Expect a Letdown from the U.S. Crypto Summit, but These Cryptos Will Keep Climbing Even as Market Sentiment Drops

The highly anticipated U.S. Crypto Summit might ultimately prove more about optics than real market momentum. Critics argue that the event appears to merely repackage existing Bitcoin holdings rather than drive fresh investment, potentially leading to a letdown. Despite a high-profile guest list and the promise of regulatory clarity, some doubt the summit's ability to overcome entrenched market challenges. However, as investor sentiment falters, certain digital currencies seem poised to thrive.

XRP Price Analysis: Steady Growth Amid Key Levels

XRP experienced a modest 0.56% gain over the last month, following an impressive 384.67% surge over the past six months. A notable weekly rise of 15.74% indicates a consistent upward trend. These figures demonstrate a recovery period that is building a strong foundation for potential growth in upcoming sessions.

The current price lies between $1.60 and $2.88, with immediate resistance at $3.61 and support at $1.06, while a secondary resistance level appears at $4.89. Market activity shows a balance between bulls and bears, resulting in no clear long-term trend. Traders might consider targeting movements within these established levels for potential breakout opportunities.

Hyperliquid Price Action: 60% Rally Amid Short-Term Correction

A one-month decline of 36.27% contrasts with a six-month surge of 60.34%. A weekly drop of 23.43% underscores short-term weakness. Price movements show a mix of losses alongside a solid long-range build, highlighting sharp corrections followed by notable rallies over the extended period.

Trading is currently between $15.17 and $26.59, testing key support at $10.41 and resistance at $33.24. Bearish indicators are prevalent, with negative momentum and an oversold RSI at 32.13 suggesting selling pressure. A clear trend is absent, creating uncertainty in market direction. Traders might consider buying on dips if support holds, targeting resistance levels for potential gains.

Arbitrum Price Overview: Decline and Key Support/Resistance Zones

Arbitrum’s performance reflects a 15.07% drop over the last month and an 18.98% decline in the past six months. The coin has steadily slipped with a one-week decrease of 4.38%, underscoring a period of continued weakness and downward momentum. Price action over these periods highlights a clear bearish trend.

Currently, ARB trades between $0.30 and $0.60 with immediate resistance at $0.78 and support at $0.17. A secondary resistance emerges at $1.08 while support exists near zero. Bearish pressure dominates as technical indicators, including an RSI of 40.50, point to limited momentum. Traders might explore cautious buys at support and controlled shorts near resistance.

Conclusion

XRP, HYPE, and ARB are expected to perform well despite a drop in market sentiment. These cryptocurrencies have shown resilience and steady growth. Investors may look to these assets as a safe haven in uncertain times. With strong fundamentals and community support, they are likely to keep climbing. While the broader market may experience fluctuations, the prospects for these specific coins remain positive. Staying informed about their developments could provide benefits.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.