Wave throws weight behind the hyperliquid, feeding the HYPE Rally to crucial levels

[Ben Graham]

Ripple has announced new support for Hyperliquid, one of the fastest‑growing decentralized exchanges (DEXs) in the crypto sector, a move that has added momentum to the platform’s native token, HYPE, even as the broader market remains under pressure.

Ripple Expands Prime Brokerage Platform With Hyperliquid

In a press release issued on Wednesday, Ripple confirmed that Ripple Prime, its institutional prime brokerage platform, has integrated support for Hyperliquid.

According to Ripple, the integration allows institutional clients to tap into on‑chain derivatives liquidity on Hyperliquid while cross‑margining their decentralized finance (DeFi) positions alongside other assets already supported by Ripple Prime. 

These include digital assets, foreign exchange, fixed income products, over‑the‑counter swaps, and cleared derivatives. The structure is designed to give professional traders greater capital efficiency while operating across both decentralized and traditional markets.

Michael Higgins, International CEO of Ripple Prime, said the move reflects the company’s broader strategy of bridging DeFi and traditional financial infrastructure. He noted that Ripple Prime aims to offer direct support for trading, yield generation, and an expanding range of digital assets. 

Higgins added that extending the prime brokerage platform into decentralized finance is intended to improve client access to liquidity while delivering the efficiency and innovation institutional customers increasingly expect.

HYPE Surges As XRP Slides

The announcement comes at a time when market performance has sharply diverged between the largest cryptocurrencies and Hyperliquid’s ecosystem. 

Ripple’s associated cryptocurrency, XRP, has fallen roughly 20% over the past week, broadly tracking the downturn across the wider crypto market. In contrast, Hyperliquid has surged by about 64% over the past two weeks, standing out as one of the strongest performers during a period of overall market weakness.

That rally has pushed HYPE toward what traders see as a critical technical zone. At the time of writing, the token is trading just above $34, with the $35 level emerging as an important short‑term support area. 

Over the past week, Hyperliquid has struggled to hold above that threshold on a sustained basis, despite briefly breaking through it on Tuesday. During that move, the token climbed as high as $38, marking its highest price since November of last year.

On the downside, Hyperliquid’s price action suggests that buyers have established a solid base around the $30 level. Daily chart data shows this area acting as a key support floor, repeatedly halting declines and helping to preserve the recent recovery in the weekly time frame. 

Featured image from OpenArt, chart from TradingView.com