XRP price extended losses and traded below $1.950. The price is now 
consolidating and might decline further if it remains below $2.00. XRP price 
started a fresh decline below the $1.950 zone. The price is now trading below 
$1.9350 and the 100-hourly Simple Moving Average. There is a bearish trend 
line forming with resistance at $2.00 on the hourly chart of the XRP/USD pair 
(data source from Kraken). The pair could continue to move down if it stays 
below $2.00. XRP Price Dips Sharply XRP price failed to stay above $2.050 and 
started a fresh decline, like Bitcoin and Ethereum. The price declined below 
$2.00 and $1.950 to enter a short-term bearish zone. The price even spiked 
below $1.880. A low was formed at $1.8681, and the price is now consolidating 
losses. There was a recovery wave above $1.90. The price even tested the 23.6% 
Fib retracement level of the downward move from the $2.028 swing high to the 
$1.8681 low, but the bears remained active. The price is now trading below 
$1.920 and the 100-hourly Simple Moving Average. If there is a fresh upward 
move, the price might face resistance near the $1.950 level and the 50% Fib 
retracement level of the downward move from the $2.028 swing high to the 
$1.8681 low. The first major resistance is near the $2.00 level and the trend 
line. A close above $2.00 could send the price to $2.050. The next hurdle sits 
at $2.10. A clear move above the $2.10 resistance might send the price toward 
the $2.120 resistance. Any more gains might send the price toward the $2.150 
resistance. The next major hurdle for the bulls might be near $2.20. More 
Losses? If XRP fails to clear the $1.95 resistance zone, it could start a 
fresh decline. Initial support on the downside is near the $1.880 level. The 
next major support is near the $1.850 level. If there is a downside break and 
a close below the $1.850 level, the price might continue to decline toward 
$1.820. The next major support sits near the $1.80 zone, below which the price 
could continue lower toward $1.7650. Technical Indicators Hourly MACD – The 
MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative 
Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support 
Levels – $1.880 and $1.850. Major Resistance Levels – $1.950 and $2.00.

XRP Price Under Pressure As Bears Control The Trend

After a tumultuous conclusion to 2025, characterized by heightened volatility 
and the impactful October 10 crypto crash, Hyperliquid (HYPE), one of the 
market’s largest decentralized exchanges (DEXs), faced significant challenges 
as it entered 2026. With less than two weeks remaining in January, market 
research firm GLC released an interesting report assessing Hyperliquid&#8217;s 
current standing and evaluating its recovery metrics. Post-October 10 Downturn 
The report highlights that Hyperliquid&#8217;s trading volume and open interest 
suffered a considerable decline following the liquidation event on October 10, 
marking the onset of a downtrend for the platform. Since that date, trading 
volume has decreased by 44.3%, dropping from $10.17 billion to $5.66 billion. 
Open interest has also experienced a decline of 35.7%, falling from $14.75 
billion to $9.48 billion. However, there are signs of recovery. Notably, since 
December 1, 2025, trading volume on the platform has seen a slight decrease of 
3.2%, while open interest has surged by 45.6%. Related Reading: Is A New XRP 
Price Record Imminent? Analyst Forecast Colossal Short Squeeze Ahead Year-to- 
date metrics reveal a more optimistic picture: trading volume has increased by 
59.2%, rising from $3.56 billion to $5.66 billion, and open interest has grown 
by 24.7%, going from $7.60 billion to $9.48 billion. While open interest has 
started to recover since the October event, trading volume has not rebounded 
at the same rate. This disparity has caused the volume-to-open interest (OI) 
ratio to decline from 0.90 on December 1 to 0.60 as of mid-January, likely due 
to decreased market volatility, which has dampened trading activity. Despite 
these challenges, there is a positive trend indicating that traders are 
beginning to open larger positions on Hyperliquid, and the recovery in volume 
on a year-to-date basis is promising. The report suggests that open interest 
is a more reliable indicator of trader confidence and long-term positioning, 
while trading volume tends to be influenced by broader market conditions. 
Although current metrics remain below pre-October 10 levels, the trend 
indicates that recovery is underway. Will 2026 Mark A Surprising Resurgence 
For Hyperliquid? The recent volume and open interest data are said to be 
bullish, with the 7-day average volume increasing by over 130% year-to-date, 
primarily driven by one active deployer, XYZ, which accounts for roughly 80% 
of that volume. The 7-day average open interest has also risen by more than 
60%. Moreover, Hyperliquid is regaining market share from centralized 
exchanges (CEXs) as seen in the chart below, with its open interest currently 
representing about 14.6% of Binance&#8217;s, gaining momentum against platforms like 
Bybit and OKX. Related Reading: Ethereum Poised For $4,000 Breakout? Expert 
Pinpoints On-Chain Triggers For Potential Rally Another key factor that could 
further contribute to the platform’s recovery this year is the rollout of 
portfolio margin. Currently live on testnet, this feature will enable traders 
to borrow and lend against their collateral, unlocking numerous new use cases. 
Historical evidence from other exchanges, such as Bybit, suggests that 
introducing portfolio margin can be a significant growth catalyst, potentially 
translating to a substantial increase in trading volume for Hyperliquid. 
Overall, core metrics are gradually improving, and several catalysts lie 
ahead, such as the growing adoption of equity perpetuals and the introduction 
of portfolio margin. GLC’s report asserts: …If improving market conditions are 
combined with the catalysts outlined above, and potentially another S3 season 
bringing in new traders, Hyperliquid will surprise the market once again. At 
the time of writing, the platform&#8217;s HYPE token is trading at around $21.84. 
This represents a significant 9% retracement within the last 24 hours alone, 
placing the altcoin 63% below its all-time high of $59.30. Featured image from 
OpenArt, chart from TradingView.com

Where Does Hyperliquid (HYPE) Stand Now? A Deep Dive Into Key Metrics Post-2025

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