Crypto Price Snapshot (Dec 26): ETH, XRP, ADA, BNB Weak; HYPE Small Bounce
Market update for Dec 26: Ethereum (ETH) remains rangebound around $3,000, holding near support at $2,870 with low holiday volume; a catalyst is needed to clear resistance at $3,345. Ripple (XRP) lost $2 support in December, trading near $1.80 and at risk of sliding to $1.60 if selling continues. Cardano (ADA) broke 0.40 USD support and closed the week down ~3%; continued bearish pressure could drive it toward $0.30. Binance Coin (BNB) failed to pierce $900 and sits near $840; supports at $800 and $690 could attract buyers on deeper pullbacks. Hyperliquid (HYPE) posted a modest 2% weekly gain, finding support near $22 after a >60% decline since September; it needs a move above $26 (and preferably $30) to confirm recovery. Overall momentum across these tokens is weak due to thin holiday liquidity, suggesting limited short-term upside and elevated downside risk until clearer market direction or renewed volume emerges.
Bearish
The article describes predominantly weak price action across major altcoins with key supports broken (XRP, ADA) or failed resistance retests (BNB). ETH is rangebound without volume, which typically precedes directional moves but currently signals indecision. HYPE’s small bounce is insufficient to offset a prolonged downtrend. Holiday-thinned liquidity increases the likelihood of exaggerated downside when sellers reassert themselves. Historically, similar holiday-range markets with broken supports have led to extended corrections until higher volume or macro catalysts emerge (for example, late-2018/early-2019 altcoin drawdowns and 2022 post-ETF rotation declines). Short-term implication: elevated risk of further declines and limited upside—traders should reduce long exposure, prefer tight stops, or wait for volume-confirmed breakouts. Long-term implication: if key supports (ETH near 2870, BNB 690, XRP 1.6, ADA 0.30) hold and macro conditions stabilize, these assets could consolidate and rally into 2026; otherwise, extended underperformance is possible.