Broader crypto market volatility has cooled in recent sessions, but that calm is masking diverging fortunes across three closely watched altcoins. XRP is struggling to clear overhead resistance, Zcash is attempting to claw back a chunk of its July correction, and Hyperliquid is sliding as institutional holders continue trimming exposure.
None of the three tokens is seeing strong positive netflows at the moment, and traders are watching a cluster of moving-average levels that could determine which direction each breaks next.
XRP struggles to clear $1.10
XRP is trading near $1.08, pinned below a resistance band between $1.09 and $1.10 where its 50-day and 100-day moving averages have converged. The token's Relative Strength Index sits at 46, just under the neutral 50 mark, after price fell below the rising support line of a symmetrical triangle pattern.
A break above the $1.09-$1.10 zone would still leave XRP well short of its 200-day moving average at $1.21, a level analysts see as the real test of whether momentum can shift. Support sits at $1.05, with a psychological floor at $1.00 should selling pressure intensify. For now, XRP needs a meaningful pickup in trading volume to escape its current range.
Zcash targets a bounce back to $500
Zcash has spent roughly two weeks in an orderly correction after peaking near $570 in July, with volume fading as the pullback progressed. ZEC now trades around $476, just above its 100-day moving average of $474 and below the steeper 50-day average near $495.
Its RSI has ticked back up to about 46 following the profit-taking phase. A reclaim of the $495 level could open the door to a test of $500 and then the $520 resistance zone, while the 200-day moving average at $412 marks the more significant support floor if the correction deepens instead.
Hyperliquid slides as institutions cut exposure
Hyperliquid's HYPE token has fared the worst of the three, dropping roughly 25% over the past month to trade near $53.2. That puts it below both its 50-day moving average ($57.2) and 100-day average ($60.3), with the 200-day average near $50 now acting as the nearest support.
RSI has dropped to about 33, nearing oversold territory, while trading volume has fallen sharply compared to the May-June period. Transfers from large holders including Bitwise and Multicoin Capital point to continued institutional exposure reduction, creating persistent overhead selling pressure that has kept HYPE from mounting any sustained recovery.
