XRP struggles at $1.35 while HYPE token soars to record highs in 2026

Cryptocurrency markets are showing mixed movements this week. XRP remains stuck near $1.3518, struggling under heavy resistance. Meanwhile, Hyperliquid’s HYPE token has surged to new highs, driven by strong demand and a deflationary model. XRP’s price has faced persistent pressure, hovering just below key moving averages. Analysts warn that if support at $1.35 fails, the token could drop toward $1.00. Despite this, optimism persists—market watchers predict a rebound to between $2.00 and $2.80 by year-end, provided the Senate passes the Digital Asset Market Clarity Act. This legislation could unlock institutional interest, offering a long-term boost.

Binance’s XRP reserves have shrunk to 2.74 billion, suggesting reduced liquidity. The token’s vast circulating supply means any major price surge would require billions in new capital. Still, XRP ETFs saw net inflows of $12.57 million over the past week, indicating steady demand.

In contrast, HYPE has rallied sharply, hitting an all-time high near $62.50 in May 2026. The token’s deflationary mechanics and regular buybacks have fuelled its rise. Retail traders are piling in, with HYPE ETFs recording $63.96 million in inflows over just eight days—far outpacing XRP’s activity.

While XRP holders focus on gradual, organic growth, HYPE’s momentum reflects broader market excitement around newer assets. The Senate’s upcoming decision on crypto regulation could shape XRP’s trajectory in the coming months. If passed, the bill may encourage institutional adoption and push prices higher. For now, the token remains vulnerable to further declines if current support levels break.

HYPE, meanwhile, continues its upward trend, backed by strong retail interest and a tightening supply. The contrast between the two highlights shifting priorities in the crypto space.