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 HyperliquidAccording 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.
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.
HYPE Surges As XRP SlidesThe announcement comes at a time when market performance has sharply diverged between the largest cryptocurrencies and Hyperliquid’s ecosystem.
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.
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
