Crypto Price Analysis August 22: Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid
By Duo Nine | Updated August 22, 2025, 07:09
This week’s crypto market review takes an in-depth look at the recent price movements and technical outlook for Ethereum (ETH), Ripple (XRP), Cardano (ADA), Binance Coin (BNB), and Hyperliquid (HYPE). Despite volatility across the board, key support and resistance levels will likely dictate the course for these major cryptocurrencies in the days and weeks ahead.
Ethereum (ETH)
Ethereum experienced a notable pullback after failing to sustain momentum above the $4,800 level. Over the past two weeks, the price retraced and closed this week with a 7% loss, reflecting a healthy correction following its earlier breakout above $4,000. At present, Ethereum is still holding comfortably above the $4,000 support zone. This retest of its previous breakout point may serve as the catalyst for buyers to mount a renewed challenge to Ethereum’s all-time high of $4,868. Looking forward, there is growing bullish sentiment suggesting that Ethereum could attempt to surpass its record high by late August or early September. Should this breakout materialize, ETH could enter a price discovery phase, aiming for new targets of $6,000 and even $7,000 in the medium term.
Ripple (XRP)
Ripple’s XRP struggled this week after losing its crucial support at $3. This bearish development led to a 9% weekly decline and pushed XRP down toward the next support level near $2.7. The increasing selling pressure signals that XRP may soon test this lower threshold. Holding the $2.7 support is critical, as failure to do so could open the door for further losses potentially down to the $2.5 mark.
The short-term outlook for XRP appears increasingly negative. The 3-day MACD indicator confirmed a bearish crossover this past week, suggesting that the downtrend may accelerate in the near future. However, there remains hope that buyer interest will resurface to arrest the decline and stabilize the market.
Cardano (ADA)
Cardano had a fleeting moment above the $1 mark but was unable to maintain that level. Sellers pushed the price back down under $0.90, where ADA currently trades. While this pullback is within normal expectations, a return to $1 and beyond could prove difficult if broader market conditions remain bearish.
Support is currently established around $0.77, and the technical picture is somewhat more optimistic than Ripple’s. The ADA chart shows higher highs and higher lows, with the 3-day MACD still in bullish territory. Moreover, buying volume is trending upwards. If these positive signs hold, Cardano may be able to solidify $1 as a new support level, paving the way for targets like $1.3 in the coming weeks.
Binance Coin (BNB)
Binance Coin emerged as the standout performer this week, achieving a new all-time high at $883. However, the rally was followed by a mild pullback, bringing BNB back to levels similar to those seen the previous week. The $830 support level remains key and has been tested and confirmed multiple times, signaling a solid foundation for the asset.
Going forward, BNB must maintain this support to capitalize on its recent gains. Any erosion of the $830 level could invite increased selling pressure and a more significant correction. Nonetheless, as long as the price stays above $800, the overall bullish trend appears intact.
Hyperliquid (HYPE)
The Hyperliquid token has struggled since early July after failing to breach the $50 mark. Buyers made another attempt in mid-August but faced resistance once again, resulting in a sharp 17% loss for the week. Currently priced near $41, HYPE’s chart shows a pattern resembling a double top, which is often interpreted as a bearish reversal signal.
Immediate support levels for HYPE lie at $39 and $37. Should sellers overwhelm these points, the price could decline further toward $30. Losing support below $37 would mark the end of the current uptrend, forcing buyers to seek a new base possibly around the $30 or $27 levels to rebuild momentum.
Summary
This week’s crypto market outlook reflects a mix of cautious corrections and bullish ambitions. Ethereum and Binance Coin maintain promising potential to challenge and exceed previous all-time highs, while Ripple and Hyperliquid face increasing downside risks if critical supports do not hold. Cardano stands in a comparatively better position to resume upward momentum, supported by positive technical indicators.
Investors and traders are advised to monitor key support and resistance levels closely and conduct their own research before making any investment decisions.
Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. Readers should perform their own analysis and consult financial professionals before trading cryptocurrencies.
About the author:
Duo Nine is a seasoned crypto educator and technical analyst with over seven years of experience in price action trading. Since purchasing his first Bitcoin in 2014, he has remained actively involved in the cryptocurrency space.
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