Crypto Market Watch: XRP Holds Steady as BNB Surges Past $700

XRP is still in a strong technical position after its explosive August breakout, but the market is assessing whether this move will turn into a long-term trend.

The break above the long-term moving average of $1.35 for XRP was a significant development, and holding this level would allow XRP to preserve its approximately 40% gain from the $1.00 area.

The momentum is still high, with an RSI of about 72, but this does not necessarily indicate a reversal, especially following such a vertical advance.

Binance Coin (BNB) has delivered one of its strongest technical moves in months, surging from around $600 to above $700 and breaking through several important moving averages in the process.

The breakout remains valid despite some consolidation, with BNB still above all four displayed moving averages, and an immediate resistance located between $720 and $730.

Hype (HYPE) continues to display one of the strongest technical structures among major altcoins, with HYPE trading around $82.60 after decisively breaking through its previous resistance zone.

The asset is now in price discovery territory with little historical resistance right above, and recent candles have reached roughly $84.

Dogecoin (DOGE) has recovered significantly from its August lows but the rally has run straight into its most significant long-term technical barrier, with DOGE trading around $0.0877 after momentarily approaching $0.10.