2026-01-08 03:20:41

Hyperliquid recently launched the XRP spot trading pair (FXRP/USDC), which is significant for perpetual DEXs—just the open interest alone is around $250 million. This means traders now have an additional hedging tool.

From a technical perspective, XRP price has just broken out of a multi-month downtrend, which is a positive signal. However, the real key resistance level is at $2.70—currently, the price is still oscillating below it.

The current situation is as follows: the price is repeatedly testing the $2.15-$2.20 range, which is a substantial support zone. If the daily chart can hold above this level and RSI stays above 50, then a breakout above $2.70 could be possible. After breaking through, the next technical target might be $3.00.

But don’t get too excited—it's still crucial to see whether the price can increase volume and reclaim the $2.30-$2.50 range, as that would be a confirmation of bullish momentum.

XRP0,52%

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HashBard

· 12h ago

XRP really doing the whole "tortoise vs hare" thing rn... 2.70 either breaks or we're just watching expensive sideways poetry again tbh

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Layer2Arbitrageur

· 01-10 00:20

lmao hyperliquid adding spot pairs now? that 250m oi is basically peanuts if we're talking real volume. the real arb play is cross-chain basis spreads, not this surface-level tech analysis.

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DegenApeSurfer

· 01-08 19:25

XRP is repeatedly testing at 2.15, it feels like it's accumulating strength. If this wave can really stabilize, breaking through 2.70 shouldn't be a problem, it all depends on the volume. Hyperliquid adding 250 million in hedging tools, hedging isn't really useful, the key is whether it can truly rise haha. Wait, really reaching 3 dollars? I need to keep my profit-taking order at 2.50 safe. Honestly, I've heard this kind of technical analysis too many times, and in the end, it all gets smashed down. But XRP has indeed been interesting lately, breaking out of the downtrend signals are pretty good. Only a volume-driven recovery counts; without volume, it's all just talk.

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MetaverseMigrant

· 01-08 03:49

Breaking 2.70 is impossible; it's all in vain. It's too early to celebrate now.

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SillyWhale