Hyperliquid, the decentralized exchange (DEX) behind the HYPE token, surprised 
the market on Monday with a new product initiative that ran counter to the 
prevailing bearish sentiment across the crypto sector. As several major 
cryptocurrencies slipped below important technical levels, Hyperliquid’s 
native token jumped roughly 14% following the announcement, signaling renewed 
investor interest despite broader market weakness. Hyperliquid’s HIP‑4 
Proposal The rally was triggered after the Hyperliquid team revealed details 
of HIP‑4, a proposal that introduces outcome‑based trading to the platform. 
Shared via the social media platform X (previously Twitter), the announcement 
explained that HyperCore — Hyperliquid’s Layer‑1 blockchain engine — will soon 
support so‑called “outcomes.” These are fully collateralized contracts 
designed to settle within a predefined range. Unlike traditional leveraged 
derivatives, outcome contracts do not rely on leverage or liquidations, 
offering a different approach to derivatives trading. Related Reading: Is The 
Bitcoin Bottom In? CMT Reveals What Investors Need To See Now According to the 
team, outcomes are intended as a general‑purpose building block that can power 
use cases such as prediction markets and bounded, options‑like instruments, 
areas where user demand has been growing. Following the news, HYPE managed to 
hold firmly above the psychologically important $30 level and was trading near 
$33.22 at the time of writing. Over the past week alone, the token has surged 
approximately 48%. The move stands in stark contrast to the performance of the 
wider market. During the same period, Bitcoin (BTC) fell around 10%, Ethereum 
(ETH) dropped roughly 18%, and Binance Coin (BNB) slid about 11%. Challenging 
Polymarket And Kalshi Beyond price action, the Hyperliquid team emphasized the 
broader implications of the outcome primitive for its ecosystem. Outcomes 
introduce non‑linear payoff structures and fixed‑duration contracts, expanding 
the range of financial products that can be built on HyperCore. These 
contracts are also designed to work alongside existing components such as 
portfolio margin and the HyperEVM, increasing the overall flexibility of the 
platform’s infrastructure. At this stage, outcomes remain under development 
and are currently being tested on Hyperliquid’s testnet. The team noted that 
standardized, or “canonical,” markets based on objective settlement sources 
will be launched once development is finalized. Depending on community 
feedback, Hyperliquid plans to eventually open the system to permissionless 
deployment, allowing a wider range of users and builders to create their own 
markets. Market researcher DeFi Ignas described the proposal as an important 
innovation, highlighting how outcome contracts could be combined with 
perpetual futures to create more efficient hedging strategies. As an example, 
he explained that a trader could hold a long ETH perpetual position while 
simultaneously purchasing an outcome contract that pays out if ETH falls below 
a certain price level, such as $2,000. According to Ignas, this type of 
composability is not currently possible on prediction platforms like 
Polymarket or Kalshi. Ignas also pointed to permissionless market creation as 
another potential differentiator. HYPE Battles Major Resistance HYPE&#8217;s price 
behavior reflects the instability of the crypto market, despite the euphoria 
surrounding Hyperliquid&#8217;s HIP-4. From a technical sense, $28 served as a major 
support level during the weekend, preventing further losses. Related Reading: 
Dogecoin Crash Sends It To Key Demand Zone, Here’s The Level To Watch On the 
upside, resistance near $34 has capped gains on multiple occasions, including 
two failed attempts to break higher on Wednesday and Thursday of last week. 
Whether HYPE can decisively clear this resistance is likely to determine 
whether the recent rally extends further or gives way to another short‑term 
correction. Featured image from OpenArt, chart from TradingView.com

Hyperliquid Unveils HIP‑4, Sending HYPE 14% Higher On Outcome Trading Plans

Spot crypto trading volumes have fallen by half since October as liquidity 
dried up and investor engagement weakened.

Spot crypto volumes plunge to 2024 lows as investor demand weakens

ARK Invest increased exposure to Robinhood, Circle, BitMine, Bullish and other 
crypto-linked firms within several innovation and fintech-focused ETFs this 
week.

Cathie Wood’s ARK boosts crypto shares amid stock pullback

Galaxy’s Alex Thorn says Bitcoin’s realized price is currently $56,000, a 
level it is likely to fall to without clear drivers to spark a rally.

Bitcoin may fall to $56K as reasons for gains ‘remain hard to find’: Galaxy

XRP sits at a crossroads. Trading around the $1.6 area after a steep run 
higher and a later pullback, the token now rests on a weekly support band that 
traders are watching closely. According to crypto analyst Scott Melker, this 
is one of the cleaner risk/reward setups in crypto right now — a small stop 
can limit losses while a bounce could offer meaningful gains. Related Reading: 
Crypto Funds Bleed $1.80 Billion As Metals Rally Heats Up Support Zone Holds 
The Key Based on reports, the zone around $1.55 to $1.60 is important. It 
lines up with the midpoint of the breakout that began in November 2024 and has 
acted as resistance before flipping to support. When price briefly dipped 
toward $1.50 and then closed January above the $1.60 mark, some traders read 
that as a liquidity sweep that cleared short orders. That kind of action can 
presage either a bounce or a deeper move, depending on whether fresh buying 
shows up. What History Shows XRP moved sideways in 2023 and much of 2024 
before breaking out from roughly $0.50 to $0.60 in November 2024. A fast 
advance followed, carrying price toward the $2.00 area and then higher into 
the $3.66 peak in July 2025. $XRP Crazy chart. Trading exactly at the last 
meaningful support on the chart before a huge air pocket. For traders, this is 
about the best risk/reward you get on an asset. Easy to cut loose with a small 
loss if support fails. pic.twitter.com/wySapwsnT0 — The Wolf Of All Streets 
(@scottmelker) January 31, 2026 Those gains set a higher structure, but they 
also left large pockets of profit taking above current levels. Reports say 
that repeated failed attempts above $3.50 marked weakening demand, which 
helped trigger the current drop back to the $1.6 region. Tight Downside, Open 
Upside According to Scott Melker, a.k.a. &#8220;Wolf of All Streets&#8221;, traders can 
manage risk with a stop between $1.45 and $1.50. That makes the downside 
measured. On the flip side, a recovery would likely test $2.00 first, then run 
into supply around $2.50–$2.60, before facing heavier resistance near $3.00 
and the old highs. That path is straightforward on paper, but market context 
changes outcomes. Volume confirmation is absent from many of the bullish 
takes; a support hold without visible buying on the tape is fragile. Broader 
liquidity in US markets and risk appetite for crypto will also play a major 
role in whether the bounce can sustain itself. Related Reading: Crypto Hacks 
Explode: $370 Million Stolen In January Alone: Researchers XRP’s Sweet Spot: 
Small Risk, Big Upside For Melker, setups like XRP’s current level are rare in 
crypto right now — a defined support, a tight stop, and clear upside targets 
create a scenario where the potential reward outweighs the risk. He emphasizes 
that traders don’t need to predict every twist in the market; instead, 
focusing on trades with controlled losses and meaningful gains can be the 
difference between surviving and thriving in volatile conditions. In XRP’s 
case, the near-term risk is small relative to the possible rebound, making it 
a setup many are watching closely. Featured image from Unsplash, chart from 
TradingView

Cryptocurrency price in ARS