XRP Can't Keep Up as Bitcoin Takes a Breather: Analysis
Crypto markets are consolidating after a macro-driven rally sparked by a 0.4% drop in June CPI, which sharply reduced July Fed hike odds and lifted risk assets. Bitcoin broke $64K and Ethereum rose nearly 6% to $1,900, while most top coins are now drifting lower. Ondo is the standout gainer on tokenization momentum. XRP has lagged badly. It is trading around $1.10, slightly down on the day, and failed to participate meaningfully in the broader rally. Market rotation has favored Bitcoin first and Ethereum next, with the Altcoin Season Index at 45 showing capital has not moved deep into altcoins yet. XRP also lacks a catalyst: the expected Senate vote on the Clarity Act was delayed, leaving it dependent on macro sentiment. Technically, XRP sits at a key support zone near $1.08, with downside risk toward $1.06 and $1.02 if it breaks. Indicators remain weak: ADX is very low, RSI is neutral, and the 50-day EMA is still below the 200-day EMA in a persistent death cross.
