The crypto market did relatively well during the weekend as the market capitalization jumped to over $3.77 trillion. Bitcoin remained above $111,000, while other top coins like Ethereum and Solana were up significantly from its lowest level this month. This article provides the forecasts for some notable coins like Jupiter (JUP), Hyperliquid (HYPER), and XRP.
Jupiter price prediction
Jupiter is a top player in the Solana ecosystem, where it runs one of the biggest perpetual exchanges. It has launched numerous solutions in the past few months, including a lending platform with over $800 million in assets and a prediction platform in collaboration with Kalshi.
Jupiter price has rebounded in the past few weeks, moving from a low of $0.1070 on October 11 to $0.4330, its highest point on October 9. It has now crossed the important resistance level at $0.4045, its highest point on October 14.
The Relative Strength Index (RSI) and the MACD indicators have all pointed upwards, a sign that the trend is strengthening. It has moved above the Major S/R pivot point of the Murrey Math Lines tool.
Therefore, the most likely Jupiter price forecast is bullish, with the initial target being at $0.50, the strong pivot reversal point of the MML tool. This target is about 15% above the current level. A move below the support at $0.4046 will invalidate the bullish outlook.
Hyperliquid price forecast
Hyperliquid is a major player in the perpetual trading industry, where it handles volume worth billions of dollars a day. Its volume this month stood at over $252 billion, meaning that it may pass or equal its September volume of over $280 billion.
HYPE price has pulled back from the year-to-date high of $59.2 in September to the current $43. Most recently, it has bounced back from a low of $31.68 as the crypto market rebounded. This rebound happened as it filed to raise $1 billion public offering to buy HYPE.
The coin is attempting to move above the 50-day and 25-day Exponential Moving Averages (EMA). It is also attempting to rise above the lower side of the ascending channel.
At the same time, the Relative Strength Index has crossed the neutral point, while the two lines of the MACD indicator have made a bullish crossover. Therefore, the token will likely keep rising as bulls target the key resistance level at $50.
XRP price prediction
The daily chart shows that the XRP price has rebounded in the past few weeks. It has jumped from a low of $1.7775 on October 11 to the current $2.60.
The chart shows that the Ripple price has formed an inverse head-and-shoulders pattern. This is one of the most popular bullish reversal pattern.
The token is about to move above the 50-day and 25-day Exponential Moving Averages. Also, the two lines of the MACD have formed a bullish reversal pattern, while the Relative Strength has jumped.
Therefore, the token will likely continue rising as bulls target the key resistance level at $3.0.
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