Top Altcoins Price Forecast: Hyperliquid rebounds as pressure weighs on Ripple and Solana

• Selling pressure keeps Ripple below key moving averages on Thursday, with losses extending below $1.30 as the token falls over 2%.
• Under growing selling pressure, Solana has shed 2% so far and is testing its 200-day EMA alongside the psychological $100 mark.
• Bullish momentum appears to be returning to Hyperliquid, which has gained 7% and regained its 50-day EMA at $81.21.

Is institutional demand faltering?

Weak institutional appetite is weighing on the near-term outlook for altcoins. On Wednesday, Solana-focused ETFs posted outflows of $5.66 million, following withdrawals of over $19 million and $8 million earlier in the week, taking the total to $33.04 million. Should the week end with net outflows, it would be the fourth successive week of withdrawals, pointing to heavy selling pressure from institutional investors.

Institutional activity in XRP and HYPE, meanwhile, remained muted: neither recorded inflows on Wednesday, while their weekly outflows stood at $3.61 million and $4.30 million, respectively.

Could Ripple break below its key support level?

The near-term outlook for Ripple remains bearish, with the token trading at $1.2924 at the time of writing on Thursday. At this level, XRP is well beneath its 50-day and 200-day Exponential Moving Averages (EMAs), which stand at $1.3574 and $1.3891, respectively.

Recent efforts to regain resistance appear to have failed, as the price has slipped back below the descending trendline barrier at $1.3216.

Daily momentum readings indicate weakness rather than exhausted selling. The Relative Strength Index (RSI) is hovering around 40, while the Moving Average Convergence Divergence (MACD) remains flat below zero, suggesting that any rebound could face limits.

If a break below $1.2588, the low recorded on 21 August, is confirmed, losses could deepen towards the 2 August high near $1.0933.

For a recovery, the first hurdle lies near $1.3216 at the trendline break zone. Beyond that sit the 50-day EMA at $1.3574 and the stronger structural ceiling formed by the 200-day EMA at $1.3891.

Can Solana hold its 200-day EMA support?

A bearish near-term bias persists in Solana as it trades around $100 on Thursday. Although SOL remains above the longer-term 200-day EMA at $98.36, it continues to trade below the 50-day EMA at $105.

Downward momentum appears to be easing but remains dominant: the RSI is near 35, just above oversold territory, and the MACD continues to sit below zero.

Should closing prices remain below the 200-day EMA at $98.36, the rising support trendline around $87.26 could face another test.

Recovery attempts face an immediate hurdle at the 50-day EMA near $105.44. Regaining this level would be necessary to pave the way for a more constructive bullish phase.

Is Hyperliquid facing a ceiling below its 50-day EMA?

A bullish near-term bias holds for Hyperliquid, which is trading above $86.00 on Thursday. Despite recent volatility, the broader uptrend remains intact, with HYPE comfortably above both the 50-day EMA at $81.82 and the 200-day EMA at $67.77.

Buyers appear to retain control, as constructive momentum readings show the RSI near 59 and the MACD above zero.

HYPE faces its first resistance near $88.14, the high recorded on 3 September. A move through this level could clear the way towards the 23 September high around $98.30 and the psychological $100 mark.

The first downside cushion lies at the 50-day EMA near $81.82. Further below, the rising trendline around $76.07 and the 200-day EMA at $67.77 underpin the longer-term bullish structure, with larger pullbacks expected to draw buying interest on dips.

(The technical analysis of this story was written with the help of an AI tool. Know more.)