In brief
- XRP (XRP): Price trades at $1.096 below its major moving averages, and the $1 level is the main test for buyers.
- Near Protocol (NEAR): Price keeps moving in the downtrend, with a potential of testing level even lower than before.
- Hyperliquid (HYPE): Price at $75 is moving further into a downtrend, with $72–$73 as the closest support.
- Stellar (XLM): Price has lost $0.15 and is down 37% from its September peak, with the November 23 upgrade vote as the main fundamental factor.
XRP Main Priority Is Higher Lows
With price currently trading at $1.096, XRP has already recorded another substantial drop. The market positioning of the asset remains weak, as XRP is trading below its major moving averages. Higher lows and fundamental improvements are two main priorities for the asset right now.
XRP’s last bullish hope was a short recovery rally towards the $1.34 price threshold. It failed to hold on to that momentum and tumbled towards the area where buyers previously stopped the summer decline. From approximately $1.34, XRP lost roughly 18% of its value and lost everything it built up throughout the recovery.
But where would XRP finally settle down? Realistically, the closest support is the $1.075 level, matching the latest session’s low, followed by the $1.03–$1.05 range and the $0.99–$1.00 area, both psychological and technical. A breakdown below, unfortunately, would put the summer bottom under pressure and open the way to further weakness.
But even if XRP is oversold, with RSI below 30, bulls might still stay sidelined. The XRP Ledger activated the fixCleanup3_4_0 amendment on November 4. It removed an exploit that, under certain conditions, let accounts authorized to burn an issuer’s tokens also mint them. The native supply of XRP has not been affected, luckily, but the amendment is not a factor that can help XRP reach key market levels.
In a case, where bulls somehow wake up, a recovery towards $1.15 and $1.20 is the main priority, while a proper trend reversal would require a move toward the moving averages around $1.30–$1.35.
Whether buyers can defend the $1 level or not is the main test for the asset right now. Without substantial volume, a short-lived price bounce here won’t change the situation as a whole, unfortunately.
Near Protocol (ZEC) Next Support is Fine
NEAR entered November under pressure after losing much of its September advance. After briefly reaching approximately $6 in October, the token fell toward $3.66 on November 9, according to the daily NEAR/USDT chart.
That represented a decline of roughly 39% from the local peak and put NEAR back at an important moving-average support zone.
Trading activity has also weakened alongside the price. Volume remains substantially below the levels seen during September’s breakout, suggesting that buyers have not yet returned with comparable strength.
However, lower volume does not necessarily confirm that selling pressure has disappeared. NEAR continues to form lower highs, while recovery attempts remain below its shorter-term moving averages.
Institutional exposure remains part of the investment case. Bitwise’s spot NEAR ETF, launched on September 29, held approximately 15.69 million NEAR worth $58.21 million as of Nov. 5. The fund reported that 99% of its holdings were staked.
Hyperliquid (HYPE) Bullishness at Risk
Hyperliquid keeps going down and has recently violated an important moving average. It’s now trading at $75, going further into downtrend, despite the strong fundamental background around Hyperliquid: Hyperliquid Strategies disclosure and a potential approval by the U.S. futures commission.
The broader market access, however, isn’t something that the majority of retail investors consider a bullish catalyst, unfortunately. The asset has not yet found a strong bullish case. It’s unlikely to be institutional too.
Technically, the bounce of HYPE/USDT could happen on 200 EMA, especially with a volume uptick and the recovery of the market in general. However, the selling pressure still overweights the buying support, according to exchange flows.
The netflow stays negative, and Hyperliquid is only yet to catch up with the bullish flow of the market. RSI confirms the thesis, moving around 40 and suggesting a bearish momentum, or a sideways movement at least. Volume should also surge substantially.
Key price levels for HYPE are: $72–$73 as the closest support level, $68 as the longer-term moving average, and $78–$80 as the first resistance level. Several moving averages sit at approximately $81–$85, so a breakthrough there should become a foundation for a price recovery.
Stellar (XLM) Buyers Lose Ground
Stellar already lost an important psychological level of $0.15, and there’s a real scenario where XLM breaks down even more.
37% is the current recorded loss from its September peak of $0.235. The correction is rapidly erasing the recovery it has been building and finally invalidating it in October. The price is back in the accumulation range that was present back in May.
XLM moves below all major moving averages, with most of them aiming downwards and hinting at the aggravation of the current trend on the market.
With RSI and volume moving sideways or showing a descent, bear trend keeps the upper hand with sustained pressure on the price going further. The only positive signal could be the fact that RSI temporarily violated the reading of 30, which could be the sign of XLM approaching an oversold zone.
From a fundamental perspective, the Bell Protocol upgrade number 30 is the only thing that could set XLM apart from the rest of the market, with the vote scheduled for November 23.
The update will introduce: muxed contract addresses (ability to serve multiple users from a single smart contract), post-quantum signature verification and more.
In order to make the network more responsive, resilient and stronger in the future, millisecond ledger timing is also coming. It won’t make the network faster on its own after the upgrade, but it opens up possibilities for developers to improve the network in the future.
