XRP Outshines Bitcoin & Ethereum as Market Stalls – July 2 Price Analysis

While Bitcoin and Ethereum flatline, XRP steals the spotlight with unexpected momentum. Here's why traders are flipping bullish on the Ripple-backed asset.

The big dogs nap, the underdog barks

Market fatigue hits BTC and ETH hard—no surprise after last month's institutional frenzy. Meanwhile, XRP's 15% surge proves there's still life in altcoins (and that whales love pumping litigation-proof assets).

Technical breakout or dead cat bounce?

XRP's ascending triangle pattern suggests legit upside, but let's see if it holds after Wall Street finishes its 4th of July margaritas. Remember: in crypto, 'fundamentals' just means 'which narrative hedge funds are frontrunning this week.'

Crypto Market Overview as Bitcoin Price Struggles

The Bitcoin price has displayed a slight correction of 1.13% in 24 hours with a trading volume of $44.561 billion. Despite a weak price action, the BTC price has maintained its market dominance well over 64% and is currently at 64.73% with a market cap of $2.103 trillion.

Further, the altcoin leader, Ethereum, witnessed a similar price trend over the past 24 hours. On a positive note, it has maintained its value above the $2,400 mark, suggesting a strong bullish point at that level. However, with its recent price correction, its market dominance has dropped below 9% and is currently at 8.9962%.

Other notable altcoins are Binance and Solana. The BNB token has constantly displayed a sideways trend for about a month, suggesting a rising disinterest of investors in the native token of the largest centralized cryptocurrency exchange in the world.

The SOL coin price recorded the highest correction among the top altcoins with its intraday drop of over 3% with a trading volume of $5.298 billion, a significant change of +69.22% during this period. With the recent price movement, the valuation of solana has dropped to $78.86 billion.

XRP Price Breaks Out Of Its Channel Pattern

Sailing against the tides, the xrp price has displayed a slightly positive price action over the past 24 hours. Adding to this, it has managed to break out of its descending channel pattern in the daily time frame that it had been trading within since the month of May began.

Moreover, the Bollinger Bands (BB) and Moving Average Convergence Divergence (MACD) indicators show a rising bullish momentum, suggesting a positive outlook for the altcoin in the shorter time frame.

Trending Cryptos Today

• Shieldeum (SDM)

• Hashflow (HFT)

• Maverick Protocol (MAV)

• XRP (XRP)

• Solaxy (SOLX)

Top Gainers & Losers Today

Crypto Market Cap Overview

Amid the weak price action in the market, the crypto industry continues recording a negative price action over the past 24 hours. The market valuation has dropped by approximately 1% with a 24-hour trading volume of $102.51 billion as per the latest updates of CoinMarketCap. With this, the global cryptocurrency valuation continues hovering around the $3.28 trillion mark.

As of today, the Fear & Greed index is valued at 50 (neutral), indicating a consolidated price action. Additionally, the Altcoin season index has increased to 22 from 19 that was recorded yesterday, hinting at increasing volatility in the Altcoin market.

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