Hyperliquid (HYPE) has experienced a major 21% price increase over the past 
week, sharply contrasting with many of the largest cryptocurrencies, which 
have been trading in negative territory. Despite this positive momentum, a new 
report suggests that HYPE may still be undervalued compared to its potential. 
Hyperliquid Reaches Record-Breaking Levels According to a Thursday post from 
Hyperliquid Daily on the social media platform X (previously Twitter), several 
factors underscore why HYPE remains undervalued at its current price. First, 
the trading volume for Hyperliquid has reached unprecedented levels. The 
asset’s 24-hour perpetual volume stands at $6.48 billion, with open interest 
recorded at $6.41 billion. Related Reading: Ripple Launches $750 Million Share 
Buyback, Boosting Valuation To $50 Billion Notably, trading in crude oil 
perpetuals has surged from approximately $21 million to $1.39 billion daily 
since tensions between Iran and Israel began, making it the second most traded 
asset, surpassing even Ethereum (ETH). Additionally, the cumulative protocol 
revenue has crossed the $1.039 billion mark, with an annualized run-rate of 
around $664 million based on a 30-day revenue of $54.4 million. 99% of all 
fees are directed towards buybacks and burns of HYPE through the Assistance 
Fund. The report claimed that with this data recorded over the past month, 
Hyperliquid is evolving from its role as a leading on-chain derivatives 
platform to a more expansive decentralized finance (DeFi) Layer-1 (L1) 
solution. Hyperliquid has also seen recent trading in real-world assets (RWA) 
reach new heights. Over the past two weeks, RWA trading has consistently 
broken records, exceeding $1.3 billion in open interest and achieving over 
$1.4 billion in weekend volume. The Hyperliquid team wrote on X: When 
traditional markets are closed, Hyperliquid is the premier venue for 24/7 
price discovery on oil, metals, indices, and other essential assets. This is 
an important step towards housing all of finance. HYPE’s Technical Outlook On 
the technical side, market analyst TraderJB has commented on HYPE&#8217;s 
performance, noting that its price action is cleaner and more favorable 
compared to approximately 95% of other cryptocurrencies like Bitcoin (BTC), 
which have exhibited a more erratic behavior after failing to surpass its 
nearest resistance wall at $74,000. Related Reading: Bitcoin Enters ‘Most 
Frustrating Phase,’ CryptoQuant Says: A Look At What’s To Come Looking ahead, 
TraderJB predicts that the current price movement from $25 to its present 
trading level of $36.90 resembles an inverted zigzag formation nearing its 
supply limit. For Hyperliquid&#8217;s native token to maintain the upward momentum 
witnessed since the end of last month, the analyst said it will need to 
produce additional upward waves while ensuring that the price does not fall 
below $20.80, as this could suggest a reversal in trend. Featured image from 
OpenArt, chart from TradingView.com

Hyperliquid (HYPE) Under The Lens: These 3 Metrics Point To Severe Undervaluation

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A rapid wave of new artificial intelligence (AI) models in early 2026 — 
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XRP is currently in a consolidation phase below $1.50 as the broader 
cryptocurrency market navigates uncertain momentum and limited liquidity. 
After experiencing significant volatility in recent months, price action has 
slowed. The asset is now moving sideways while traders monitor both 
macroeconomic conditions and underlying on-chain signals that could influence 
future market direction. Related Reading: The $2,050 Pivot: Ethereum Scarcity 
Index Turns Positive As Binance Supply Tightens While the spot price suggests 
relative stability in the short term, new blockchain data points to notable 
structural changes occurring beneath the surface. According to a recent report 
from a CryptoQuant analyst, XRP reserves on Binance have declined to their 
lowest level in roughly ten months. Potentially signaling tightening supply 
conditions on the exchange. Binance remains the largest cryptocurrency trading 
platform by volume. Making reserve data from the exchange an important 
indicator for assessing market liquidity and potential selling pressure. The 
analysis uses a metric that tracks the total value of XRP reserves held on 
Binance, expressed in billions of dollars. Because the indicator is 
denominated in USD, it reflects both the number of XRP tokens held on the 
platform and the asset&#8217;s prevailing market price. As a result, changes in 
reserves can provide insight into shifts in investor behavior. Particularly 
when coins are withdrawn from exchanges and moved into private wallets or 
long-term storage. XRP Exchange Reserves Fall to 10-Month Lows The CryptoQuant 
report highlights a significant decline in the amount of XRP held on Binance, 
pointing to a notable shift in exchange liquidity. According to the data, the 
total value of XRP reserves on the platform dropped to approximately $3.7 
billion by March 10, marking the lowest level recorded since April 2025. The 
decline has accelerated in recent days. In a previous update, Binance reserves 
were estimated at around $3.9 billion. Indicating that the metric has 
continued trending downward over a short period. This steady reduction 
suggests that a portion of the XRP supply is gradually leaving the exchange. 
Historical comparisons provide additional context. Earlier in 2025, Binance 
reserves climbed above $10 billion during both January and July. Those periods 
were followed by sharp price corrections, with XRP eventually falling more 
than 60% and dropping below the $1.20 level. Analysts often monitor exchange 
reserve metrics because they help estimate how much supply is readily 
available for immediate trading or selling pressure. Rising reserves generally 
indicate that more coins are moving onto exchanges, potentially increasing 
sell-side liquidity. Conversely, declining reserves can suggest that investors 
are withdrawing assets from exchanges and transferring them to private wallets 
or long-term storage. A behavior sometimes associated with accumulation or 
reduced selling intent. Related Reading: XRP Withdrawal Surge Meets $1.4B ETF 
Inflows as Capital Returns to Select Altcoins XRP Trades Sideways After 
Prolonged Downtrend The chart shows XRP consolidating near the $1.38 level 
following a prolonged corrective phase that began in the second half of 2025. 
After reaching highs above the $3.00 region earlier in the cycle, the asset 
gradually entered a sustained downtrend characterized by a sequence of lower 
highs and lower lows. Technically, the broader trend remains bearish. XRP 
continues to trade below its key moving averages, including the short-term and 
medium-term trend indicators, which are both sloping downward. The longer-term 
moving average also sits significantly above the current price, highlighting 
the structural weakness that developed during the past several months. Related 
Reading: TRON Joins Agentic AI Foundation As AI Systems Move Toward Real-World 
Deployment One of the most notable events on the chart occurred in early 
February 2026, when XRP experienced a sharp sell-off that pushed the price 
briefly toward the $1.20 area. The move was accompanied by a spike in trading 
volume, suggesting a wave of liquidations or aggressive selling from market 
participants. Since that capitulation-like drop, price action has stabilized. 
XRP is now trading within a relatively narrow range between roughly $1.30 and 
$1.45, indicating that the market is attempting to establish a temporary 
equilibrium. From a technical perspective, the $1.30 region has become a key 
support level, while the $1.50 zone now acts as the first significant 
resistance barrier for any potential recovery. Featured image from ChatGPT, 
chart from TradingView.com

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