driving losses far below the $1.00 region.

Bitcoin Price Forecast: BTC rebounds slightly as consolidation range keeps direction unclear

Bitcoin (BTC) rebounds mildly, trading above $63,800 at the time of writing on Thursday after four consecutive days of losses. BTC has been trading sideways since mid-July, while cautious institutional flows and neutral momentum indicators suggest traders remain hesitant, pointing to a lack of clear directional bias.

Institutional demand for Bitcoin shows cautious sentiment. SoSoValue data shows that spot BTC ETF recorded an outflow of $61.16 million on Wednesday, following a mild inflow on Tuesday and an outflow on Monday. This mixed flow so far this week suggests that institutional investors remain hesitant to increase their exposure amid ongoing market uncertainty.

Hyperliquid Price Forecast: HYPE eyes 50-day EMA breakout as bullish momentum builds

Hyperliquid (HYPE) is trading in the green on Thursday, extending gains toward the 50-day Exponential Moving Average (EMA) at $58.36. Institutional demand remains firm as Hyperliquid treasury Hyperion DeFi saw a $31 million fair value increase in the last quarter. Hyperliquid must clear above the 50-day EMA at $58.36 to further extend its recovery.

Hyperliquid holds firm demand from Corporate companies with stable exposure amid rising market value. Data shows Hyperliquid Strategies holds 17.60 million HYPE, up from 12.50 million in January, while Hyperion DeFi increased its treasury to 1.93 million HYPE, from 1.88 million. The market value of Hyperliquid Strategies and Hyperion treasuries jumped to $980 million and $107 million in Q2, up from $703 million and $77 million at the end of Q1.