The altcoin market is showing signs of recovery after a prolonged slump. Some tokens are starting to attract investor attention thanks to new market conditions.
XRP: Regulatory Hopes for a Comeback
XRP has faced challenges, dropping over 30% in March, but April has brought hopes for recovery. With Paul Atkins, a pro-crypto figure, being appointed as SEC Chair, regulatory threats are easing. Ripple's acquisition of the institutional trading firm Hidden Road also strengthens confidence in XRP's future. The current price is around $1.96, and a successful break above the $2.17–$2.23 resistance zone could pave the way to $2.50.
Hyperliquid (HYPE): Revenue Growth Amid Market Challenges
Despite criticism following the JELLY fallout, Hyperliquid continues to show strength, surging 21.5% over the past week. The platform generated over $38 million in March, and recent data shows that HYPE earned $2.4 million in just 24 hours. Priced around $14.77, a break above this level could stimulate further growth to $17.33 or $21.
Ondo Finance (ONDO): Institutional Interest in Real-World Assets
ONDO stands out amid growing interest in Real-World Assets (RWAs). With BlackRock's assets nearing $1.5 billion and Fidelity entering the tokenized asset space, ONDO appears to be a leader in this area. The current price is near $0.85, with short-term resistance at $0.90–$0.95. A break above $1 could initiate a new wave of buying.
Observing these altcoins, one can note their potential for growth amidst market perceptions. XRP, HYPE, and ONDO may capture investor attention due to their unique strengths against the backdrop of economic uncertainty.
