Cryptocurrencies Price Prediction: Ripple, Hedera & Hyperliquid – Asian Wrap 23 July

Ripple and Stellar outlook: XRP and XLM await direction amid cautious sentiment

XRP trades at $1.136 on Thursday, maintaining a bearish bias as price remains below the short- and medium-term Exponential Moving Averages. The 50-day EMA at $1.145 is the first cap just overhead, with the 100-day EMA at $1.235 further up, underscoring a market that remains pressured despite the recent bounce toward the 23.6% Fibonacci retracement at $1.136, which now acts as a pivotal level.

Crypto Market Overview: Bitcoin recovery eases – HBAR and LDO test key resistance zones

Hedera shows early signs of bullish bias in the near term as price tests the 50-day EMA at $0.0745, which sits well below the 200-day EMA at $0.0958. A breakout of the 50-day EMA at $0.0745 could extend the rally toward the R1 Pivot level at $0.0888. Despite this capped structure, momentum has improved: the RSI has firmed to around 56, while the MACD and signal line rise with the histogram expanding, suggesting that downside pressure is easing.

Hyperliquid, Robinhood could lead crypto’s next bull market as DeFi and TradFi converge

Hougan noted that nearly half of Hyperliquid's trading volume now comes from assets such as Oil, Silver and the S&P 500. The platform is also expanding into spot commodities, prediction markets and options. The report highlighted Hyperliquid's financial performance as a key reason for the bullish outlook. The platform reportedly surpassed $1 billion in lifetime revenue in June and is on track to generate $800 million in revenue this year.