Investors are now wondering if this resilience can trigger a breakout. The overall crypto market is also more active, but not all coins are showing the same strength.
This week, crypto rallied broadly—but Perpetual Open Interest tells a mixed story.
BTC and SOL saw notable OI declines, suggesting reduced speculative positioning while squeezing shorts during the move. Meanwhile, ETH, XRP, and BNB showed rising OI, signalling renewed leveraged… pic.twitter.com/SFhR16yEc8
For XRP, the recent push above $3 is being closely watched. The digital asset has been trading just above its former resistance at $2.95, now acting as support.
If momentum holds, the next upside levels sit near $3.12 and $3.32, with heavier resistance around $3.60. A clear move through these levels could open a path toward the $4.00 mark.
On the downside, support is near $2.60, a level that has drawn steady buying in recent weeks. The repeated rebounds from lower levels suggest there is buyer interest each time the price dips, and charts point to as much as 35% upside if strength continues.
Binance Coin has shown a different kind of lift. The coin rose more than 2% in the last 24 hours and over 13% in the past month.
Interestingly, the gains are tied to fresh institutional demand and steady growth in the BNB ecosystem. Binance Coin is now listed on Hong Kong’s licensed exchange OSL HK.
Binance founder CZ said this makes BNB the fifth approved digital asset available for trading in the region.
On the charts, Binance Coin broke above $925, with momentum indicators still positive. Traders are watching resistance near $958, while support remains firm at $922 and $875.
Based on the price outlook, a push higher could take the coin toward the $996 zone. With both institutional inflows and reduced supply, Binance Coin has been able to keep pace with rising open interest, showing strong participation from leveraged traders.
Tap into the Bitcoin Hyper Magic
Bitcoin Hyper (HYPER) may successfully bring crypto enthusiasts the same returns as ENA and USDe. The HYPER project is designed to deliver a promising Layer 2 solution for BTC to risk-hungry investors.
Markedly, the BTC Hyper project’s presale is presently ongoing, with about 33 hours left before a price adjustment.
The BTC HYPER protocol is designed to enhance transaction speeds and reduce costs while leveraging Bitcoin’s security. The presale has raised a total of $6,873,141.49, reflecting growing adoption of the project.
Current Presale Stats: Current Price: $0.012525 Amount Raised So Far: $6.8 million Ticker: HYPER
Participation in the presale can be done via ETH, BNB, USDT, or credit card directly on the official Bitcoin Hyper website, with Best Crypto Wallet recommended for token management. Investors seeking new opportunities can participate in the presale.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.