🚨 XRP, ZEC, HYPE, and SHIB collectively pulled back! The four major altcoins are nearing key support, will the next step be a rebound or continued plunge?

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2 hours ago

🚨 XRP, ZEC, HYPE, and SHIB Under Pressure! Four Altcoins Approaching Key Support Levels, Who Will Bounce Back First, and Who Might Continue to Plummet?

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The uptrend in late September is gradually ebbing, and XRP, Zcash (ZEC), Hyperliquid (HYPE), and Shiba Inu (SHIB) are beginning to face new tests. After the four tokens fell from recent highs, they are approaching crucial support areas, and whether the market can stop falling next depends not only on how much the prices have dropped but also on whether buying pressure can re-enter the market and if there is sufficient trading volume to accompany any rebound.

From the current technical structure, the situations of the four tokens are not completely the same. XRP's rebound is weak and is still limited by selling pressure in the short term; ZEC, while it has clearly retraced from highs, still hovers near a more closely monitored support area; HYPE needs to regain $88 to further open up upward space; while SHIB is still struggling at low levels, whether it can hold the line at $0.00000530 will directly impact its short-term trajectory.

The question arises: Is this round of correction merely a normal consolidation after the rise, or has the trend begun to weaken? The next few key price levels may provide clearer answers.

XRP: $1.35 is the Key Defense Line, Rebound Must Accompany Trading Volume

XRP is currently about $1.395, showing a significant drop from the late September high near $1.66. In early October, the price briefly dipped to $1.32, followed by a slight rebound, but the rebound strength remains limited, and trading volume has not improved noticeably.

This means that while some buying has appeared at lower levels, it cannot be confirmed that the market has finished bottoming out. If the price only experiences a brief rebound without attracting more funds to enter, it may still test the lower support again.

From a technical standpoint, $1.35 is currently the most noteworthy area, with $1.32 being the next important defense line. If $1.35 can be held, XRP may have a chance to continue consolidating and attempt to repair its trend; however, if the price effectively breaks below $1.35, the market may retest $1.32, and if it further weakens, attention will need to be focused on the support near $1.25.

The upward pressure is also significant. $1.45 is the position that needs to be broken first for a short-term rebound, while $1.50 is a more important resistance area. Only if XRP can maintain $1.45 with increased volume does it have a chance to challenge $1.50 and even push towards $1.60.

But there is a key detail here: price increases do not equate to trend reversals. What is truly worth noting is whether trading volume expands in tandem with the resistance break and whether the corresponding price level can be maintained after the breakout.

Short-term observation focus: whether $1.35 can be held, and whether $1.45 can be effectively broken with increased volume.

ZEC: Retracement from $1700, $1190 Determines Whether Adjustment Deepens

Zcash (ZEC) has recently experienced significantly increased volatility. The token surged to around $1700 at the end of September and subsequently underwent a major retracement, with the current price around $1236.

Compared to some persistently sluggish altcoins, ZEC's previous gains were more prominent, but the selling pressure from profit-taking after a rapid increase cannot be overlooked. A drop from the highs does not necessarily indicate that a long-term trend has ended, but it does mean that short-term capital is reassessing current valuations and upside potential.

$1190 is the most important support area at the moment. If the price can stabilize near this area and gradually reclaim $1300, the market may re-establish rebound expectations. Conversely, if $1190 is effectively broken, the next positions to watch are $1100 and then the psychologically significant $1000.

On the upside, $1300 is the first important resistance, and after breaking it, $1400 near needs to be faced. If buying pressure continues to strengthen, ZEC will have the opportunity to further challenge higher prices and attempt to approach the previous high of $1700 again.

However, one must not assume that ZEC will continue to rise simply because it has seen significant gains. A highly volatile asset can either undergo strong consolidation or experience deeper pullbacks after a rapid increase. Especially when trading volume is insufficient, even if the price temporarily breaks through resistance, it may quickly fall back.

Short-term observation focus: whether $1190 can form effective support, and whether sustained buying can occur above $1300.

HYPE: Must Hold $83 to Have a Chance for a Counterattack, $88 is the Short-term Watershed

Hyperliquid (HYPE) is currently around $85.24, having fallen from a high near $98 at the end of September. After previously receiving support around $83, the price rebounded and has now returned above $85, but it is still some distance away from truly breaking significant short-term resistance.

