Ripple Backs Hyperliquid: Is HYPE the New Crypto Superstar or Just Another Fad?

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So, in a plot twist worthy of a Netflix series, Ripple has decided to throw its weight behind Hyperliquid, the DEX that’s apparently growing faster than my laundry pile on a Sunday. This bold move has given a little boost to HYPE, its native token, while the rest of the crypto world seems to be auditioning for a tragedy.

Ripple and Hyperliquid: A Match Made in Crypto Heaven?

In a press release (which I’m sure everyone read with bated breath), Ripple confirmed it’s expanding its Prime Brokerage Platform to include Hyperliquid. Like adding avocado to toast-totally necessary.

The integration means institutional clients can now enjoy on-chain derivatives liquidity on Hyperliquid, while also managing their DeFi positions like a seasoned juggler at a circus. Who knew trading could be so… multi-tasky?

These clients will also get to dabble in digital assets, foreign exchange, fixed income products-basically all the financial goodies that make them feel important while sipping their lattes. It’s designed to help traders be more capital-efficient, which is just a fancy way of saying they want to keep more of their money.

Michael Higgins, the International CEO of Ripple Prime (yes, that’s a real title), claims that this move is part of a grand strategy to bridge DeFi and traditional finance. Because why not mix oil and water? It’s bound to be a fun ride!

Higgins also mentioned that this extension into decentralized finance is all about improving client access to liquidity while delivering the innovation that institutional customers expect. No pressure, right?

HYPE Takes Off While XRP Takes a Dive

Of course, all of this comes at a time when the big players in crypto are having a meltdown. Yes, Ripple’s beloved XRP has decided to take a nose dive, plummeting about 20% in the past week. But don’t fret; Hyperliquid has decided to throw a party, surging by about 64%. Talk about sibling rivalry!

Currently, HYPE is dancing just above $34 with traders eyeing the $35 level as a crucial support area. In other words, it’s like watching a very tense game of Jenga.

This past week, Hyperliquid has been playing hard to get, struggling to maintain that coveted threshold. It briefly flirted with $38 on Tuesday, making it the talk of the town. But can it keep it up, or will it drop back down like that one friend who always says they’re “almost there”?

On the downside, it seems buyers have set up camp around the $30 level, acting like a supportive friend who won’t let you binge-watch bad reality TV alone. Daily charts show this area is acting as a solid support floor, proving that even in crypto, some things just refuse to budge.

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2026-02-04 22:42