Market Insights for Crypto: ETH, XRP, ADA, BNB, and HYPE on October 24
Crypto News/Market Analysis

Market Insights for Crypto: ETH, XRP, ADA, BNB, and HYPE on October 24

A review of the current price trends for major cryptocurrencies including Ethereum, Ripple, Cardano, Binance Coin, and HYPE.

This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and HYPE in detail.

Ethereum (ETH)

After a tumultuous period following the crash on October 10th, Ethereum has stabilized around the $4,000 mark, a critical resistance level. A breakthrough above this point could signal renewed optimism. This week, ETH has gained 6% in value.

The trend indicates that sellers might be losing steam, allowing buyers a potential rally, starting above $4,000. For Ethereum to reach new heights this year, it must target the all-time high of $4,900, which requires a rally of 20% from current levels, an achievable goal by the end of 2025.

Ethereum Price Trend

Ripple (XRP)

XRP is developing an inverted head-and-shoulders pattern, with significant support above $2.3, enabling a 10% gain this week. A breakout above $2.7 will position XRP towards a target of $3.

Buyers are slowly entering the market again, and a price above $2.7 would confirm a bullish trend and likely reignite interest in XRP. Today, the daily MACD showed a bullish crossover, signaling readiness for recovery from its recent losses. Sellers may opportunistically return at $2.7, but ahead lies a clear path for upward movement.

Ripple Price Trend

Cardano (ADA)

Cardano rose by 8% this week, echoing Ripple’s movements. If it can hold support at $0.64, ADA stands a solid chance to reach the next resistance level at $0.77. Despite bullish signals in momentum indicators such as MACD and RSI, buying enthusiasm remains weak.

In the future, ADA is set to recover its recent losses with targets set at $0.77 and $0.90. Breaking these levels will be critical for ADA to climb back above $1.

Cardano Price Trend

Binance Coin (BNB)

BNB continues its unique trajectory through 2025, repeatedly achieving record prices, closing the week with an 8% gain. Currently, its price hovers around $1,100, within a range bounded by resistance at $1,200 and support at $1,000, with an all-time peak at $1,375.

If market conditions improve in the upcoming weeks, BNB has potential for new record highs.

Binance Coin Price Trend

Hype (HYPE)

HYPE emerged as the strongest performer this week, soaring 18% and surpassing the $40 mark—recovering from losses incurred in the October 10th crash. If buyers maintain this level, HYPE could test the $43 and $46 resistance levels. Given the bullish momentum, this cryptocurrency may enter a sustained rally.

The primary challenge for HYPE will be regaining the $50 threshold. Achieving this could open the door to new price records.

HYPE Price Trend

Next article

Insider Confidence in ETH Longs Sparks Speculation of a Major Rally

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