The total market capitalization of the crypto market has rebounded to 4 trillion USD: XRP is expected to reach a new high, and Bonk and Hyperliquid are likely to welcome a new round of pump.

As the market capitalization of Crypto Assets rebounds to 4 trillion dollars, the performance of XRP, Bonk, and Hyperliquid significantly exceeds the market average. This article will explore the potential development trends of these three Tokens in the coming weeks and even by the end of the year, combining technical indicators and Fundamental Analysis.

XRP: New highs on the horizon, Ripple's expansion as a catalyst

(Source: TradingView)

Currently, the third largest Crypto Asset XRP has broken through the psychological barrier of 3 dollars, rising 2.5% in the past 24 hours, with a weekly increase of 7%. Its technical indicators also show strong upward potential: the Relative Strength Index (RSI) has just risen above 50, while the Moving Average Convergence Divergence (MACD) is about to turn positive, but has not yet entered the overbought range.

From a fundamental perspective, next week's Federal Open Market Committee (FOMC) meeting may become an important catalyst. With Ripple's legal battle with the U.S. Securities and Exchange Commission (SEC) finally coming to a close in early August, Ripple's expansion in cross-border payments and stablecoin business is accelerating, which will directly increase the demand for XRP. Therefore, analysts expect the price of XRP to potentially return to $3.5 by the end of this month, with hopes of breaking $5 before the end of the year.

Bonk (BONK): Meme coin enters the "price discovery" phase

Bonk is currently trading at $0.00002345, with a daily increase of up to 6% and a weekly increase of 15%. The Token has broken through a recent bullish pennant on the technical chart, with its RSI rising rapidly from around 40 to 55 in a day or two, indicating that the upward momentum is still continuing.

Some online analysts predict that Bonk may soon enter the "price discovery" phase. This means that its price will not only return to the historical high of $0.00005825, but is also expected to surpass that level in the coming weeks, especially against the backdrop of a general market rise at the end of the year.

Hyperliquid (HYPE): DEX growth drives price to new all-time high

Hyperliquid has risen by 6% in the past 24 hours and reached a historic high of $55.04 in the previous hours. Its current price is $53.94, with a weekly increase of 21% and a monthly increase of 24%. Since its listing in November last year, its price has surged over 1300%.

The strong performance of HYPE's price is mainly attributed to the robust growth of its native platform Hyperliquid DEX. This decentralized exchange (DEX) has recently set new revenue records in the past few weeks, reaching 106 million USD in August and capturing 70% of the DeFi perpetual contract market share. This fundamental support has significant bullish potential. Despite the sharp price increase, HYPE's technical indicators have not yet entered the overbought zone, providing investors with the opportunity to continue buying. Analysts predict that the token may reach 100 USD by mid-November and approach 150 USD before the end of the year.

Conclusion

As the total market capitalization rises again to $4 trillion, the overall sentiment in the crypto market is warming up. The article analyzes XRP, Bonk, and Hyperliquid, which not only show positive signals technically but also have their own highlights in terms of fundamental analysis. The recent performance of these tokens may just be the beginning of a new medium- to long-term upward cycle.