Are bears exhausted for XRP, ZEC, HYPE and SHIB?

As of October 12, 2026, the market is presenting a complex picture for several prominent assets. XRP, Zcash, Hyperliquid, and Shiba Inu are all currently under the microscope as traders attempt to determine if the bearish pressure that has defined the last few weeks is finally reaching a point of exhaustion. Each of these assets has shown a different reaction to the recent downward trend, providing a unique look at how different sectors of the crypto market are handling current selling pressure.

XRP has been hovering near critical support levels, with technical indicators suggesting that the selling volume is beginning to thin out. This often serves as an early signal that the downside move is losing its momentum. Meanwhile, Zcash has demonstrated a surprisingly stable floor during the recent volatility, hinting that long term holders are absorbing the supply being offloaded by shorter term traders. This type of accumulation is often the precursor to a reversal.

Hyperliquid has faced significant pressure, yet the price action suggests that the recent lows are being defended by market makers. For those monitoring HYPE, the key will be to watch for a break above the immediate resistance level that has capped gains for the past week. Shiba Inu, on the other hand, remains sensitive to broader market movements. SHIB has shown signs of consolidation, which is a positive shift from the constant liquidation spikes observed earlier this month.

The question of whether bears are exhausted is central to the current market narrative. While the bearish trend has been dominant, the lack of follow through on recent selling attempts is telling. If these four assets can maintain their current support levels through the end of the week, it could provide the necessary confidence for a broader recovery across the sector. Investors should remain cautious, however, as market reversals are rarely linear and often require a catalyst to shift the sentiment back to a bullish stance. The coming days will be vital in confirming whether this cooling of bearish sentiment leads to a sustained price recovery or if it is merely a temporary reprieve before another leg down.