Cryptocurrencies Price Prediction: Ripple, Hyperliquid & Bitcoin – Asian Wrap 21 May
XRP and XLM outlook: Improving market sentiment fuels recovery hopes
XRP trades at $1.384 on Thursday, extending a corrective tone below a stacked group of Exponential Moving Averages that continue to cap the upside. XRP holds under the 50-day EMA at $1.411, leaving price lodged well beneath the 100-day EMA at $1.481 and the 200-day EMA at $1.688, which collectively suggest that rallies remain vulnerable within a broader bearish context.
Crypto Overview: Hyperliquid rallies on strong ETF inflows, Dash and Zcash follow suit
Hyperliquid is extending a strong bullish phase that has reached a seven-month high, driven by recent $22 million in ETF inflows. The everything exchange token holds well above the 50-day EMA at $42.40 and the 200-day EMA at $36.95, which together suggest a firmly established uptrend. The underlying upward-sloping trendline breakout around $53.00 further reinforces the constructive structure.
Bitcoin's rally faces pressure as profit-taking outpaces demand — Glassnode
Bitcoin holds near key level amid falling demand. Weaknesses beneath the surface disrupted Bitcoin’s (BTC) recent push toward $82,000, as rising profit-taking outweighed fresh demand, according to a Wednesday report from Glassnode. The asset briefly reclaimed the True Market Mean at $78,300. While the move marked a notable recovery, Glassnode noted that it did not yet confirm a broader market shift.
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