XRP Lags as Bitcoin Tops $65K, Ethereum Jumps

Bitcoin traded above $65,000 and Ethereum rose nearly 6% following June Consumer Price Index data that showed a 0.4% monthly decline. XRP traded around $1.10, down roughly 0.5%, as a planned Senate floor vote on the Clarity Act missed its expected early July timing.

The June CPI fell 0.4%, the largest monthly drop since April 2020. Pricing of interest-rate futures moved the implied probability of a July Federal Reserve rate increase from about 31% to the single digits. Major U.S. banks reported second-quarter results that exceeded expectations. Bitcoin cleared a resistance level near $64,000 and traded above $65,000; Ethereum reached about $1,900 at the peak of the same session.

Markets pulled back on Thursday with most of the top 50 cryptocurrencies down less than 3% from recent highs. Tokenization-focused Ondo rose about 14% and led gainers by market capitalization. Price gains this week were concentrated in Bitcoin followed by Ethereum, while smaller altcoins showed less strength. The Altcoin Season Index stood at 45, a reading that indicates Bitcoin and Ethereum dominated price action rather than a broad altcoin advance.

XRP opened Thursday at $1.11257, reached a high near $1.11722 and was trading around $1.10650, a decline of about 0.5%, with an approximate market capitalization of $69 billion. The token did not break resistance formed during last year’s downturn. During a $602 million short liquidation earlier in July that pushed Bitcoin toward $62,000, XRP rose about 3% while Ethereum and Solana recorded larger percentage gains.

The Senate floor vote on the Clarity Act, legislation that could affect how XRP is classified, did not occur as expected around July 4 and now appears unlikely to take place before late July or August. With no firm legislative timeline, market participants have no scheduled congressional catalyst tied to the bill.

On-chain and chart indicators for XRP show limited directional strength. The Average Directional Index reads about 13.3, below the common 20–25 threshold that traders use to identify a clear trend. The 50-day exponential moving average remains below the 200-day average, forming a death cross that began after XRP’s slide from its $3.65 all-time high in July 2025. The Relative Strength Index is near 48.5, close to the midpoint, and the Squeeze Momentum indicator registers a slightly positive reading of about 0.81v.

XRP is testing a support range from roughly $1.18 down to $1.05. Short-term levels to watch include support near $1.10 and $1.08 and resistance near $1.13, with $1.06 and $1.02 noted as lower reference points. Market participants are monitoring whether Bitcoin can sustain levels above $64,000 and whether the Senate sets a date for the Clarity Act vote.