XRP Stuck in Death Cross as Bitcoin Tops $65K
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- XRP traded at $1.10 Thursday, down 0.54%, with an indicator score of -42% and a confirmed daily death cross, failing to break resistance set during the Crypto Winter even as the broader market rallied.
- Bitcoin cleared $65K and Ethereum surged nearly 6% this week after June CPI fell 0.4% — the steepest single-month drop since April 2020 — collapsing Fed July rate-hike odds from 31% to single digits.
- The Clarity Act, which could classify XRP as a commodity and unlock institutional ETF demand, missed its expected July 4 Senate floor vote and now looks likely to land in late July or August at earliest.
- Ethereum historically leads broader crypto recoveries, and the Altcoin Season Index at 45 (below 50 signals BTC/ETH dominance) confirms capital hasn't rotated to altcoins; in early July, a $602 million short liquidation saw XRP gain just 3% while Ethereum and Solana nearly doubled that move.
- XRP sits at a technical decision point — holding $1.08 support targets $1.13, while losing it reopens the path to a critical $1.02 floor — with ADX at 13.3 and RSI at 48.5 both signaling directionless, range-bound conditions.
Why it matters: XRP's underperformance is no longer just a chart problem — without a Clarity Act date on the Senate calendar, the token is trading on macro sentiment alone and consistently losing the rotation race to Ethereum and Solana during recovery moves. The death cross has held continuously since July 2025's $3.65 all-time high, meaning a trend reversal requires both a legislative catalyst and a technical breakout to materialize.
