XRP jumps 10% to $1.40, DOGE and SHIB see major breakouts, HYPE eyes $80

XRP recovers key resistance

The most notable advance came as XRP broke above the critical $1.16 resistance as well as short-term averages near $1.09. The price temporarily moved past the long-term moving average, which had previously acted as dynamic resistance during the extended downtrend, topping $1.34 at its peak.

Maintaining levels above $1.34–$1.35 could prove far more important to sustaining this uptrend than the initial surge. An established daily close above this region may open the door to the $1.45–$1.50 zone and turn the long-term moving average into a floor. The former consolidation area around $1.55 could become relevant if the momentum persists.

Trading volume added further confirmation, with daily turnover jumping to approximately 277 million, notably higher than in previous sessions. The daily relative strength index (RSI) spiked to around 83, placing XRP in distinctly overbought territory.

XRP’s short-term outlook has improved after the break above $1.34. Still, momentum readings suggest rising risks as the rally becomes increasingly stretched.

Analysts cautioned that while strong rallies can keep assets overbought for a while, the risk of a pullback grows. A retracement to $1.34 could be constructive if bulls defend that level; losing it may deepen the retest toward $1.16.

SHIB aims for bullish reversal

Shiba Inu (SHIB) advanced about 5.7% to $0.00000523, seeking to turn a recent bounce into a true trend reversal. After clearing the essential $0.000005 marker, SHIB’s technical structure has improved, highlighted by a break above the orange moving average near $0.00000489 and clearing short-term averages at $0.00000452–$0.00000465.

Trading activity surged as volume reached nearly 1.53 trillion SHIB. The price rise, combined with increased volume, reinforced the significance of the move, contrasting with the quieter period earlier in August. However, SHIB faces stiff resistance at $0.0000057–$0.0000058, near the downward-sloping long-term moving average of $0.00000574.

The RSI currently sits at roughly 67.8, just shy of the typical 70 overbought threshold. Compared to XRP, SHIB still has room for growth if momentum picks up. Breaking and securing $0.0000057 as support would put the March–May consolidation zone near $0.0000060 into focus for the bulls.

SHIB’s breakout over key averages and the $0.000005 level signals a potential bullish shift, but confirmation above $0.0000058 remains vital for a true reversal.

A failure to hold $0.000005 may weaken SHIB’s setup, returning focus to $0.00000465 and $0.0000045 as support.

HYPE tests yearly highs

Hyperliquid (HYPE) surged toward $76 in a strong daily move, essentially erasing losses from the August decline. The asset has returned to the upper edge of its 2026 trading range and is challenging previous highs between $76 and $78, lending further technical significance to the rally.

HYPE’s recovery is supported by reclaiming all major moving averages on the daily timeframe. The intermediate average near $57.70 and short-term support between $60.50 and $60.70 reinforce the uptrend, while a long-term average at $51.90 sits further below.

Compared to the earlier August correction, HYPE’s rebound comes with a stronger structure and increasing, though still moderate, trading volume. If buyers can secure a daily close above $76–$78, the token may enter price discovery mode, targeting $80 in the near term.

Momentum remains the main risk factor, with a daily RSI of about 78 marking very overbought conditions. Some cooling or a pause would be typical before further upside, while support at $68–$70 and then $60–$61 provide downside protection.

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Mini dictionary: Hyperliquid, a decentralized exchange specializing in derivatives and spot trading, uses advanced on-chain order book architecture to provide high-speed, gas-free trading for digital assets.

DOGE breaks out, eyes key resistance

Dogecoin (DOGE) jumped roughly 4% to about $0.087, producing a clear breakout from the compressed trading structure that defined August. The move propelled DOGE past several important resistance zones that had weighed on the price near yearly lows.

A sustained recovery of short-term averages at $0.072 and a subsequent surge past the intermediate average at $0.080 marked the start of this breakout, with trading volumes climbing to 1.07 billion DOGE. This significant volume shift contrasts with the subdued activity earlier in the month, providing essential confirmation for the rally.

DOGE now faces new technical hurdles, trading below its primary dynamic resistance at the long-term moving average near $0.095. This level also aligns with a previous consolidation zone between $0.09 and $0.10.

Momentum indicators now reflect a stretched market, with DOGE’s daily RSI surging to 77.7. If the $0.09–$0.095 range is cleared and held, further gains to $0.10 or even the May highs around $0.11–$0.115 become possible. If momentum slows, defending $0.080 is now crucial for bulls.

While DOGE’s breakout is impressive, restoring the broader bullish structure depends on a decisive reclaim of $0.095; support sits strongest at $0.072–$0.073.