Crypto Price Analysis October-31: ETH, XRP, ADA, BNB, and HYPE

This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater ￰0￱ (ETH) Ethereum closes the week in red with a 2% loss after it struggled to hold above $4,000. If sellers continue to maintain the pressure, then the asset could drop to the key support at $3,345. At the time of this post, ETH is found at around $3,800. The price action is currently in a downtrend, but in the past, buyers always came in strong whenever the asset fell under $4,000.

Since the weekly candle is not closed yet, there is still a chance bulls will return over the ￰1￱ ahead, Ethereum must stop the correction soon if it wants to have a chance at new highs before the end of the year. Hopefully, November will see a reversal and renewed ￰2￱ (XRP) XRP tried to break above the $2.7 resistance this week, but failed and fell lower. Nevertheless, buyers came in strong at the $2.4 support level, which allowed it to close the week 2% ￰3￱ sell volume has dominated the chart since the October 10th crash, and any relief rallies were short-lived. Still, bulls managed to make higher lows, which indicates sellers appear ￰4￱ ahead, the daily MACD remains bullish despite this most recent ￰5￱ buyers manage to maintain this, then XRP may have another chance at breaking the $2.7 ￰6￱ (ADA) Unfortunately for ADA, its price made a lower low most ￰7￱ is also why it closed the week with a 5% ￰8￱ the time of this post, buyers are doing their best to keep this cryptocurrency above the $0.60 ￰9￱ that support falls, then buyers will most likely retreat to $0.54, where the next major level is ￰10￱ current resistance is at $0.64, where sellers were quick to reject a breakout attempt on ￰11￱ ahead, ADA remains bearish, and buyers are still shy at these price ￰12￱ is why this downtrend could continue until market participants become interested ￰13￱ Coin (BNB) Binance Coin fell by 4% this week, but remains firmly placed in a range between $1,000 and $1,200.

So long as it remains in this range, volatility will decrease as buyers and sellers decide on their next steps. A clear breakout is needed beyond $1,200 if bulls hope to take BNB higher. A breakdown under 1,000 would be bearish and see the asset revisit $950 and $900. Looking ahead, the overall market remains choppy, and risk-taking has been punished in October.

Therefore, Binance Coin may need more time until it breaks away from its ￰14￱ (HYPE) HYPE had a very strong relief rally that allowed its price to increase by 15% in a market that was mostly red this week. Still, sellers returned at $50 and stopped the rally, pushing the price into a ￰15￱ cryptocurrency has strong support at $43 and $39, should selling intensify ￰16￱ the time of this post, HYPE is found at around $45. Looking ahead, HYPE’s momentum remains bullish, but it needs to break above $50 to sustain ￰17￱ first attempt at a breakout was rejected, but buyers could try again ￰18￱ success is also dependent on the overall market.