Crypto Price Analysis August-28: ETH, XRP, ADA, BNB, and HYPE

Crypto Price Analysis August-28: ETH, XRP, ADA, BNB, and HYPE

This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail.

Ethereum (ETH)

Ethereum closed another week in the green after pushing above $2,400, ending 6% higher. If buyers manage to hold this key support level, higher highs may continue.

Bulls should do their best to consolidate their recent gains after the massive rally from the $1,500 level. To achieve this, defending $2,400 as support is key. The current resistance is at $2,800.

Looking ahead, this is the first time since 2025 that ETH has made a higher high. This halts the downtrend and positions this cryptocurrency for a sustained rally. The question is how far bulls can take it before they show signs of weakness.

eth_price_chart_2808261 — Source: TradingView

Ripple (XRP)

After XRP pumped to $1.6, the price entered a pullback, which is still ongoing at the time of this post. Nevertheless, this cryptocurrency closed the week 9% higher. This recent performance is impressive and a significant change in the market structure.

With a higher high secured, XRP could be consolidating between the key support at $1.3 and the resistance at $1.6. Once the price settles, a renewed push higher could follow, sending XRP back into a rally.

Looking ahead, the most significant target, at this time, is $2. For that to happen, XRP will need to turn $1.6 into a support first. The odds favor this outcome considering that buyers have the advantage right now.

xrp_price_chart_2808261 — Source: TradingView

Cardano (ADA)

Cardano ended this week flat after the price failed to break the resistance at $0.23. Buyers tried to push ADA higher, but sellers would not budge. For this reason, the price is in a pullback at the time of this post.

While a consolidation period under the key resistance is normal, this cryptocurrency needs to avoid a long delay in breaking $0.23, as that may encourage sellers to step up their presence on the order book.

Looking ahead, Cardano needs to make a higher high to confirm the bottom under $0.15. So far, this has not happened, which may give bears a chance to retest the previous lows in the future.

ada_price_chart_2808261 — Source: TradingView

Binance Coin (BNB)

Binance Coin had a good week, closing 7% higher. The price also broke the $690 resistance and appears close to forming a higher high. If confirmed next week, BNB may be well on its way to visit $900 next.

It is critical for the price to continue its rally, as any price below $740 would paint a lower high on the chart, which would be a bearish signal. Nevertheless, as long as the $690 level holds as support, buyers have control over the price.

Looking ahead, the recent drop under $580 could be the bottom. To confirm it, BNB needs to rally and sustain its recent gains. If so, the $900 and $1,000 targets will act as magnets for the price in the near future.

bnb_price_chart_2808261 — Source: TradingView

Hype (HYPE)

Hyperliquid had another fantastic week, closing 14% higher after setting a new record price of almost $87. Right now, HYPE is trading in a key range between $ 76 and $ 85 as it plans its next move.

To continue the rally, the price has to clear $85 as support and aim for $90 next. However, considering the strength of the recent move, a consolidation period would be welcomed to avoid a sharper correction later.

Looking ahead, HYPE has a real chance to hit a three-digit price in the near future if this bullish momentum is sustained. A price of $100 or higher is only a 20% rally from current levels.

hype_price_chart_2808261 — Source: TradingView

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Source: Crypto Price Analysis August-28: ETH, XRP, ADA, BNB, and HYPE