Market volatility is easing across crypto, but two tokens — XRP and Hyperliquid (HYPE) — are showing no positive netflows, signaling a lack of fresh buying pressure. Meanwhile, Zcash (ZEC) is drawing attention as some traders eye a potential bounce to $500.
What the netflow data shows
Netflows track the movement of tokens into and out of exchanges. Positive netflows typically indicate accumulation, while negative or zero readings suggest selling or stagnation. For XRP and HYPE, the latest data shows no positive inflows — meaning no net buying from new capital entering those markets.
The broader market has calmed after weeks of sharp swings. Bitcoin and other major coins have stabilized, but the absence of positive netflows for XRP and HYPE stands out. It suggests that despite the quieter environment, investors aren't rushing to add positions in these two assets.
XRP and HYPE: No buying pressure
XRP, the token associated with Ripple, has seen its price drift in recent days. Without positive netflows, any upward moves may lack conviction. Hyperliquid, a newer token in the decentralized exchange space, faces a similar situation. The lack of inflows could mean traders are waiting for clearer signals before committing capital.
Neither token has seen a major sell-off, but the flat netflow readings point to a wait-and-see attitude among market participants. For HYPE, which has seen volatility in its short history, the current calm may be temporary.
ZEC: A potential bounce to $500
Zcash (ZEC) is a different story. The privacy-focused coin is being watched for a possible rally to $500. That would represent a significant gain from current levels, though the facts don't specify a timeline or catalyst.
ZEC has a history of sharp price moves, and the current market conditions — lower volatility and a shift in sentiment — could provide the backdrop for a bounce. Whether it reaches $500 depends on whether buying momentum picks up.
For now, the focus remains on netflow data. If XRP and HYPE continue to see no positive inflows, their prices may struggle to break out. ZEC, on the other hand, could be the outlier if traders decide to rotate capital into privacy coins.
The coming days will show whether ZEC can sustain a rally toward $500, and whether XRP and HYPE can attract fresh demand.