HYPE differs from typical altcoins; its price performance is affected not only by the overall sentiment of the crypto market but also by trading activity on the Hyperliquid platform, derivative market demand, and changes in token supply and demand. Therefore, to assess HYPE's future trend, in addition to observing candlestick patterns, one must also monitor whether the platform's fundamentals can continue to support market expectations.

From a technical position, $83 is the nearest direct support. If this position is held, HYPE has a chance to challenge $88 again; if it can break through $88 with increased volume, attention can then shift to $92 and higher regions of $95 to $98.

However, if $83 is lost, the short-term structure may weaken, and the price could continue to explore $78 or even test support near $74.

It is important to note: HYPE's distance from the previous high does not mean that the price will necessarily challenge $98 again. Only when a rebound is accompanied by improving trading volume and key resistance is effectively broken, does the market have reason to raise expectations for further upward movement.

Short-term observation focus: whether $83 can remain stable, and whether $88 can transform from resistance to effective breakout level.

SHIB: Low Price Does Not Mean Cheap, $0.00000530 Must Not Be Easily Lost

Shiba Inu (SHIB) is relatively weak, currently priced around $0.00000542, still operating below the crucial reference level near $0.00000560.

For meme tokens like SHIB, market sentiment, community heat, and capital flow can significantly impact short-term prices. However, when the overall market's risk appetite declines, tokens lacking sustained buying support may also face more apparent selling pressure.

Currently, $0.00000530 is the first position that needs to be held, followed by $0.00000510. If these two positions can form support, SHIB still has a chance to initiate a recovery trend.

On the upside, it must first break through $0.00000560 to further challenge $0.00000580 and $0.00000600. If it remains unable to reclaim $0.00000560, the rebound may still just be weak consolidation.

Conversely, once $0.00000510 is effectively broken, attention will need to shift to the area between $0.00000470 and $0.00000450. If the overall market continues to weaken, these positions may become the next focus of observation.

For SHIB, the most common misconception is thinking that the price is low, hence there is limited space for further declines. However, a low token price does not mean it is undervalued, nor does it guarantee a rebound. What truly matters is whether capital is willing to re-enter and whether the price can rise above key resistance levels.

Short-term observation focus: the strength of support at $0.00000530, and whether $0.00000560 can be effectively reclaimed.

Overview of Key Price Levels for Four Major Altcoins

Token

Reference Price

Main Support

Key Resistance

XRP

$1.395

$1.35, $1.32, $1.25

$1.45, $1.50, $1.60

ZEC

$1,236

$1,190, $1,100, $1,000

$1,300, $1,400, $1,500

HYPE

$85.24

$83, $78, $74

$88, $92, $98

SHIB

$0.00000542

$0.00000530, $0.00000510, $0.00000470–$0.00000450

$0.00000560, $0.00000580, $0.00000600

Note: The above are reference prices and technical levels provided in the original text and do not represent real-time market conditions or confirmed price targets. Actual support and resistance may be adjusted according to market changes.

What to Focus on Next? Don't Just Stare at Price Movements

Although these four tokens have all experienced noticeable corrections, their market structures and risks are not the same. XRP needs to address the lack of trading volume in its rebound; ZEC must demonstrate that there is still sufficient buying pressure after the high-level retracement; HYPE needs to focus on whether platform fundamentals can align with technical breakouts; while SHIB requires the market sentiment to warm up again to escape the weak range.

Traders can focus on three key signals moving forward.

First, when key support levels are tested, whether selling pressure gradually weakens. If prices repeatedly test lower levels without making new lows, it may indicate that sell pressure is easing; however, this still requires confirmation from subsequent movements.

Second, whether volume accompanies resistance breakouts. A mere brief breakout is not reliable; if price quickly falls back into the original range, the so-called rebound may just be driven by short-term funds.

Third, whether the overall risk appetite in the crypto market has improved. If Bitcoin continues to weaken, altcoins' rebounds may also be suppressed; even if some tokens show independent trends, attention must be paid to their sustainability.

Conclusion: Support Levels Are Not Guarantees; Breakouts Are Key Next Steps

XRP, ZEC, HYPE, and SHIB are currently near important technical positions, but they have not given fully consistent directional signals. Holding support may provide rebound opportunities; losing support indicates that the market needs to reassess downside risks.

What is truly worth noting is not guessing which token will surge first, but rather observing how prices respond to critical levels and whether trading volume supports trend continuation.

Before a direction is confirmed, chasing highs can easily lead to buying at the end of a rebound, and blindly bottom fishing may catch falling prices instead. Rather than making premature bets, it is better to wait for clearer signals at key levels before deciding on the next steps.

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