On the morning of July 11, prominent cryptocurrencies such as Ethereum (ETH) $2,966 , Ripple’s XRP, Cardano $0.734128 ( ADA ), Solana $163 ( SOL ), and Hyperliquid’s mainnet asset HYPE emerged as decisive forces in the global crypto market . Following substantial weekly growth, investors are questioning the potential for new record highs. Bitcoin’s recent peak has provided additional momentum to altcoins, significantly increasing trading volumes. Testing price levels at critical support-resistance zones will be crucial in determining the sustainability of these trends.
Ethereum and XRP Take the Lead
Ethereum surged 17% throughout the week, exceeding the $2,800 resistance and briefly crossing $3,000 before retracting. The pattern of higher lows and highs confirms buyers’ dominance. The $2,800 level has now turned into a primary support, and if maintained, it is expected to solidify $3,000 as a sustainable support level.
Ethereum’s upward targets are sequentially $3,350 and $3,500. Bitcoin’s price exploration process is a key driver of Ethereum’s momentum.
Ripple $3 ’s XRP surpassed the $2.3 barrier and encountered resistance at $2.6, ending the week 15% higher, according to CoinMarketCap data. If the buying momentum converts $2.6 into a lasting support, the $3 threshold may re-emerge as a target.
This price movement, after a prolonged sideways trajectory, serves as a reminder to be cautious around the $3 region where sharp sell-offs were witnessed in the past.
What Lies Ahead for Cardano, Solana, and HYPE Coin?
Cardano ended its downtrend with a 17% rise, reclaiming the $0.64 support. The market sentiment is turning positive; sellers may emerge at $0.7, but momentum shows potential to reach $0.9. The forthcoming psychological $1 threshold is crucial as it will test the strength of buyers.
Solana turned the $152 level into support and climbed above $160, yielding an 8% weekly gain. Although buyer interest in Solana isn’t as strong as in Ethereum and XRP, the $186 resistance is being monitored. Further positive trends in Bitcoin $117,296 and Ethereum may prompt scenarios exceeding $200.
HYPE coin reached a fresh peak at $46.25, exhibiting a 17% weekly increase. This performance positions it as the strongest-performing asset among the top 10 cryptocurrencies.
With just a 10% additional rise, HYPE may tackle the psychological $50 threshold. Surpassing this could set a $55 target, but increasing valuations might trigger profit-taking.
