The situation in the cryptocurrency market remains unstable due to the worsening political climate in the Middle East. We examine potential altcoins that could perform well under current conditions.
XRP Tests Key Support
XRP's price has fallen below the $2 mark for the first time since April 2025, indicating increased selling pressure. Over the past week, the cryptocurrency has corrected by approximately 15%, with its market valuation dropping to $116.26 billion, corresponding to a market dominance of 3.7954%.
The average trendlines of the Stochastic RSI have breached the oversold territory. However, there is potential for a bullish reversal, suggesting a high likelihood of a price action bounce back in the near future.
If XRP continues its bearish price movement, it could retest its immediate support level of $1.94. The lower support level stands at $1.7240. Conversely, a bullish reversal could push the price towards upper resistance levels of $2.14 or $2.35.
Hyperliquid Holds Strong Support
Despite increased volatility, the HYPE price has successfully retested its important support zone around the $34 mark. Notably, the Hyperliquid price has maintained its value above this level since June, indicating a strong support point.
The MACD indicator shows a strong red histogram on the HYPE price chart. While the 20-day EMA acts as resistance, the 50-day trendline shows strong support around the $32 mark, suggesting a potential reversal point for the altcoin in the market.
If bulls regain momentum, Hyperliquid could move towards upper price targets of $37 or $42 this month. Conversely, increased liquidation may result in the breakdown of its important support zone, retesting a low of $27.425.
Pepe Coin: Make or Break?
The Solana memecoin Pepe has seen its price crash over 20% in the last week, dropping below its important support trend level of $0.00000900. Additionally, this frog-themed memecoin has lost approximately 36% over 30 days and has a Year-to-Date (YTD) return of -55.35%, indicating significant room for a strong bullish reversal.
The SMA indicator constantly hovers above the PEPE memecoin in the daily time frame. Furthermore, the RSI indicator shows a positive move just above the oversold range, valued at 32.58 at the time of writing. Considering these sentiments, the PEPE coin price could regain momentum shortly.
If the Pepe price fails to hold the support of $0.0000090, it may plunge towards its crucial low of $0.00000570. Positively, if the odds favor the market, this could push the price of the PEPE memecoin towards the $0.00001210 level.
Amid growing political instability, the cryptocurrency market remains under threat. However, certain altcoins are showing signs of potential recovery, creating opportunities for investment in the future.
