- Bitcoin cleared $65,000 and Ethereum surged nearly 6% this week following softer inflation data, though most top 50 coins are now consolidating with losses under 3%.
- XRP is trading at $1.10, down 0.54%, and remains stuck in a confirmed death cross on the daily chart with weak technical momentum.
- The Clarity Act, XRP’s biggest near-term catalyst, missed its expected July 4 Senate vote and may not land until late July or August.
Markets took a breath Thursday after one of the cleaner macro-driven crypto pumps of 2026. The June Consumer Price Index fell 0.4%, collapsing Fed rate hike odds and giving crypto a reason to run, as Decrypt covered Tuesday.
Wall Street also delivered, with Goldman Sachs, JPMorgan, Morgan Stanley, and Citi all posting Q2 earnings that beat expectations. Bitcoin broke the $64,000 resistance that had capped it for weeks, while Ethereum surged nearly 6% in a single day, touching $1,900.
However, XRP’s version of the rally was underwhelming. The coin opened Thursday at $1.11 and is now at $1.10, down 0.54%.
Consequently, XRP failed to break the price resistance set by the Crypto Winter when it had the chance. The Altcoin Season Index at 45 confirms capital hasn’t rotated down the risk curve to altcoins yet.
Ripple‘s token is currently testing a weak support zone from its most recent bearish leg. The ADX reads 13.3, well below the 25 threshold that confirms a real trend.
The Exponential Moving Averages tell the clearest story, with the 50-day average trading well below the 200-day average in a formation called the death cross. The RSI sits at 48.5, right in the middle with no pressure in either direction.
Meanwhile, the Clarity Act—legislation that could classify XRP as a commodity and unlock institutional ETF demand—missed its expected July 4 Senate floor vote. Without a date on the calendar, XRP is trading on macro sentiment alone.
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