The latest United States inflation figures have brought renewed attention to the altcoin market, with investors showing stronger interest following a modest 0.1% increase in the Consumer Price Index for May. This lighter-than-expected rise has reduced pressure on the US Federal Reserve to adjust interest rates in the near term, creating favourable conditions for risk-based assets.
As a result, alternative cryptocurrencies are beginning to attract capital once again, particularly those backed by tangible developments and strong market narratives. Three assets leading this resurgence are XRP, Hyperliquid (HYPE), and Virtuals Protocol (VIRTUAL)—each benefitting from specific drivers within the current environment.
Image 1: XRP/USD Price Chart (Source: TradingView)
XRP Gains Traction from Bitcoin and Broader Utility Push
XRP is closely following the upward movement of Bitcoin, supported by a correlation of 0.91, indicating it often moves in line with the leading cryptocurrency. As Bitcoin continues its push toward the $110,000 mark, XRP is showing signs of tracking that progress.
Technically, XRP has exited a downward price structure known as a “falling wedge”, a pattern commonly associated with potential upward reversal. After emerging from this formation, the price broke through the $2.50 level, a previously tested resistance zone. The asset has since entered a brief consolidation phase above that mark, which analysts suggest is a typical development following such a breakout.
The token is currently positioned above a notable support level at $2.04, a zone previously tested during earlier lows. If XRP maintains this level and holds above $2.50, further movement toward the next projected barrier near $2.93 could follow.
The market’s relative strength index (RSI) reading stands near 52, signalling steady momentum with room for further movement. While not overheated, the RSI suggests the token remains within favourable conditions for additional gains.
Institutional sentiment is also shifting in XRP’s favour as top institutions are reportedly building significant holdings in XRP. Their strategy appears based on its utility in cross-border payment infrastructure, particularly within Ripple’s network. Each transaction within Ripple’s new stablecoin ecosystem, based on RLUSD, consumes XRP as part of the settlement process, reinforcing demand.
According to Bloomberg’s forecast, XRP has been assigned an 85% likelihood of receiving exchange-traded fund (ETF) approval in 2025. As regulatory clarity improves, the token is being positioned less as a speculative trade and more as a long-term asset tied to payment utility.
⚠️ BREAKING:
Bloomberg now gives XRP an 85% chance of ETF approval in 2025.
The tide is turning.
Regulatory clarity is coming.$XRP isn’t speculation anymore, it’s infrastructure. pic.twitter.com/i1hk3HWsB5— John Squire (@TheCryptoSquire) June 11, 2025
HYPE Leads Revenue Rankings with Strong Technicals
Hyperliquid’s native token, HYPE, is also benefitting from macro conditions and is showing consistent price strength. With inflation figures staying moderate and no immediate policy changes expected from central banks, the market is leaning towards higher-growth opportunities. HYPE has continued to move upward, setting new all-time highs and drawing increased investor attention.
Crypto commentator Holosas noted that Hyperliquid has generated over $64 million in revenue in the last month—outperforming major networks such as Ethereum and Tron. What sets HYPE apart is its distribution model: 97% of this revenue is directed toward token repurchases, effectively creating continuous buying pressure.
Hyperliquid is the #1 revenue-generating protocol in all of crypto — $64.8M in the last 30 days.
More than Tron. More than Ethereum. More than everyone else.
And unlike the rest, 97% of this revenue is used to buy back $HYPE.No other protocol comes close in capital efficiency… pic.twitter.com/0QFQNvzLZE
— Holosas (@Holosas_) June 11, 2025
Despite these achievements, the project still ranks outside the top ten by market capitalisation. Feld and others in the space argue that, based on performance metrics alone, HYPE is on a natural path to a higher tier.
On the technical side, HYPE has shown a clear upward trend since mid-March 2025. It recently surpassed a key price point at $35.32 and is currently trading above $41, with the breakout level now serving as a support zone.
Price projection tools, such as Fibonacci extensions, are pointing to the next resistance levels at approximately $51.34, $77.27, and $103.20. These levels have been used by traders to outline near-, mid-, and long-term price targets. The reclaiming of earlier consolidation zones around $25 and $27 further strengthens the case for continuation.
Price action is currently supported by the 50-day exponential moving average, which has been trending upward and acting as a dynamic support. With strong structural backing and measurable market participation, HYPE remains positioned for additional gains.
Image 2: (Source: Unsplash)
VIRTUAL Advances with Decentralised AI Expansion
Virtuals Protocol (VIRTUAL) is emerging as a key player in the crossover between artificial intelligence and blockchain infrastructure. The token is responding positively to the successful launch of its first AI-powered agent on the Ethereum network, while also operating across Base and Solana.
In the past 24 hours, the token has gained over 4%, and over the past week, it has risen more than 22%. VIRTUAL is now trading near $2.15, supported by growing investor confidence and firm technical levels.
Read Also: Altcoins Break Away: SKY, QNT, and FET Shine Despite Market Gloom
The price remains above key previous supports and continues to attract volume. Analysts note that, if current momentum holds, a move toward the $2.58 level is likely. This threshold represents the next short-term upside target based on existing trend patterns.
Investor interest in AI-linked digital assets has surged in recent months, and VIRTUAL’s real-time application of decentralised AI agents gives it a practical edge in a highly competitive segment.
