XRP has faced bearish momentum over the past 24 hours, with its price dropping 4.7% while its volume rose by 94%, highlighting a shifting dynamic as traders readjust based on new information and price outlooks.

Currently trading at $2.97, XRP has fallen below $3 for the first time in almost two weeks. Unless quickly corrected, this creates a negative psychological effect for its holders. There are already whispers among community members that it might be time to take profits, especially since the asset has already rallied 10x since the 2022 bear market.

But as confidence wanes in the XRP community, a new altcoin is quietly gaining momentum called Bitcoin Hyper. Even as other assets have sold off recently, $HYPER continues to succeed in its ongoing presale. It is generating over $300,000 in inflows daily, bringing its total raise to $10.4 million.

The project is developing a Bitcoin layer 2 blockchain designed for fast and secure transactions for DeFi, payments, and meme coins on top of the world’s most secure and liquid infrastructure.

Leading Analyst Says XRP Poised for Potential $2 Lows

Losing the $3 level is a major blow to XRP’s outlook, with prominent analyst Ali_Charts suggesting it could result in a drop to $2.6 or even $2 in a worst-case scenario.

Exacerbating this bearish sentiment, the move has created a “fake out” chart pattern – a temporary breakout above resistance that attracts buyers, only for the price to quickly fall back into the previous range. Fake outs can cause drastic downturns as late buyers are forced to cut positions, which can create a cascading effect.

However, Ali_Charts also highlighted there is a “key support” at $2.81, based on a significant buying zone of 1.70 million tokens accumulated at this level.

A more optimistic outlook may suggest that buying pressure will return at $2.81 and help defend the higher-time-frame bullish trend. Still, XRP’s drop below $3 is a crucial hindrance, especially as the broader crypto market is struggling right now.

Top Signal? 94% of XRP Holders are in Profit

For cryptocurrencies like Ethereum, which are just beginning to gain traction, the current market dip is less concerning. Its price has only increased by around 60% this year, and it has only recently started outperforming Bitcoin.

If the bull market resumes, such cryptocurrencies are likely to quickly regain momentum. However, XRP’s situation is different since it has already surged significantly. Its price has increased 415% this year, and 94% of its holders are in profit because of that.

In 2018, a very similar situation occurred where over 90% of holders were in profit, and then XRP’s price fell more than 95% from $3.3. Then in 2021, profitability levels above 90% preceded an 85% crash from around $1.95 to $0.3.

While there’s no guarantee that the top is in for XRP, this data suggests that its future momentum could at least be suppressed by profit-taking. Therefore, the market is likely to favor more asymmetrical bets that have yet to pump. While Ethereum is one option, low market cap alternative Bitcoin Hyper is proving particularly attractive as its presale momentum has skyrocketed recently.

Why Bitcoin Hyper Could Be the Best XRP Alternative

Bitcoin Hyper is a Bitcoin layer 2 blockchain designed to enable fast, secure, and low-cost transactions. Its goal is not only to support Bitcoin’s role as a store of value but also to unlock new economic opportunities.

The platform features a trustless canonical bridge that allows users to securely transfer their $BTC to the Bitcoin Hyper network. Once there, users can interact with the full ecosystem, which could include DeFi, gaming, and meme coin opportunities.

Transactions on Bitcoin Hyper are reported back to Bitcoin’s Layer 1 via ZK-rollups, inheriting Bitcoin’s core security and immutability benefits.

Another key difference between Bitcoin Hyper and top altcoins like XRP and Ethereum is its significantly lower price. Currently in presale, $HYPER has raised $10.4 million so far. This is a huge amount for a new project, reflecting strong investor appeal – but it also leaves massive upside potential.

As a result, analysts like Umar Khan from 99Bitcoins believe the project could potentially generate 100x returns once it hits exchanges.

But if Bitcoin Hyper can truly gain traction and redefine Bitcoin’s core purpose, the potential for even bigger gains exists.

Every cycle, a select few altcoins generate headline-worthy, life-changing returns. Ethereum, XRP, and Solana are all examples. But this cycle, Bitcoin Hyper’s use case is among the most promising on the market, suggesting that it could well be the next market-leading launch.