As the new week begins, two major altcoins — Hedera (HBAR) and XRP — find themselves at pivotal technical junctures. HBAR is attempting to flip a critical resistance into support after a strong bounce, while XRP is testing a make-or-break support line that could determine its near-term trajectory.
Hedera (HBAR) Holds Above Key Support
HBAR enters the week trading near $0.096, having successfully defended the $0.083 support zone in late May. A rapid rally from that level pushed the price above $0.100, with one intraday spike nearing $0.110 before profit-taking set in. The RSI has cooled to 58.8 from overbought territory, suggesting buyers still hold an edge. The stochastic oscillator sits near 37, indicating a pause after the breakout.
Analysts point to several bullish catalysts for Hedera. Its market cap has risen to roughly $4.6 billion, making it the 18th-largest cryptocurrency. Growing investor preference for utility-driven projects over memecoins has benefited HBAR, particularly given its enterprise focus on real-world asset tokenization and fast transactions. Institutional involvement remains high: the Hedera Governing Council includes Google, IBM, and FedEx. The Canary HBAR Spot ETF is already trading, and additional applications from large asset managers are pending. While ETF approvals alone do not guarantee inflows, they expand access for traditional investors.
Technical levels to watch: a close above $0.095 would confirm the breakout, with targets at $0.105 and $0.110. Failure to hold $0.095 could open the door to $0.085 and the swing low near $0.083. As long as HBAR stays above $0.090, the bullish structure remains intact.
XRP Navigates a Crucial Support Zone
XRP is trading around $1.33–$1.34, down 0.32% in the past 24 hours. The $1.35 level has emerged as a critical battleground. Analyst Ali Martinez highlights that XRP is at the lower bound of a rising channel, a potential buying zone if it holds. A break below, however, could send the price toward $1.33 and then $1.31.
On the hourly chart, a declining channel has formed with resistance at $1.3380. XRP has already slipped below the 38.2% Fibonacci retracement of the $1.2658–$1.3642 move, a bearish signal. The 100-hour simple moving average near $1.3150 is the next line of defense. Crypto analyst Josiah Gallegos called the current setup a “make-or-break” moment, urging traders to watch daily closes closely. A breakout with volume could target $1.37, $1.39, and $1.40. A rejection risks a drop to $1.3120 and $1.3050.
Market sentiment for XRP remains cautious, with moderate daily volume ($1.41 billion) and a 3.32% market share. With a low-news environment, technical levels are likely to drive short-term price action.
