Hedera (HBAR) is getting more noticed as it surpasses Ripple’s XRP in DeFi activity. According to an update shared by Mark (@markchadwickx) on X, Hedera has edged out XRP in this performance metric, adding fuel to growing bullish sentiment. This comes after several long-awaited upgrades that have breathed new life into the Hedera ecosystem.
Currently trading at $0.16, Mark posted that the HBAR price is showing signs of forming a classic inverse Head and Shoulders pattern—a structure traders often associate with strong reversals and upward moves. He shared some writings from Dailycoin that referenced technical analyst Jesse Peralta, who points out that reclaiming the $0.20 resistance could be just the beginning. The last time HBAR touched this price level was back on March 26, 2023.
According to the post $0.20 zone aligns with the Bollinger Band’s red-label threshold, a technical indicator used to measure momentum and volatility. If HBAR breaks this level with conviction, it could mark the start of a much larger rally.
🚨 Just In – $HBAR Edges Past $XRP By DeFi Activity, Bulls Eye $1.00 👀
— Mark (@markchadwickx) April 19, 2025
“HBAR’s technical setup is hinting at a way larger potential than the $0.20 key resistance level. With the neckline between $0.39 to $0.47, the trader expects it to burst through the all-time peak of $0.56… pic.twitter.com/oaa9YykqWj
Peralta believes HBAR has a lot more room to run. He identifies the neckline of this bullish pattern somewhere between $0.39 and $0.47. If this level gets cleared, the HBAR price could smash through its all-time high of $0.56 and make a push for the long-awaited $1 milestone.
What you'll learn 👉
HBAR vs XRP Price Action: A Tale of Two Pullbacks
Despite the rising buzz around Hedera, XRP still holds stronger year-to-date gains, with a 311% return compared to HBAR’s 100%. However, recent pullbacks have shifted the short-term outlook. XRP price dropped by 19.2% during the latest dip, while HBAR price declined by a slightly smaller 15%. This resilience could be why more eyes are now turning toward HBAR.
The charts shared by @markchadwickx further illustrate the growing DeFi presence of HBAR and the narrowing gap between these two major altcoins. In one of the images, HBAR’s DeFi volume clearly tops XRP, signaling increased on-chain activity and user interest.
Read Also: Where Should You Invest $1,000: Hedera (HBAR) or Ripple (XRP)?
Final Thoughts: Is $1 Realistic for HBAR?
All signs suggest that Hedera’s native token is preparing for a significant move. The inverse Head and Shoulders formation, the alignment with Bollinger Band thresholds, and the surging DeFi activity have created a perfect storm for bullish momentum.
If HBAR can break out above $0.20 and maintain that momentum through $0.47, $1 might not just be a dream anymore—it could be the next big headline.
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